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Saturday, June 07, 2008

Please note:Tata Motors and Mahindra

Here's what autoblog has to say[must add this is the general perception in the western world now]

"Got an automotive brand to sell? It doesn't matter how it's performing in the marketplace, whether its products are outdated or just not popular in the present buying climate. If you've got one, an Indian automaker wants to buy it."

Part of this phenomenon is because of the over-enthusiastic Indian media too.Autoblog have also reported that it is Mahindra and Tata who have approached GM with their offer when it was the other way round.Merchant bankers on behalf of General Motors have actually contacted the Indian manufacturers.Autoblog should have been a bit more responsible before reporting facts.

Mahindra and Tata already are not showing as much interest in the hummer deal as with the landrover+jaguar one.In all probability both are going to give this deal a miss.

While it is credit that Indian manufacturers are considered good enough to turn around lemons like Hummer a little bit of PR on the part of these two brands would actually help.Remember they want to become global players.

The autoblog link:

REPORT: Tata and Mahindra interested in HUMMER

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