Tata Motors may acquire Jaguar, Land Rover

SKY IS THE LIMIT: Ratan Tata controlled Tata Motors is mulling a takeover of Jaguar and Land Rover.

ibnlive.com is on mobile now. Read news, watch videos
be a Citizen Journalist. Log on to m.ibnlive.com NOW!

Related Stories

Top Headlines

Top Videos

Most Popular

• Time for Mamata to walk the Budget talk 

• I have done everything for all the states: Mamata 

• Mamata's Budget express chugs in with goodies 

• NO INCREASE IN PASSENGER FARES, FREIGHT TARIFF 

• Top bosses fly high as AI struggles to survive 

• North Korea fires two more missiles again 

• Lalu, Mamata are not on the same track 

• Watch: Aam aadmi rates Rail Budget 2009 

• Popular demands met, slew of sops in Rail Budget 

• Sarah Palin to step down as Alaska governor: Report  

• I have done everything for all the states: Mamata 

• Watch: Lalu determined to derail Mamata express 

• Cabinet split over order legalising homosexuality  

• Watch: People don Pranab Mukherjee's role 

• PM gives thumbs up to Mamata's Budget 

• Watch: Aam aadmi rates Rail Budget 2009 

• Watch: B-school students' Budget wishlist 

• CEO Speak: Healthcare sector wants industry status 

• Indians want FM to re-introduce standard deduction 

• For Delhi Daredevils fans it's football in off season 

• Masand's Movie Review: Kambakkht Ishq vulgar, offensive 

• I have done everything for all the states: Mamata 

• Cabinet split over order legalising homosexuality  

• Top bosses fly high as AI struggles to survive 

• Masand's Movie Review: Ice Age 3 enormously entertaining 

• Roddick knocks out Murray, to face Federer in final 

• Rajeev's Recco: AR Rahman: The Musical Storm 

• Time for Mamata to walk the Budget talk 

• Dhoni wins India a thriller | Score | Pics 

• Vikram Seth on A Suitable Girl, homsexuality 

Photogallery

Find us on Facebook | Join IBNLive community

Stay ahead with G-Talk Buddy | Click now!

New Delhi: India’s largest conglomerate Tata Group is in the early stages of evaluating a bid for the Jaguar and Land Rover brands which, if completed, would rank among India's biggest overseas takeover deals, The Daily Telegraph reported Wednesday .

Tata Motors, which is controlled by Ratan Tata, India's best-known businessman, is understood to have instructed advisers to begin evaluating the merits of a joint offer for Jaguar and Land Rover, which have been earmarked for disposal by struggling American car giant Ford. Analysts suggest that Jaguar and Land Rover may fetch about USD 1.5 billion.

Sources told CNN-IBN that Tata Motors' evaluation of a bid was at an "exploratory" stage and that speculation is rife that Tata Motors has already signed a confidentiality agreement with Ford in recent days.

Ratan Tata having acquired British steel company Corus through his Tata Steel business for £6.7 billion earlier this year, is now looking forward to India's biggest foreign takeover.

The group's automotive unit has been drawing up plans to launch the world's cheapest car, a Rs 1 lakh economy vehicle that could be launched as early as next January. Besides Tata, other car makers may be interested in bidding, while a formal auction would also be likely to attract private equity firms. Cerberus, the US buyout firm, acquired Chrysler this year for just under $7.5bn.

With excerpts from The Daily Telegraph