Indian business tycoon, Ratan Tata, has set eyes on a festive gift for himself. After a lo
t of speculation over Tata Group’s alleged intention in buying the Ford stable’s British brands; Land Rover & Jaguar, Ratan Tata confirmed that it was indeed true. In an interview to a private television channel, the Tata Group Chairman revealed that he ‘certainly has an interest in that’. The country’s third largest automaker had earlier declined the news. According to sources, Tata is not alone as he faces tough competition by India’s largest tractor company Mahindra & Mahindra along with several private equity firms including TPG, Cerberus Capital Management, Ripplewood Holdings & One Equity Partners. In 1989, Ford had bought Jaguar for $2.5 billion while eventually adding Land Rover to its portfolio for $2.7 billion.
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t of speculation over Tata Group’s alleged intention in buying the Ford stable’s British brands; Land Rover & Jaguar, Ratan Tata confirmed that it was indeed true. In an interview to a private television channel, the Tata Group Chairman revealed that he ‘certainly has an interest in that’. The country’s third largest automaker had earlier declined the news. According to sources, Tata is not alone as he faces tough competition by India’s largest tractor company Mahindra & Mahindra along with several private equity firms including TPG, Cerberus Capital Management, Ripplewood Holdings & One Equity Partners. In 1989, Ford had bought Jaguar for $2.5 billion while eventually adding Land Rover to its portfolio for $2.7 billion.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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