From Ratan Tata’s Jaguar Land Rover Acquisition to Starbucks, Check How The Top Industrialist Changed Indian Businesses Perception Abroad
Ratan Tata: When we talk about industrial legends in India, one name stands tall – Ratan Tata. His visionary leadership and bold acquisitions changed the way Indian businesses are viewed on the global stage. Whether it’s Ratan Tata’s Jaguar Land Rover Acquisition or his groundbreaking partnership with Starbucks, he redefined the perception of Indian companies abroad.
How Ratan Tata Changed Indian Business Globally
Ratan Tata took over as the Chairman of the Tata Group in 1991, the same year India opened its doors to globalisation. From that point forward, Tata led the group to phenomenal growth, setting a benchmark for Indian industrialists. Under his leadership, the group expanded internationally, transforming not just Tata’s image but the reputation of Indian companies globally.
Ratan Tata’s Jaguar Land Rover Acquisition
In 2008, Ratan Tata’s Jaguar Land Rover Acquisition made waves in the global car industry. Tata Motors bought Jaguar and Land Rover from Ford for about $2.3 billion. Many were surprised by this bold move, but it quickly earned praise. Before the purchase, both Jaguar and Land Rover were facing tough times. However, after becoming part of the Tata Group, things changed for the better. Sales grew quickly, and the brands regained their luxury status, proving that an Indian company could successfully manage well-known global brands.
Building Global Ties – Corus Group Acquisition
Another significant acquisition that bolstered Tata’s global reputation was Tata Steel’s purchase of Corus Group in 2007 for $12 billion. Corus, a UK-based steel company, made Tata Steel one of the top global steel producers. This bold move was another feather in the cap for Ratan Tata, illustrating India’s growing influence in global industrial markets.
Bringing Starbucks to India
Ratan Tata also played a crucial role in bringing Starbucks to India. Through a joint venture with Tata Global Beverages, Starbucks made its Indian debut in Mumbai in 2012. Howard Schultz, the founder of Starbucks, was moved to tears as Ratan Tata gave a heartfelt speech during the opening ceremony. This partnership has since flourished, making Starbucks a popular brand across India and showcasing Tata’s ability to blend international brands with Indian markets.
Strengthening Global Automotive Presence
Tata Motors’ expansion wasn’t limited to the Jaguar Land Rover acquisition. Ratan Tata guided Tata Motors through strategic partnerships with companies like Daewoo and Fiat Chrysler, ensuring that Tata Motors became a recognized player in the global automotive scene. These ventures helped cement Tata Motors’ reputation as a company that could compete globally.
A Legacy that Redefined Indian Business
From Ratan Tata’s Jaguar Land Rover Acquisition to his expansion into diverse sectors like steel, tea, and automobiles, Tata’s leadership transformed the global perception of Indian businesses. His bold moves showed the world that Indian companies were not just players in the global market – they could lead. Ratan Tata’s legacy will forever be marked by his visionary approach to international business, turning the Tata Group into a global powerhouse and changing how the world views Indian enterprises.
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER.
The post From Ratan Tata’s Jaguar Land Rover Acquisition to Starbucks, Check How The Top Industrialist Changed Indian Businesses Perception Abroad appeared first on DNP INDIA.
