While the sale of the Jaguar and Land Rover has not been completed yet, Tata is preparing to make major changes at the companies. According to sources speaking with InsideLine, Tata purchased a 450-acre swath of land in Gurgaon, outside of New Delhi, for the explicit purpose of building Land Rovers. The source said that "... Jaguar will be spun off almost immediately."
British labor unions supported Jaguar’s sale to Tata over rival bids from Indian automaker Mahindra & Mahindra and an American private equity firm. Both companies could eventually attempt to buy Jaguar from Tata should these reports become true.
Ford announced Tata Motors was the preferred buyer of Jaguar and Land Rover back in January and the sale could be completed in the next few weeks.
