The Swaraj 724 FE is powered by a four-stroke, two-cylinder direct injection diesel engine with a horsepower output of 25. Its engine produces 114 Nm of torque and has a displacement of 1823 cc. The tractor engine produces 1800 RPM. It has two elements: a dust unloader and a dry-type air cleaner. It also has a water-cooled cooling system. It has eight forward and four reverse speed gears, providing a variety of speed options depending on the situation.

The tractor's PTO speed is 540, 540 E. The Swaraj 724 FE 4WD's lower link ends are capable of lifting 750 kg and feature live hydraulics with ADDC. It has an automatic draft control feature to ensure uniform depth and a position control feature to keep the lower links at any desired height. It also has a 3-point linkage that is compatible with Category I and II implements. It also functions as a transport lock and features an isolator valve for controlling a remote cylinder. In 2024, the price of the Swaraj Tractors 724 in India ranges between Rs. 4.75 Lakh* and 5.05 Lakh*.