Tata and Mahindra seen revising bids for Jaguar
Enlarge image MUMBAI (Reuters) - India’s Tata Motors
Their earlier bids for the luxury brands were in the range of $1.8-$2.0 billion (880,000-977,517 pounds), and the companies had now bid higher, the TV channel said, without specifying details.
A Tata group spokesman declined comment, while a Mahindra spokesman did not immediately return a call seeking comment.
Local newspapers last week had reported final bids in the
range of $1.5-$2.2 billion had been placed by Tata Motors,
Mahindra and Apollo, as well as JP Morgan-backed
Ford has said it could announce the sale of Jaguar and Land Rover, which a Merrill Lynch analyst had valued at up to $1.5 billion, by the year-end or early next year.
(Reporting by Rina Chandran; Editing by Mark Williams)
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MUMBAI (Reuters) - India’s Tata Motors
Their earlier bids for the luxury brands were in the range of $1.8-$2.0 billion (880,000-977,517 pounds), and the companies had now bid higher, the TV channel said, without specifying details.
A Tata group spokesman declined comment, while a Mahindra spokesman did not immediately return a call seeking comment.
Local newspapers last week had reported final bids in the
range of $1.5-$2.2 billion had been placed by Tata Motors,
Mahindra and Apollo, as well as JP Morgan-backed
Ford has said it could announce the sale of Jaguar and Land Rover, which a Merrill Lynch analyst had valued at up to $1.5 billion, by the year-end or early next year.
(Reporting by Rina Chandran; Editing by Mark Williams)
© 2008 Reuters Click for restrictions
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