Tata in battle with One Equity

Tata Group is set for a battle with One Equity, the private equity arm of American Bank J P Morgan over the Jaguar and Land Rover, the two British marques that has been put up for sale by Ford according to its policy of radical reshaping and to turn the company to profitability as it faces heathcare and pension cost and increase competition from foreign car makers. Earlier this year it sold Aston Martin and is expected to sell Volvo soon.
The second round bids for famous brands are due in on Monday and the competition is expected to narrow down to two. All the interested parties have toured the two company’s plants and seen the new Jaguar XF model that will go on sale in March and is regarded as crucial to marques’s future.