Tata - Indian automotive company aims high
Indian automotive firms are in fact getting lofty. India’s major auto company, Tata Motors, is aiming at Land Rover and Jaguar, which are a division of Ford Motors. If Tata’s flourish in this proposal, it would emerge as India's largest firm to take-over foreign deals.
Ford Motors is planning to give-away Jaguar and Land Rover, for which the country’s biggest automobile manufacturer (Tata) is directing its consultants to evaluate the virtues of a joint venture. Regarding this deal Tata’s have turned tight-lipped. The Telegraph said, “Tata Motors' evaluation of a bid was at an 'exploratory' stage and may not lead to a formal bid for the two brands”.
Earlier this year Tata Steel also bought Anglo-Dutch steel company Corus, which obviously widened its business. Though the other major companies are involved in this rat-race it is almost certain that in future Tata Motors will be parenting Ford’s children.
Ford Motors is planning to give-away Jaguar and Land Rover, for which the country’s biggest automobile manufacturer (Tata) is directing its consultants to evaluate the virtues of a joint venture. Regarding this deal Tata’s have turned tight-lipped. The Telegraph said, “Tata Motors' evaluation of a bid was at an 'exploratory' stage and may not lead to a formal bid for the two brands”.
Earlier this year Tata Steel also bought Anglo-Dutch steel company Corus, which obviously widened its business. Though the other major companies are involved in this rat-race it is almost certain that in future Tata Motors will be parenting Ford’s children.
Labels: Jaguar, Land Rover, rat-race, Tata aims to grab foreign deals
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