Mahindra Farm Equipment raises growth forecast to 6-6.8% for FY25, eyes 16% tractor market growth in H2, ET Auto

Mahindra Farm Equipment, a part of Mahindra and Mahindra’s agriculture industry arm, expects 6-6.8% growth for FY 2025. The company showcased prototypes of alternative fuel tractors such as CNG, CBG, and LNG but is not looking to launch electric tractors. Despite global challenges, the company maintained its position as India’s largest tractor manufacturer with a 42.5% market share. The rise in tractor industry growth is attributed to a good monsoon and government focus on rural development, with M&M expecting 15-16% growth in the second half of FY 2025. The company reported stable sales despite international challenges and internal issues like inflation in Turkey and US market decline.