The Massey-Ferguson 203 and 205 industrial tractors were first released in 1961. The 203 had a manual 6-speed gearbox and the 205 was equipped with a 4-speed and instant reverse torque converter transmission.

Both models shared the Perkins A-3- 152 diesel engine of 38hp, the rear axle assembly as used in the bigger Massey- Ferguson 65 with its disc brakes, hub reduction, and diff lock. The power steering was a solid front-axle beam with out track adjustment and heavy duty hubs for the front wheels.