India Mahindra doing due diligence on Ford brands-FT

Newswire

MUMBAI, Aug 30 (Reuters) - India's Mahindra & Mahindra Ltd is doing due diligence on Ford's Jaguar and Land Rover units, the Financial Times said on Thursday, citing people close to the situation. Mahindra was more interested in utility maker Land Rover, but Ford planned to bundle the sale of Land Rover together with luxury marque Jaguar, the FT reported. "Terms of a deal would very likely prevent the spinning off of Jaguar," the paper said. Some Indian newspapers have also said ...

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