Market Share of India Agricultural Tractor Industry
The agricultural tractor market in India is consolidated and dominated by large global and domestic manufacturers, and farmers prefer trusted brands for quality assurance and better after-sales services. Mahindra & Mahindra Ltd, Tractor and Farm Equipment Ltd (TAFE), International Tractor Ltd, Escorts Limited, and John Deere India Private Limited are some leading players occupying the highest share in the market. These major players are investing in new products and improvisation of products, expansions, and acquisitions for business expansions. Another significant investment area is the focus on R&D to launch new products at lower prices.
India Agricultural Tractor Machinery Market Leaders
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Mahindra & Mahindra Limited
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John Deere India Private Limited
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TAFE Limited
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Escorts Group
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International Tractors Ltd (Sonalika)
*Disclaimer: Major Players sorted in no particular order
