Tractor Sales in Pakistan Plunge to 22-Year Low in FY2024-25
Tractor sales in Pakistan have fallen to their lowest level in over two decades, reflecting challenges in the agriculture sector and weakening farm economics. According to data shared by Topline Securities, total tractor sales for the fiscal year 2024-25 stood at 29,192 units, marking the lowest volume since FY2002-03, when 26,832 units were sold.
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The significant drop is largely attributed to a decline in farm profitability, with wheat prices falling by 21% year-over-year in FY25. As a result, farmers have had less financial capacity to invest in new agricultural machinery, particularly tractors.
The country’s two leading tractor manufacturers both reported sharp declines:
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Millat Tractors: 18,580 units sold in FY25
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Al-Ghazi Tractors: 10,612 units sold in FY25
These figures represent the lowest annual sales for both companies in the past 22 years.
The downturn in tractor sales highlights broader concerns within the rural economy and suggests that supportive policies may be needed to revive demand and ensure sustainable agricultural growth.
