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Bloomberg
Jaguar Land Rover, the luxury unit of Tata Motors Ltd., is scouting for acquisitions of international automakers amid rising competition in the industry, people with knowledge of the matter said. The company has been holding internal discussions on buying other brands to diversify the range of vehicles it sells, the people said.
It will consider purchases of luxury marques that fit with its current portfolio, according to one of the people, who asked not to be identified because the information is private. JLR is also weighing purchases of technology companies that would boost the company’s efforts to roll out electric vehicles and autonomous driving systems, another person said.
A purchase would add to the $18 billion of acquisitions involving automotive manufacturers this year,
according to data compiled by Bloomberg.