M&M outpaces industry with 10.5% Q1 growth, gains market share across segments, says Siddhartha Khemka

M&M outpaced India’s tractor industry with 10.5% Q1FY26 volume growth, expanding market share to 45.2% across all HP segments. Strong demand in 41–50HP tractors, regional gains in East and West India, and a robust product pipeline position the company for sustained growth through FY27.

​M&M outpaced India’s tractor industry with 10.5% Q1FY26 volume growth, expanding market share to 45.2% across all HP segments. Strong demand in 41–50HP tractors, regional gains in East and West India, and a robust product pipeline position the company for sustained growth through FY27.