Tag Archives: land rover

Tata buys Jaguar and Land Rover for $2.3bn

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Indian TATA motors secured Jaguar and Land Rover by buying British luxury icons from Ford Motor Company for $2.3 billion, less than half what it paid in 1989 and 2000 respectively.

Ford acquired Jaguar in 1989 for $2.5 billion and Land Rover in 2000 for $2.73 billion as part of a European-luxury strategy it began by buying Aston Martin in 1987. It sold Aston last year, according to bloomberg.

ICRA assigns highest credit rating (A1+) to Tata Motors Finance

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Indian rating agency ICRA assigned highest credit quality rating (A1+) to Tata Motors Finance Ltd’s Rs 2,000 crore short term debt.

Earlier in this January ICRA had placed the company’s long-term and short-term ratings on negative watch.

Since Tata emerged as the preferred Jaguar and Land Rover acquisitions bidder, business and financial risk profile of the company is at high stake.