Wednesday, September 02
New Delhi: Tata Motors Passenger Vehicles on Monday said its sales rose 26 per cent year-on-year to 59,199 units in November. The auto major dispatched 47,117 units to dealers in November last year. In the domestic market, the company said its sales rose to 57,436 units, up 22 per cent year-on-year as compared with 47,063 units. In a separate statement, Tata Motors, which houses the commercial vehicle business, reported a 29 per cent year-on-year increase in sales at 35,539 units in November. Domestic dispatches rose 25 per cent year-on-year to 32,753 units.
Indian buyers have secured large purchases of soybean oil for the four months to July, a rare move in anticipation of rising prices of rival palm oil. Traders have locked in more than 150,000 tons of South American soybean oil for each month from April to July 2026, said Aashish Acharya, vice president at Patanjali Foods Ltd., one of the country’s top vegetable-oil buyers. The unusual buying was driven by soy’s average $20- to $30-a-ton discount to palm during that period, he added. Soy oil typically trades at a premium to palm oil.The rush reflects market expectations that palm prices will rise on top producer Indonesia’s plans to blend more palm oil into biofuel starting in the second half of next year. Unlike soybean, sunflower, or rapeseed oil, palm is harvested year-round and is
