M&M Raises 2025-26 Tractor Sales Growth Guidance to Low Double Digits

Mahindra & Mahindra Ltd. has raised its tractor segment sales growth guidance for 2025-26, to low double digits from the earlier projection of mid-single digits, citing favourable monsoon conditions, healthy reservoir levels, and a reduction in goods and services tax rates.

At its September-quarter earnings press conference, the company’s senior management said a good monsoon and lower GST rates have improved prospects for the rural economy, adding that its automobile business is expected to perform reasonably well in November.
The company noted that logistics challenges and disruptions arising from the GST rate transition had some impact on overall growth in the September quarter.