Indian carmaker Tata Motors and tractor manufacturer Mahindra & Mahindra are reportedly considering a bid for Jaguar and Land Rover in a deal estimated at roughly $1.5 billion. According to analysts, Tata is in negotiations with Fiat surrounding a deal to finance the bid for the British marques. The two carmakers are already in a joint-venture to produce Fiat cars in India, reports the Economic Times, and Fiat was also rumoured to be interested in acquiring Jaguar’s RWD architecture and Land Rover’s SUV platforms.
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