Rove ahead Tata




Bankrupt British carmaker MG Rover is looking out for suitors after the Shanghai Automotive Industry Corp. (SAIC) deserted the company.

Probably Tata Motors, which does not hide its global aspiration, could commence the due diligence on the last remaining 'truly British' car brand.

Tata tea did pull off the Tetley buyout relatively unscathed and today promotes the world's second largest tea brand, after Unilever. On a similar tack, Ratan Tata could just extend Tata Motors acquisition spree, that transcends Korea and Spain now, to Britain.

Rover will come laden with debt no doubt, but it is a strong brand and given the Tata's disciplined approach and existing links with MG Rover through the Indica deal, the deal looks succelent.

Also, Tata's could draw a leaf out of Lakshmi Mittal's (Mittal Steels) books and bring in bankrupt but potential winners into their fold.