tata motors

The Indian automaker’s onshore listed company launches an inaugural $750m dual-tranche bond, making use of the country’s recent relaxation of withholding tax policy.

The Indian carmaker battles with flagging sales at home, but Jaguar Land Rover is running full throttle.

Tata Motors announces the completion of a $518 million eight-year amortising loan from the European Investment Bank to its Jaguar Land Rover unit.

The fixed-price transaction by Indian car and truck manufacturer Tata Motors comes a day after Larsen & Toubro completed a similar combined deal comprising a QIP and a CB.

The Indian company clinches the long-running deal in which Ford will net around $1.7 billion and then continue to provide parts and technology to Tata.

Ford says Tata Motors is a frontrunner in the bid to buy its Jaguar and Land Rover businesses, suggesting the Indian group is set to chalk up more ambitious cross-border M&A deals in 2008.