Acquisition Of Jaguar & Land Rover By Tata Motors
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Acquisition of Jaguar & Land Rover BY Tata Motors
A presentation By Dileep pandey MBA-IInd semeste
Tata Motors Limited
Founded Founder(s) Headquarters Key people
1945 JRD Tata Mumbai, India Ratan Tata, Chairman
Products
Automobiles and Engines
Revenue
▲ INR Rs. 74151 Crs (2009)
Net income
▼ INR Rs. 2505 Crs (2009)
Parent Subsidiaries
Website
Tata Group Jaguar Cars Land Rover Tata Daewoo Commercial Vehicle Hispano Carrocera Rover Daimler Lanchester TataMotors.com
•
Tata Motors Limited is a multinational corporation headquartered in Mumbai, India. Part of the Tata Group, it was formerly known as TELCO (TATA Engineering and Locomotive Company).
•
It is India's largest company in the automobile and commercial vehicle sector, and a midsized player on the world market
•
Tata Motors is a dual-listed company traded on both the National Stock Exchange(where it is a component of the Sensex index), as well as on the New York Stock Exchange. (history)
Jaguar Cars Limited
Type Founded
Private Limited Company 4 September 1922 (as Swallow Sidecar Company)
Founder(s)
Sir William Lyons
Headquarters
Coventry, England
Key people
Ratan Tata, Chairman David Smith, CEO Mike O'Driscoll, Managing Director
Industry
Automotive
Products
Automobiles
Owner(s)
Tata Motors, Ltd.
Employees Website
10,000[1] Jaguar.com
Jaguar Cars Ltd., better known simply as Jaguar, is a British luxury car manufacturer, headquartered in Coventry, England. Jaguar was founded as the Swallow Sidecar Company by Sir William Lyons in 1922, originally making motorcycle sidecars before switching to passenger cars. The name was changed to Jaguar after World War II due to the unfavourable connotations of the SS initials. Jaguar cars are designed in an engineering centre at their headquarters in Coventry, England and are manufactured in one of three English Jaguar plants; Castle Bromwich in Birmingham, Halewood near Liverpool and Gaydon in Oxfordshire.(history)
Leading News • On 1 January 2008, Ford made a formal announcement which declared Tata as the preferred bidder. • It is now official that ford has handed over the rights to both brand to TATA MOTORS. • Tata motors has eventually paid USD 2.3 billion in cash while ford has contributed USD 600 million to the jaguar Land rover pension plan
On 1 January 2008, Ford made a formal announcement which declared Tata as the preferred bidder. Tata Motors also received endorsements from the Transport And General Worker's Union (TGWU)-Amicus combine as well as from Ford. According to the rules of the auction process, this announcement would not automatically disqualify any other potential suitor.
However, Ford (as well as representatives of Unite) would now be able to enter into more focused and detailed discussions with Tata to iron out issues ranging from labour concerns (job security and pensions), technology (IT systems and engine production) and intellectual property, as well as the final sale price. Ford would also open its books for a more comprehensive due diligence by Tata. On 18 March 2008, Reuters reported that American bankers Citigroup and JP Morgan shall be underwriting a loan of USD 3 billion in order to finance the deal.[24]
Challenges… JLR’s acquisition appeared negative for tata motors, as it had increased the earnings volatility, given the difficult economic condition in the key markets of JLR including the US and Europe Tata motors had to incur a huge capital expenditure as it planned to invest another US$ 2.3 billion it had spent on the acquisition
Benefit of this acquisition • Tata motors was interested in acquiring JLR as it would reduce the company dependence on the Indian market which accounted for 90% of its sales. • The company was of the view that acquisition would provide it with the opportunity to spread its business across different customer segment.
Exhibits of this acquisition • • • • • •
International acquisition by Tata group Assets and liabilities—jaguar and land rover Jaguar and land rover worldwide sales Jaguar and land rover financial performance Tata motors –stock market charts Jaguar and land rover new products pipe line
A presentation By Dileep pandey MBA-IInd semeste
Tata Motors Limited
Founded Founder(s) Headquarters Key people
1945 JRD Tata Mumbai, India Ratan Tata, Chairman
Products
Automobiles and Engines
Revenue
▲ INR Rs. 74151 Crs (2009)
Net income
▼ INR Rs. 2505 Crs (2009)
Parent Subsidiaries
Website
Tata Group Jaguar Cars Land Rover Tata Daewoo Commercial Vehicle Hispano Carrocera Rover Daimler Lanchester TataMotors.com
•
Tata Motors Limited is a multinational corporation headquartered in Mumbai, India. Part of the Tata Group, it was formerly known as TELCO (TATA Engineering and Locomotive Company).
•
It is India's largest company in the automobile and commercial vehicle sector, and a midsized player on the world market
•
Tata Motors is a dual-listed company traded on both the National Stock Exchange(where it is a component of the Sensex index), as well as on the New York Stock Exchange. (history)
Jaguar Cars Limited
Type Founded
Private Limited Company 4 September 1922 (as Swallow Sidecar Company)
Founder(s)
Sir William Lyons
Headquarters
Coventry, England
Key people
Ratan Tata, Chairman David Smith, CEO Mike O'Driscoll, Managing Director
Industry
Automotive
Products
Automobiles
Owner(s)
Tata Motors, Ltd.
Employees Website
10,000[1] Jaguar.com
Jaguar Cars Ltd., better known simply as Jaguar, is a British luxury car manufacturer, headquartered in Coventry, England. Jaguar was founded as the Swallow Sidecar Company by Sir William Lyons in 1922, originally making motorcycle sidecars before switching to passenger cars. The name was changed to Jaguar after World War II due to the unfavourable connotations of the SS initials. Jaguar cars are designed in an engineering centre at their headquarters in Coventry, England and are manufactured in one of three English Jaguar plants; Castle Bromwich in Birmingham, Halewood near Liverpool and Gaydon in Oxfordshire.(history)
Leading News • On 1 January 2008, Ford made a formal announcement which declared Tata as the preferred bidder. • It is now official that ford has handed over the rights to both brand to TATA MOTORS. • Tata motors has eventually paid USD 2.3 billion in cash while ford has contributed USD 600 million to the jaguar Land rover pension plan
On 1 January 2008, Ford made a formal announcement which declared Tata as the preferred bidder. Tata Motors also received endorsements from the Transport And General Worker's Union (TGWU)-Amicus combine as well as from Ford. According to the rules of the auction process, this announcement would not automatically disqualify any other potential suitor.
However, Ford (as well as representatives of Unite) would now be able to enter into more focused and detailed discussions with Tata to iron out issues ranging from labour concerns (job security and pensions), technology (IT systems and engine production) and intellectual property, as well as the final sale price. Ford would also open its books for a more comprehensive due diligence by Tata. On 18 March 2008, Reuters reported that American bankers Citigroup and JP Morgan shall be underwriting a loan of USD 3 billion in order to finance the deal.[24]
Challenges… JLR’s acquisition appeared negative for tata motors, as it had increased the earnings volatility, given the difficult economic condition in the key markets of JLR including the US and Europe Tata motors had to incur a huge capital expenditure as it planned to invest another US$ 2.3 billion it had spent on the acquisition
Benefit of this acquisition • Tata motors was interested in acquiring JLR as it would reduce the company dependence on the Indian market which accounted for 90% of its sales. • The company was of the view that acquisition would provide it with the opportunity to spread its business across different customer segment.
Exhibits of this acquisition • • • • • •
International acquisition by Tata group Assets and liabilities—jaguar and land rover Jaguar and land rover worldwide sales Jaguar and land rover financial performance Tata motors –stock market charts Jaguar and land rover new products pipe line
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