Tatas acquire Land Rover and Jaguar

It was a red letter day in the history of Indian company acquisitions. Tata Motors was selected the preferred bidder to acquire two British iconic Car manufacturers Land Rover and Jaguar. The trade unions of the two companies and Ford, the current owner of these two approved Tata Motors keeping in mind the history and creditability of the companies by looking back at the history.

According to the agreement, Ford will continue to provide vehicles components and other technologies to keep these two heritage car companies alive and going on. The lives and employment of thousand of workers are at stake and after acquisition, hopes have rekindled of the better days amongst the employees.

The deal costs Tata $2.3 billion, one of the biggest acquisition made by an Indian company abroad, after successful acquisition of Tetley Tea brand by Tata’s. Indian multinationals are stepping forward to make their presence felt all over the world, the results are quite exciting. Until now India was viewed as a third world country which was not capable of even starting technological advanced plants. After this acquisition India showcases itself as a strong market force which cannot be ignored.

So finally summing up, after IT sector its the chance of automobile sector to showcase its strength in the International market. Hope this trend continues.