According to PTI, the two Indian front-runners, Tata Motors and Mahindra & Mahindra, are holding bids of $2.05 billion and $1.90 billion respectively. Private equity firm OneEquity is still in the running but it is believed that Ford prefers an established automotive company to take over the iconic British brands.
The New York Times however has reported that a decision could be made in the next few days, so all we can do for now is just wait and see.