It doesn't seem that anyone else has shown interest in Jaguar or Land Rover – some rumored suitors have outright denied any interest – but Indian industry giant Ratan Tata is contemplating adding the luxury marques to his Tata Motors unit. Tata has set his advisory bloodhounds after the business case of making Ford an offer for the brands, which could fetch $1.5 billion together.
It seems antithetical considering Tata Motors push to develop the world's cheapest car with a $2,500 price tag. The last Land Rover we drove was thirty-eight times that expensive. It would certainly be a nice property for the conglomerate Tata Sons, parent to the automaking concern, to take on. There are more and more folks worldwide newly flush with cash and looking for cars with some curb appeal. No word has been forthcoming from Tata, rumored to have signed a confidentiality agreement with Ford recently, and Ford also offered no comment.
Thanks for the tip, Raj!