Blog By mariam | 24-11-17
15 Unluckiest Moments Of The Unluckiest People In The World.
Ratan Tata is possibly one of the most sorted Businessman in the country. He is an idol for many. Budding entrepreneurs look upto him and dream of becoming alike.
The man has engulfed a lot of memorable stories over a career of more than 5 decades. Let us share one of the most memorable one with you.
Tata's purchase of Jaguar is a perfect example of how a talented man reacts to an insult. In the year 1998, a passenger car, namely Tata Indica was introduced by the Tata Group. The business though was a failure.
To compensate all the loses, Tata gave a proposal to Bill Ford, who was very much interested in buying the company.
While in the meeting, Bill Ford quoted , “Why did you enter in the passenger car business when you were not knowing of it. It will be favour if we buy this business from you.” Insulting, right?
Bill Ford, along with his colleagues reached the headquarters of Tata Group , namely “The Bombay House ” and the deal was finally accepted at an amount of 2.3 billion US dollars, which amounts to Rs 9,300 crores in Indian money and Jaguar was Tata's.
Vicious circle stories, right? You think Tata did a favor on ford by buying the passenger car business?