Good monsoon, GST rate cut, Chaitra Navaratri festival in March to drive record tractor sales of 1.17 mn units in FY26

India's tractor sales are projected to reach an unprecedented 1.17 million units in FY26, driven by favorable factors such as a robust monsoon season and a reduction in Goods and Services Tax (GST). The market has already witnessed a remarkable 21% growth in sales over the first ten months of the fiscal year. Analysts believe that the upcoming Chaitra Navaratri festival in March will further stimulate demand, as this period traditionally sees increased agricultural activity. The combination of improved weather conditions and fiscal incentives is expected to bolster the agricultural sector, making it an opportune time for farmers to invest in new machinery. This surge in tractor sales highlights the resilience of the agricultural economy in India, which plays a critical role in the country's overall economic landscape.