Indian tractor giant, Tractors and Farm Equipment Ltd (TAFE) has reported record tractor sales for fiscal year 2025, having sold 214,951 units.
During March 2026, the company recorded growth of 37.4% compared to domestic industry growth of 29% for the same period. The company exported 12,684 tractors to international markets.
The companies’ brands Massey Ferguson and Eicher Tractors recorded their highest annual sales, with all TAFE manufacturing plants operating at full capacity throughout the year.
Said to be the second largest tractor manufacturer in India, TAFE outlined that it is evaluating capacity expansion plans to support future growth.
Lakshmi Venu, vice chair of TAFE highlighted what was a positive year for tractor sales in its home market (India), helped by favourable monsoons and government support.
The previous fiscal also saw TAFE and AGCO reach a comprehensive settlement to resolve all outstanding disputes, including those related to brand ownership, commercial arrangements, and shareholding. In July 2025, TAFE secured full ownership of the Massey Ferguson brand in India, Nepal and Bhutan, along with all associated rights, titles, and goodwill in the brand and related trademarks in these markets.
In recent years, the TAFE brand has invested heavily in key European tractor markets, attending trade shows and establishing distribution channels.
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