Indian Automakers Join Race for Jaguar and Land Rover

27 July 2007

MUMBAI: Indian automakers are lining-up as potential bidders for the Ford Motor Company's European luxury car marques Jaguar and Land Rover.

Investment bankers are to be appointed by India's third-largest carmaker, Tata, to advise on its offer, while utility vehicle giant Mahindra & Mahindra is also seeking to join the bidding process.

The pair will be up against a raft of private equity firms also hoping to snap up the Ford units. The automaker is looking for offers around $3 billion (€2.18bn; £1.46bn) for the brands.

Data sourced from Financial Times online; additional content by WARC staff