Millat Tractors Limited (MTL) is exploring new international markets as sales to Afghanistan decline due to political instability. The company reported export volumes of 2,607 units in FY25, down from 2,761 units a year earlier, during a corporate briefing attended by Arif Habib Limited (AHL) on Tuesday.
MTL management said Afghanistan, a historically important export market, has seen reduced demand amid security concerns and strained relations with Pakistan’s Taliban-led government. To sustain and grow overseas sales, the company is now looking at Mexico, Africa, and potentially Sri Lanka.
Domestically, the company benefited from the government’s Green Tractor Scheme, which helped push October 2025 sales to 2,000 units. However, management cautioned that sustaining consistent month-on-month growth remains challenging. “The management expects some improvement next year,” the AHL report noted.
Competition from new entrants, such as Belarus tractors, is not expected to significantly affect MTL, which currently holds a 65% market share in the local tractor segment.
Established in 1964, Millat Tractors manufactures and sells tractors, diesel generating sets, prime movers, diesel engines, and forklift trucks. The company also provides implementation and support for Industrial and Financial System (IFS) applications domestically and internationally. As of June 30, 2024, MTL has an annual production capacity of 30,000 tractors on a double-shift basis.
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