Tata's Bid Means Hello to the Big Time

Summary


Tata's acquisition of Jaguar and Land Rover is part of the firm's strategy to break into developed markets around the globe, sources said last night.

The Indian industrial giant will be named as the preferred bidder for Jaguar and Land Rover tomorrow. Tata has had its pounds 1 billion bid accepted by Ford - which is selling the two luxury carmakers together - the employers of 13,320 people across the Midlands.

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Extract


Tata's Bid Means Hello to the Big Time

While Tata refused to comment on the sale yesterday, the firm did say it was keen to expand into other markets around the world.

A spokesman...

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