With the sale of Jaguar and Land Rover drawing to a close two of the remaining three bidders have come under fire recently because of fears they could be mismatched with the British luxury labels. The two companies are India’s Tata Motors and Mahindra & Mahindra (M&M), manufacturers of econo-cars and utilities.
A partner from former bidder Ripplewood Holdings, Thomas Stallkamp, has even gone so far as to question the logic of either of these Indian firms purchasing Jaguar or Land Rover. During a recent interview with Reuters, Stallkamp said “I don’t understand how a company that’s going to make cars for $2,000 can sell cars for $120,000,” in reference to Tata and its upcoming minicar.
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