Tractor Sales March 2025: Mahindra Tractors Leads, 74,808 Units Registered
Full Vahan registration report for March 2025 — every major manufacturer ranked, with month-on-month and year-on-year change, segment share, fuel mix and the state-wise picture.
How March went
India's tractor market registered 74,808 vehicles in March 2025. Volumes slipped 6.0% against March 2024, and rose sharply 12.2% on February.
Year to date, 2,35,878 units have been registered across 3 months, −4.9% on the same stretch of 2024 (2,47,916). The segment accounted for 3.3% of every vehicle registered in India that month.
March is the fiscal year-end, when dealers clear stock and commercial buyers time purchases for the depreciation year.
Monthly tractor registrations, 2023–2026
One line per calendar year — the shape of the year, not just its total. The dashed end of the current year is the month so far.
Manufacturer scoreboard
Mahindra Tractors led the segment with 17,594 registrations, ahead of Swaraj (M&M) on 14,356 — a gap of 3,238 units, wider than the 2,781 it held in February.
John Deere grew fastest among the segment's biggest names at +4.1% year on year (5,803 units); TAFE had the hardest month of that group, down 21.7% to 7,163.
On share rather than volume — the number that decides who is actually winning — Escorts Kubota has added 0.92pp of the segment in 2025, while Kubota has given up 1.00pp.
Top 10 manufacturers, March 2025
Registrations in the month
Ranked by registrations in the month, with month-on-month and year-on-year change. Click a name for its full dashboard.
| # | Manufacturer | Mar 2025 | MoM | YoY | Share of tractors |
|---|---|---|---|---|---|
| 1 | Mahindra Tractors | 17,594 | +13.3% | −1.9% | 23.52% |
| 2 | Swaraj (M&M) | 14,356 | +12.7% | −0.8% | 19.19% |
| 3 | Sonalika (ITL) | 9,542 | +10.7% | −9.8% | 12.76% |
| 4 | Escorts Kubota | 7,686 | +16.8% | +1.7% | 10.27% |
| 5 | TAFE | 7,163 | +7.2% | −21.7% | 9.58% |
| 6 | John Deere | 5,803 | +16.9% | +4.1% | 7.76% |
| 7 | Eicher (VECV) | 4,706 | +11.3% | −12.7% | 6.29% |
| 8 | CNH Industrial | 3,052 | +12.2% | −8.7% | 4.08% |
| 9 | Mahindra | 1,229 | +13.7% | +17.8% | 1.64% |
| 10 | Kubota | 1,172 | +9.1% | −30.4% | 1.57% |
| 11 | John Deere | 932 | −11.6% | +11.1% | 1.25% |
| 12 | Gromax Agri Equipment | 305 | +4.8% | −5.0% | 0.41% |
| 13 | V.S.T. Tillers Tractors | 253 | +17.1% | −20.4% | 0.34% |
| 14 | Preet Tractors | 209 | +50.4% | +13.6% | 0.28% |
| 15 | Action Construction Equipment | 159 | +3.9% | −19.3% | 0.21% |
Registrations inside the segment only, counted with Vahan's own vehicle-class filter, so each number is that manufacturer's tractor volume. Companies that file electric models under a maker of their own (Tata, Mahindra) appear as separate rows.
Market share, year to date
Share is measured inside the segment itself — only tractor volume counts on either side of the ratio. Volume is full-year 2025. The comparison is against the whole of 2024.
Exact segment volume per manufacturer over full-year 2025, and the change in share against full-year 2024.
| # | Manufacturer | 2025 units | Share | vs full-year 2024 |
|---|---|---|---|---|
| 1 | Mahindra Tractors | 2,37,959 | 23.52% | +0.61pp |
| 2 | Swaraj (M&M) | 1,86,522 | 18.44% | +0.20pp |
| 3 | Sonalika (ITL) | 1,29,765 | 12.83% | −0.27pp |
| 4 | TAFE | 1,11,940 | 11.06% | −0.26pp |
| 5 | Escorts Kubota | 1,06,453 | 10.52% | +0.92pp |
| 6 | John Deere | 75,045 | 7.42% | +0.13pp |
| 7 | Eicher (VECV) | 63,508 | 6.28% | −0.39pp |
| 8 | CNH Industrial | 43,466 | 4.30% | +0.36pp |
| 9 | Mahindra | 13,689 | 1.35% | +0.04pp |
| 10 | John Deere | 11,075 | 1.09% | +0.02pp |
| 11 | Kubota | 8,995 | 0.89% | −1.00pp |
| 12 | V.S.T. Tillers Tractors | 4,066 | 0.40% | +0.05pp |
| 13 | Gromax Agri Equipment | 3,909 | 0.39% | +0.02pp |
| 14 | Captain Tractors | 3,286 | 0.32% | −0.17pp |
| 15 | Indo Farm | 2,016 | 0.20% | −0.02pp |
Fuel mix
Diesel accounts for 99.97% of the segment's registrations in 2025. Electric is at 0.02%, a move of +0.02pp on 2024 on volume of 219 units.
Tractor fuel mix, 2025
Share of segment registrations year to date
The full-year 2025 mix.
| Fuel | 2025 units | Share | vs full-year 2024 |
|---|---|---|---|
| Diesel | 10,11,452 | 99.97% | −0.01pp |
| Electric | 219 | 0.02% | +0.02pp |
| Petrol | 57 | 0.01% | −0.01pp |
| Other | 49 | 0.00% | 0.00pp |
| CNG / LPG | 1 | 0.00% | 0.00pp |
Share is of this report's own scope over full-year 2025, compared with the whole of 2024.
Where the demand is
Maharashtra was the largest market in full-year 2025 with 1,46,575 registrations, 14.5% of the segment's national total. Uttar Pradesh (1,37,668) and Rajasthan (1,22,165) followed. Maharashtra has gained the most ground, adding 5.20pp of the national total.
Segment registrations over full-year 2025, by state.
| # | State | Units | Share | vs full-year 2024 |
|---|---|---|---|---|
| 1 | Maharashtra | 1,46,575 | 14.5% | +5.20pp |
| 2 | Uttar Pradesh | 1,37,668 | 13.6% | −1.90pp |
| 3 | Rajasthan | 1,22,165 | 12.1% | −0.57pp |
| 4 | Madhya Pradesh | 1,17,118 | 11.6% | −1.13pp |
| 5 | Gujarat | 85,023 | 8.4% | −2.56pp |
| 6 | Karnataka | 61,940 | 6.1% | +0.24pp |
| 7 | Haryana | 46,859 | 4.6% | −0.11pp |
| 8 | Chhattisgarh | 46,347 | 4.6% | +0.06pp |
| 9 | Bihar | 37,495 | 3.7% | −0.11pp |
| 10 | Punjab | 36,548 | 3.6% | +0.30pp |
| 11 | Telangana | 33,306 | 3.3% | +0.12pp |
| 12 | Andhra Pradesh | 29,602 | 2.9% | +0.24pp |
Frequently asked questions
How many tractors were sold in India in March 2025?
Which company sold the most tractors in March 2025?
What is the tractor market share in India in 2025?
What share of tractors sold in India are electric?
Which state registers the most tractors in India?
Are these wholesale dispatches or retail sales?
Tractor sales, earlier months
More from the reports desk
Source. Every figure is a vehicle registration, taken daily from the Ministry of Road Transport & Highways' Vahan 4 dashboard (vahan.parivahan.gov.in) — the same source FADA and the industry use for retail data. Registrations are not the wholesale dispatch numbers manufacturers announce each month. "EV" means battery electric (Vahan fuels PURE EV and ELECTRIC(BOV)); hybrids are counted separately. Information only, not investment advice.
Using these numbers? Cite "Flash Finance (Vahan data)" with a link to this page. This report's chart card is free to republish with the same credit.
