New Delhi, Oct 13: On Monday, Oct 13 Tata Motors denied reports that it is in talks to buy Ford's stake in Japan's Mazda Motor Company. ''There have been reports in the media that Tata Motors is among potential buyers for shares in Mazda Motors. Tata Motors clarifies that the report is incorrect,'' company spokesperson Debasis Ray said in a statement.
Ford, which has 33.4 per cent stake of Mazda, is considering selling about 20 per cent and has already approached prospective companies for the sale. Tata Motors had bought the Jaguar and Land Rover from Ford earlier this year for 2.3 billion dollars.