Tata Motors Ltd.’s (TTM) acquisition of Jaguar Land Rover (JLR) from Ford for $2.3 billion in 2008 was a great purchase. It may not go down in the corporate history books as best billion dollar acquisition ever, but Tata Motors got a deal. As you’ll recall, Ford was a little desperate to shed assets and raise cash around that time. Since the acquisition, Tata Motors has basically run JLR as an independent wholly-owned subsidiary. JLR distributes its vehicles through an independent dealership network with 1,600 retailers globally.
Historical Revenue and Profits
Since the