Tata Group Wants Ford’s Jaguar and Land Rover

Tata Group, the most enterprising corporation in India, recently expressed an interest in getting hold of the well-renowned Jaguar and Land Rover brands of Ford Motor Company.

Previous reports stated that the Tata Group had offered to buy Land Rover and Jaguar. Although it is not yet established that an actual bidding occurred between the two conglomerates, Chairman of Tata Group Ratan Tata finally broke public confusion about the Indian company’s business interest over the two Ford vehicle lines. According to Tata, the interest of Tata Group in obtaining the two Ford names rests upon two primary objectives: to trim down the company’s reliance on the Indian market and to boost the international standing of Tata Motors.

Ford Motor Company’s Executive Vice President Lewis Booth declared that Ford would pronounce a sale only after September. On the other hand, Ford is continuously discussing proposals with several companies, which made a bid for the two brands last month. According to those who know much about the biddings, large initial offers came from private firms such as Cerberus Capital Management, TPG, Cerberus Capital Management, and Ripplewood Holdings and One Equity Partners. Moreover, another dynamic Indian company, Mahindra & Mahindra, is reportedly one of the bidders.

Ford Motor Company shelled out $2.7 billion for Land Rover and $2.5 billion for Jaguar some years ago. For such great investments, they aim nothing but the finest standing for the two vehicle lines. The company aspires to achieve optimum sale of Land Rover and Jaguar by the end of this year. It also wants to assure that an exceedingly reputable corporation would be the one to successfully acquire Jaguar and Land Rover.