September 2026 volumes: tractor sales down 16.7%, construction equipment up 92.5%

Tractors in Sept 2026: 15,214 vs 18,267 a year ago, down 16.7%.

Thu 1 Oct 2026

Tractor sales September 2026

15,214 units vs 18,267 in September 2025, down 16.7%

Domestic tractor sales

14,911 units, down 16.2% YoY

Construction equipment September 2026

795 machines vs 413, up 92.5%

6-month tractor sales

70,879 units, up 10.0% YoY

6-month construction equipment

3,108 units, up 41.2% YoY

Tractors in September 2026

• Total 15,214 against 18,267 in September 2025, a change of -16.7%
• Domestic 14,911 against 17,803, a change of -16.2%
• Exports 303 against 464, a change of -34.7%

The company says September 2026 is not comparable with last year because of the high base following the GST rate reduction in September 2025, the shift in the festive season to October 2026, patchy monsoon conditions and relatively lower Kharif sowing. It expects festive demand, crop harvesting and improving rural liquidity to support industry volumes ahead, while the high base effect may continue to moderate growth in the near term.

Tractor cumulative numbers

• Q2 (July-September): 34,017 against 33,877, a change of 0.4%
• Six months (April-September): 70,879 against 64,458, a change of 10.0%
• Six-month domestic 68,085 against 61,177, up 11.3%; exports 2,794 against 3,281, down 14.8%

Construction equipment

• September 2026: 795 machines against 413, a growth of 92.5%, described as the ever highest September monthly sales
• Q2: 1,764 against 1,146, up 53.9%
• Six months: 3,108 against 2,201, up 41.2%

The company links this to government-led infrastructure investments, project execution across roads, railways, urban infrastructure and mining, and demand for mechanization, with supportive export opportunities. It flags geopolitical uncertainties as a factor to watch.

How to read this

The monthly tractor drop is large, but the company points to timing factors, with the festive season falling in October this year. The six-month tractor figure is still ahead of last year. The construction equipment division shows strong momentum on both the month and the half-year.

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