South Asian Business news and information

Jaguar-Land Rover Bid is attracting a lot of media attention these days. Two of the three companies in the race are India. So, this will be perhaps the first major Indian acquisition in the global auto industry. The other day, I wrote a series of entries about the Jaguar-Land Rover Bid and I wrote that the fear of outsourcing of jobs might hurt Tata Motors prospect in the bid. It seems that I was wrong and today union leaders in UK supported Tata Motors.

Reuters reported:

Union leaders still preferred to stay as a part of Ford, but if a sale was decided, the workforce's best interests "would be served by finding a partner with an established presence and background in manufacturing", FT quoted the union as saying.

Union backing, while "not essential, is seen as important for the politically sensitive deal", the FT said, as Ford would remain a major employer in the UK even after it sells the two luxury brands, in which it may also remain a minority partner.

Of course, getting backing of union leaders is not the end of everything. Tata Motors still has a long way to go. What is nice to see is that Indian companies are becoming matured and they are becoming capable of operating in the global stage.

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