Posts Tagged ‘automobiles’
TATA buys Jaguar and Land Rover
I am not going to go much into the detail how TATA motors bought Jaguar and Land Rover. I actually don’t care much about it. But the point I wanted to make was how cool the deal was. I mean look at it an Indian company owning two most recognized automobile brand. This is definitely more amazing than someone wasting as much money as India’s GDP to get some cars running. More on that topic later.
The deal was of around $ 2.3 billion which comes to around Rs. 9,300 crore. That is a huge amount considering that the company who bought these was a Indian company. They own all the intellectual property rights and factories which come under Jaguar and Land Rover. It seems they went with some agreement with the Ford Motor Corporation over this. That means they get the 3 factories owned by Jaguar and also 1500 workers with it. The Deal would officially be completed by the start of the next quarter.
Exciting thing here is that TATA, has now shown the world that India’s automotive companies’ capabilities are much higher and better than what the other countries expect. From what I see TATA may continue the manufacture of Jaguar and Land Rover in their respective factories and use the design ideas to build India specific cars. Importing the cars to India would be a costly affair which may be done for the rich and elite class in India.