Every month, we bring you a listing of the biggest deals struck by Indian companies in India and abroad. Our partner: global professional services firm Ernst & Young. Here are the deals that were struck in March 2008.
Deal particulars: Tata Motors has signed a definite agreement with Ford Motor Co. to acquire two of the world’s most exclusive auto brands, Jaguar and Land Rover, along with their plants and intellectual property rights. The $2.3-billion (Rs 9,200 crore) deal is expected to close by the end of the next quarter after receiving all regulatory compliances.
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Impact analysis: The deal gives Tata Motors access to the next level of technology, superior products and two premium legacy brands with a strong presence in the international markets. It also opens up a huge opportunity for Tata Motors to strengthen its foothold in the developed automotive markets. Tata Motors will now have the world’s cheapest car and some of the world’s most expensive brands in its stable.