“The bids are competitive, and it will be a close call for [Ford],” the Economic Times cited unnamed sources as saying.
Another source, the Hindustan Times, said final bids were likely to be in the range of $1.7-$2.2 billion. “Ford is expected to consider these bids later next week,” it said, citing a source close to the transaction.
Ford, meanwhile, has previously stated it will announce the new owners by the end of this year or early next year.