Tractors

CNH India to resume US tractor exports; invest ₹1,800 cr after tariff cut

Italian-American agriculture equipment firm CNH's India unit plans to resume full-scale tractor exports to the US and invest approximately Rs 1,800 crore over the next two to three years, capitalising on a recent India-US trade agreement that reduced tariffs on Indian goods to 18 per cent from as high as 50 per cent. The New Delhi-based subsidiary, which operates brands like New Holland and Case IH, halted most US-bound shipments late last year after higher duties made them unprofitable. Production for the US market was paused in the final months of 2025, except for limited-compact tractor models used for testing and customer trials. In an interview with PTI at its Pune plant site, CNH India President and Managing Director Narinder Mittal said the company has now given the green light to restart production and supplies. "With the US tariff now reduced to 18 per cent, we have immediately resumed full-fledged tractor exports from India to the US," Mittal said. "Volumes will be higher

US interim trade deal opens door for tractor exports: Escorts Kubota CFO

The India-US interim trade deal gives a good opportunity to explore exporting of tractors to America, according to a senior official of farm and construction equipment firm Escorts Kubota. The company's Japanese parent Kubota Corporation has stated that it plans to turn India into its growth engine under its mid-term business plan for 2030, identifying business and projects from the country as one of the key aspects of the strategy. "We are not exporting to the US right now. We think with this tariff thing coming in now, probably this will give us a good opportunity to look at opening up that market again," Escorts Kubota Ltd whole-time director and CFO Bharat Madan told PTI. He was responding to a query on the impact of the India-US interim trade deal. "Right now, our parent company (Kubota) is exporting from Japan, and (US tariff on) Japan is about 15 per cent. So, there is not really a significant gap there (with that of India at 18 per cent," he noted. "That gives us a good ..

M&M to sell Finnish subsidiary Sampo Rosenlew to TERA for ₹52 crore

Mahindra & Mahindra will divest its Finnish arm Sampo Rosenlew Oy, maker of combine harvesters and forestry machines, to TERA for Rs 52 crore under a share purchase agreement

Govt should ensure policy gains do not evaporate in opaque tractor markets

The government can ensure trade accountability by making it mandatory for dealers to display MRPs for all models along with prices under GST 1 (12-18 per cent) and GST 2 (5 per cent)

Nomura backs auto rally post-GST cut; M&M, TVS Motor, Hyundai in fast lane

Nomura expects the GST cut to spark a volume surge of 5-10 per cent across categories, with passenger vehicles (PVs) and two-wheelers leading the growth.

Tractor industry volumes likely to post 4-7% growth in FY26: Icra

Tractor industry volumes are expected to grow in the range of 4-7 per cent in the current fiscal, backed by a favourable monsoon, rating agency Icra said on Monday. Following a growth of 7 per cent in FY2025, tractor industry volumes are expected to report a growth of 4-7 per cent in FY26, supported by a favourable monsoon, it said in a statement. Pre-buying ahead of the TREM V emission norms, proposed to take effect from April 1, 2026, could further aid volume growth, it added. The tractor demand remained strong in July 2025, with wholesale and retail volumes rising by 8 per cent and 11 per cent year-on-year (YoY), respectively. According to ICRA, a favourable monsoon is expected to further support agricultural activities and industry volumes. The India Meteorological Department (IMD) has forecast above-normal precipitation at 106 per cent of the long-period average (LPA) during the current monsoons, as per its second long-range forecast. Additionally, the third Advance Estimate

Smallcap tractor stock up 10% on strong Q1, nears record high. Do you own?

The company said the favorable and well distributed rainfall has provided a strong momentum to agricultural operations.

Escorts Kubota Q1 results: Net profit increases 19% as margins improve

The company, majority-owned by Japanese tractor maker Kubota, logged profit before exceptional items and taxes of ₹418 crore ($47.70 million) in the April-June period, compared with ₹350 cr last year

GST rate rejig: Tractors, ACs may emerge as key beneficiaries, says Nomura

Nomura said scrapping the 12 per cent GST slab could bring major tax relief for tractors and ACs, boosting demand and pricing.

Tafe settles Agco dispute, retains Massey Ferguson brand in India

TAFE to buy back AGCO's 20.7% stake for $260 million, retains exclusive Massey Ferguson rights in India, Nepal, Bhutan; ends legal battle and commercial ties

Escorts Kubota eyes No 2 spot in Indian tractor market with new launches

Farm machinery and construction equipment major Escorts Kubota Ltd is gunning for the number two spot in the Indian tractor market by combining the Indian firm's cost competitiveness with the Japanese partner's technology and quality strengths as part of its future plans, according to its top officials. The company, formed after Japan's Kubota Corporation acquired a majority stake in Escorts Ltd in a multi-structured merger deal announced in 2021, is working to finalise a mid-term plan (MTP) for up to 2031 with a slew of products planned to be launched, Escorts Kubota Ltd (EKL) Chairman and MD Nikhil Nanda and Deputy MD Seiji Fukuoka told PTI in a joint interview. "In the next four to five years between the three brands -- Farmtrac, Powertrac and Kubota -- I think the success is going to come from the new products that we are going to be launching. Lot of work has happened, and a lot of product lines are planned for introduction between now and the next five years...," Nanda said ...

Tractor sales in India may grow 4-7% in FTY26 on monsoon boost: ICRA

Tractor sales in India are likely to see a moderate growth of 4-7 per cent in 2025-26 on the back of a favourable monsoon forecast, which is expected to support agricultural production, ratings agency ICRA said on Wednesday. Pre-buying ahead of the TREM V emission norms, proposed to take effect from April 1, 2026, could further aid volume growth, ICRA said in a statement. "The industry wholesale volumes grew at 7 per cent in FY2025, aided by steady demand amid adequate rainfall. In FY2026, the industry is expected to report a growth of 4-7 per cent supported by a favourable monsoon forecast," it said. Citing IMD (India Meteorological Department) forecast of an above-normal precipitation at 105 per cent of the long period average (LPA) during the current monsoon season as per first long-range forecast, ICRA said, favourable monsoon and increased crop production will support industry volumes. "Further, the third advance estimates, released in May 2025, indicate a YoY increase of 7.9

Tafe, Agco Corp likely to settle tractor brand battle outside court

With TAFE giving up its board seat in AGCO and both firms in advanced talks, the row over the Massey Ferguson brand in India may be resolved without a legal battle

Tractors carve fresh growth furrows across FY26 auto sector landscape

Farm wheels spin past autos powered by strong monsoon, rising MSPs, and M&M's market grip

M&M gains 4% post Q4 nos; surges 22% in 4 weeks. Analysts see more upside

The board of directors of M&M has recommended a dividend of ₹25.3 (506 per cent) per ordinary equity share of the face value of ₹5 each.

M&M shares rally 10% in 4 days on healthy outlook. Buy, Sell, Hold?

Tractor delivery momentum is expected to continue in Q1FY26 on expectation of very good Rabi crop harvest and improved cash flow in the hands of the farmers.

Escorts extends fall; sheds 11% in 2 wks on weak Q3 operational performance

While management remains optimistic about near-term demand and has completed channel inventory rationalization, regaining lost market share will be critical, according to analysts.

Tractor recovery, new launches to maintain volume momentum for M&M

Growth takes root: Automaker cultivates volume momentum as farm and auto segments harvest gains

Tafe gets Madras HC relief in war with AGCO over Ferguson brand ownership

According to a Tafe statement, this order will ensure uninterrupted exclusive use of the Massey Ferguson brand in India by the Chennai-based major until the disposal of the suit

Tractor sales fall 1.5% to 901,668 units in 2024; outlook bright for 2025

2024-25 financial year growth pegged at 6-7 per cent