Keeping in background the return of Air India to the coveted Tata Group, let us see major acquisitions made by Tata’s in the past.
Crux of the Matter
Air India
Year: 2021
Sector: Aviation
Deal Amount: ~$2.4 billion
The acquisition marks the return of airlines to the Tata Group after 68 years of its nationalisation. With this, Tata Carrier will be the 2nd largest domestic market player after IndiGo.
Bigbasket
Year: 2021
Sector: E-Grocery
Deal Amount: ~1.5 billion - $2 billion
Tata acquired 64% stake, paving way for its upcoming all digital Super App. It competes with Walmart, Reliance Retail, etc.
1mg
Year: 2021
Sector: E-Pharma
Deal Amount: ~$240 million
This was another addition to its Super App. Rivals include Reliance owned Netmeds, Amazon Pharmacy, etc.
Jaguar Land Rover
Year: 2008
Sector: Automobiles
Deal Amount: ~$2.3 billion
The luxury cars were acquired from Ford Motors. At present, it is struggling to generate sustainable profits.
Corus Steel
Year: 2007
Sector: Steel
Deal Amount: ~$12 billion
It is one of the landmark deals for European steel business of Tata Group. Corus was the then 4x the size of Tata Steel.
Tetley
Year: 2000
Sector: Beverages
Deal Amount: ~$450 million
Tetley, which was merged with Tata Tea was 3x larger than the later. It has struggled to make its space amidst global likes of Pepsico and Coca Cola.
Curiopedia
The Tata Sierra was a three-door sport utility vehicle produced by Tata Motors Ltd in 1991. It was the first SUV to be designed and produced in India. Tata unveiled an EV version of the same in Auto Expo 2020.