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  • Tata, M&M may revise Jaguar, Land Rover bids (Business Standard 11th Dec 2007)Tata Motors and Mahindra and Mahindra (M&M) are close to submitting revised bids for acquiring the Jaguar and Land Rover brands. One Equity Partners, a private equity firm, is the other bidder. However, it is not known whether One Equity will also follow suit. According to sources close to the developments, the two Indian companies may revise their bids to $2.2 billion in the higher end of the band. An analyst from Merrill Lynch had valued the two companies at $1.5 billion.
  • Another marriage of frugal engg with high tech (The Hindu Business Line 11th Dec 2007)
    It is yet another marriage of frugal engineering with high technology. The joint venture announced on Monday between Swedish multinational, Volvo A.B., and Eicher Motors follows the same pattern as three other partnerships that were forged in the recent past — Ashok Leyland-Nissan Motors, Mahindra & Mahindra- ITEC, and Force Motors-MAN A.G.
    The mantra behind these joint ventures was efficient, low-cost manufacturing using high-end global technology and the Volvo-Eicher tie-up is no different. For Volvo, Eicher was the best and possibly, only effective pick available in the high potential commercial vehicles market, already the fourth largest in the world.
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