India's Tata, Mahindra may bid for Ford units-FT

Newswire

NEW YORK, July 26 (Reuters) - Tata Motors , India's third-largest carmaker, is expected to appoint investment bankers soon to advise on its proposed bid for Ford Motor Co.'s Jaguar and Land Rover units, according to the Financial Times, which cited bankers in Mumbai. Mahindra & Mahindra , India's largest utility vehicle producer, is also expected to appoint an adviser in coming weeks to join in the bidding contest for the luxury automakers, the FT reported. (Reporting by Nick Zieminski)

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