Mumbai : Tractors and Farm Equipment (TAFE), is the world’s leading tractor manufacturer and the second largest tractor manufacturer in India. The company released its progress report for the financial year 26(FY26), according to which the company has achieved the highest sales milestone in the company’s history with record sales of around 2,14,951 units.
Taaffe has ended its financial year on a strong note. The growth rate was 37.4% in March 2026, which was higher than the local growth of 29% in the month. Faster growth compared to industrial growth reflects Taffeta’s strong product range, strong relationship with farmers and steady demand in agricultural sectors.
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Local sales were the highest ever by the company, with both the company’s brands Massey Ferguson and Eicher Tractors registering record sales. Taaffe’s exports also fared well, with 12,584 tractors sold in the international market underlining the company’s global presence and diversified growth strategy. To meet the demand of local market and export, Taffeta’s production plant is fully operational throughout the year. Capacity expansion is being evaluated by the company and appropriate steps will be taken by the company to meet future increasing demand and maintain its leadership in the global tractor industry.
Speaking on this progress, Tafeche, Vice Chairman, Dr. Lakshmi Venu said, “This year has been very positive for the tractor industry as well as the century in the country. Along with good weather, reduction in GST by the government has also given relief to the agricultural sector.
Currently, a good trend can be seen. Due to which the technology is seen to be spreading rapidly in the rural areas. A positive change was observed this year as the number of farmers using the system for the first time increased as the technology became available to small farmers. This not only increased agricultural productivity but also boosted the income of farmers across the country. Our mission at Taffey is to provide modern options to our customers in this sector as soon as possible and it is this mission that has enabled us to perform well in the market this year. “
While the current geopolitics and war-induced supply chain instability add to global uncertainty and inflationary pressures, and all this impacts on input costs, the Indian agriculture sector remains fundamentally resilient. Looking ahead, Taffey is optimistic about the medium-term outlook based on continued adoption of mechanization, demand for change, expansion of tractors and implements and gradual improvement in export markets. Tafela is confident of maintaining its growth momentum.
What is tafe?
TAFE – Tractors and Farm Equipment Limited, is a leading Indian tractor manufacturing company established in 1960 in Chennai, India. As one of the world’s largest tractor manufacturers and India’s second largest in terms of production, TAFE sells more than 200,000 tractors annually. TAFE has earned the trust of customers worldwide through its range of products known for high quality and low operating costs. A strong distribution network of over 1,600 dealers effectively supports TAFE’s four iconic tractor brands – Massey Ferguson India, Tafe Tractors, Eicher Tractors and IMT. TAFE exports its tractors to more than 80 countries in Asia, Africa, Europe, America and Russia, helping the agricultural sector there.
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