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In 2008 Tata Motors, an Indian automaker wanted to expand its product portfolio and diversify its market base. It acquired the two iconic British brands Jaguar and Land Rover from the American automaker Ford Motor Corporation. This acquisition gave the company access to premium cars, a chance to add two iconic luxury brands to its stable and a global footprint. It gave struggling Ford a chance ...
Jun 2, 2018 · It was on June 2, 2008 that Tata Motors acquired the Jaguar Land Rover businesses from Ford Motor Company for a net consideration of US $2.3 billion (Rs 9,200 crore), as first announced on March ...
Jun 2, 2008 · Debasis Ray. Head (Corporate Communications) Tata Motors Limited. Phone: 00 91 22 66657209; E‑Mail: debasis.ray@tatamotors.com. www.tatamotors.com. Tata Motors today acquired the Jaguar Land Rover businesses from Ford Motor Company for a net consideration of US $2.3 billion, as announced on March 26, in an all‑cash transaction.
Mar 25, 2008 · Tata Motors is now in the luxury car and truck business—finally—with a signed agreement to buy the Ford Motor Company’s Jaguar and Land Rover brands for $2.3 billion.
Mar 14, 2024 · The two brands were however suffering losses often resulting in closure of few manufacturing plants and heavy cut in workforce. The Deal. On March 26, 2008, Tata Motors entered into an agreement with Ford for the purchase of Jaguar and Land Rover. Tata Motors agreed to pay US$ 2.3 billion in cash for a 100% acquisition of the businesses of JLR.
Mar 10, 2018 · JLR was going through a rough patch. Tata bought Jaguar and Land Rover in all-cash transaction of $2.3 billion from Ford in June 2008. Nearly half of what Ford Motor paid to acquire both brands. At that time JLR's retro designs was getting outdated, and competing with new efficient diesel engines was just making the British carmaker redundant.
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Jan 18, 2024 · 5 min read. ·. Jan 18, 2024. --. Embarking on a journey that echoes the spirit of Indian prowess, Tata Group’s acquisition of Jaguar and Land Rover in 2008 was not just a business move; it was ...
