Mahindra and Swaraj Tractor Sales in September 2026: 52,100 Tractors Sold, Sales Down 21%
Mahindra’s Farm Equipment Business (FEB) recorded 52,100 tractor sales in September 2026, marking a 21% decline compared with 66,111 tractors sold in September 2025.
The year-on-year decline was mainly seen against the high sales base of September 2025, when tractor demand received a boost following the GST rate cut. The shift in the festive season toward October also affected tractor sales during September 2026.
While monthly sales declined, Mahindra and Swaraj’s cumulative tractor sales for April to September 2026 increased by 7% year-on-year.
Let’s look at the detailed domestic, export, total and YTD tractor sales performance of Mahindra and Swaraj.
Mahindra and Swaraj Domestic Tractor Sales in September 2026
Mahindra and Swaraj sold 50,208 tractors in the domestic market in September 2026.
In September 2025, the brands recorded domestic sales of 64,946 tractors. This represents a 23% year-on-year decline.
The decline was influenced by the higher comparison base from September 2025 following the GST rate cut. The shift in the festive season toward October also contributed to lower domestic sales during the month.
Domestic Tractor Sales Comparison
| Particular | September 2026 | September 2025 | % Change |
|---|---|---|---|
| Domestic Sales | 50,208 | 64,946 | -23% |
Mahindra and Swaraj Tractor Export Sales in September 2026
Mahindra and Swaraj recorded 1,892 tractor exports in September 2026, compared with 1,165 units in September 2025.
This represents a 62% year-on-year increase in export sales.
Exports therefore performed differently from the domestic market, with overseas sales registering strong growth during the month.
Export Tractor Sales Comparison
| Particular | September 2026 | September 2025 | % Change |
|---|---|---|---|
| Export Sales | 1,892 | 1,165 | +62% |
Mahindra and Swaraj Total Tractor Sales in September 2026
Combining domestic and export sales, Mahindra and Swaraj sold a total of 52,100 tractors in September 2026.
In comparison, the brands sold 66,111 tractors in September 2025.
As a result, total wholesale tractor sales declined by 21% year-on-year.
Mahindra and Swaraj Tractor Sales: September 2026 vs September 2025
| Particular | September 2026 | September 2025 | % Change |
|---|---|---|---|
| Domestic | 50,208 | 64,946 | -23% |
| Export | 1,892 | 1,165 | +62% |
| Total | 52,100 | 66,111 | -21% |
Mahindra and Swaraj Tractor Sales: April to September 2026
Despite the decline in September, Mahindra and Swaraj reported higher cumulative tractor sales during April–September 2026.
During the first six months of FY 2026–27, the brands sold 2,74,068 tractors, compared with 2,57,025 tractors during the same period in 2025.
This represents a 7% year-on-year increase in total tractor sales.
Mahindra and Swaraj Domestic Sales: April–September 2026
Domestic tractor sales stood at 2,62,872 units during April–September 2026.
The corresponding figure for April–September 2025 was 2,47,336 tractors, representing a 6% increase.
Mahindra and Swaraj Export Sales: April–September 2026
Exports increased to 11,196 tractors during April–September 2026 from 9,689 tractors in the same period last year.
This represents a 16% year-on-year increase in export sales.
YTD Tractor Sales Comparison
| Particular | April–September 2026 | April–September 2025 | % Change |
|---|---|---|---|
| Domestic | 2,62,872 | 2,47,336 | +6% |
| Export | 11,196 | 9,689 | +16% |
| Total | 2,74,068 | 2,57,025 | +7% |
Key Takeaways from Mahindra and Swaraj Tractor Sales
| Metric | September 2026 / YTD Performance |
|---|---|
| September Total Sales | 52,100 tractors |
| September Domestic Sales | 50,208 tractors |
| September Export Sales | 1,892 tractors |
| September YoY Growth | -21% |
| April–September Total Sales | 2,74,068 tractors |
| YTD YoY Growth | +7% |
| YTD Domestic Growth | +6% |
| YTD Export Growth | +16% |
Conclusion
Mahindra and Swaraj recorded 52,100 tractor sales in September 2026, down 21% from 66,111 tractors sold in September 2025. Domestic sales declined by 23%, while export sales increased by 62%.
The September decline came against the higher sales base of September 2025, which benefited from the GST rate cut. The shift in the festive season toward October was another factor affecting monthly demand.
However, the broader six-month performance remained positive. From April to September 2026, Mahindra and Swaraj sold 2,74,068 tractors, an increase of 7% compared with the 2,57,025 tractors sold during the corresponding period last year.
The YTD figures show growth in both domestic and export markets, with domestic sales rising 6% and exports increasing 16%.
