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India’s Tata and M&M mull Jaguar and Land Rover bid

India’s Tata and M&M mull Jaguar and Land Rover bid

Kenneth Hall July 19th, 2007 Kenneth Hall By Kenneth Hall Author July 19th, 2007
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December 31st, 1969 Indian carmaker Tata Motors and tractor manufacturer Mahindra & Mahindra are reportedly considering a bid for Jaguar and Land Rover in a deal estimated at roughly $1.5 billion. According to analysts, Tata is in negotiations with Fiat surrounding a deal to finance the bid for the British marques. The two carmakers are already in a joint-venture to produce Fiat cars in India, reports the Economic Times, and Fiat was also rumoured to be interested in acquiring Jaguar’s RWD architecture and Land Rover’s SUV platforms. There’s also talk that one of a number of private equity firms could team with Tata as well, but we’ll have to wait until Ford makes its official announcement, which is due any day now. According to sources, Tata has instructed several merchant bankers to evaluate the possibility of a joint offer for Jaguar and Land Rover, and both Tata and M&M have recently signed confidentiality agreements.
India’s Tata and M&M mull Jaguar and Land Rover bid

India’s Tata and M&M mull Jaguar and Land Rover bid

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Indian carmaker Tata Motors and tractor manufacturer Mahindra & Mahindra are reportedly considering a bid for Jaguar and Land Rover in a deal estimated at roughly $1.5 billion. According to analysts, Tata is in negotiations with Fiat surrounding a deal to finance the bid for the British marques. The two carmakers are already in a joint-venture to produce Fiat cars in India, reports the Economic Times, and Fiat was also rumoured to be interested in acquiring Jaguar’s RWD architecture and Land Rover’s SUV platforms.

There’s also talk that one of a number of private equity firms could team with Tata as well, but we’ll have to wait until Ford makes its official announcement, which is due any day now. According to sources, Tata has instructed several merchant bankers to evaluate the possibility of a joint offer for Jaguar and Land Rover, and both Tata and M&M have recently signed confidentiality agreements.

Tags: Industry

Posted in: Jaguar, Land Rover, News


Comments (3 total)

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  1. By Lucky #1, Posted: 7/19/2007

    It is evident that new global scenarios are ready to be....having ex-outsiders company an important new role in the automotive business! It is very interesting.

    http://www.lucianobove.blogspot.com

  2. By HECTOR #2, Posted: 7/19/2007

    So this is what FMC can do with two old and revered marques...

  3. By 5cents #3, Posted: 7/19/2007

    Taking over Land Rover or Jag would be a revelation for TATA of M&M in terms of tech transfer. Good move from their point of view. As for Jag and Land Rover, they could probably use the cash infusion but I suspect, would begin to move in different directions. Agreed, would be fascinating to see what happens if it goes through...

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