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India's Tata, Mahindra may bid for Land Rover, Jaguar
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 Indian automakers Tata Motors and the Mahindra group are considering separate bids to buy luxury British car brands Jaguar and Land Rover from the struggling US carmaker Ford Motor Corp, says a report by AFP. Media reports have estimated the deal as worth around 1.3 billion to 1.5 billion dollars.
The Business Standard daily quoted unnamed sources as saying that India's biggest automobile company, Tata Motors, appointed advisors to evaluate a bid and signed a confidentiality agreement with Ford to access financial details of the two brands which have a combined British workforce of 19,000. Earlier this year, Tata Steel bought Anglo-Dutch steelmaker Corus for 13.7 billion dollars, India's biggest ever foreign takeover so far. The Economic Times reported that Mahindra and Mahindra, which formed a joint venture this year with France's Renault and Japan's Nissan, and is the leading tractor and utility vehicle maker, had also signed a confidentiality agreement with the US carmaker. Spokesmen for both Tata and Mahindra declined to comment.
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