New Delhi, April 21 -- India's domestic tractor sales are expected to reach an all-time high of around 9.75 lakh units in fiscal 2026, marking a 3-5 per cent increase over the previous year, according to a report by CRISIL Ratings.

The report highlighted that this growth will be driven primarily by an expected above-normal monsoon, higher minimum support prices (MSPs) for key cash crops, and a steady rise in replacement and construction demand.

It said, "Monsoon boost to drive tractor volumes to new high of ~9.75 lakh units. Expected increase in crop MSP, replacement demand to support sales Domestic sales volume of tractors is set to hit an all-time high of ~9.75 lakh units in fiscal 2026".

The projected figure would surpass the previo...