By the time you read this, there’s little doubt that Tata will have been announced as the new owner of two legendary, and quintessentially British, marques – Jaguar and Land Rover. At the moment, an official announcement is still awaited, but it appears to be a foregone conclusion. Nevertheless, as they say, ‘it’s not over until the fat lady sings’ – in this case the fat lady is the ailing Ford Motor Company, which is expected to announce the buyout in early 2008.
It’s a matter of great pride for our country that two Indian companies made it to the final round of bidding – Tata Motors and Mahindra & Mahindra. M&M recently pulled out of the race citing some last minute complications.