By: Business Team
12 Jan, 2023
Ratan Tata’s image is not only that of a businessman, but also that of a generous and simple person.
But, there is also an interesting story related to Ratan Tata’s revenge, which has become an example today.
This tale of revenge began in the 90s, when he launched the Tata Indica, a Tata Motors car.
The poor response to the Tata Indica and mounting losses forced them to sell off the passenger car division.
Ratan Tata made up his mind to sell it and talked to American company Ford Motors for this.
When Ratan Tata went to America for the deal, Ford chairman Bill Ford made fun of him.
During the meeting, Bill Ford had said, ‘You don’t know anything, then why did you start this division.’
The Ford chairman even told Ratan Tata that if we buy this business, it will be a favor to you.
After Bill Ford’s joke, Ratan Tata returned to Mumbai from America the same night after drinking a sip of humiliation.
After this, he completely focused on Tata Motors and took it from floor to floor in 9 years.
This was the time when Tata Motors was ruling the world, while Ford was on the verge of bankruptcy.
During this, Ratan Tata’s group offered to buy Ford’s Jaguar and Land Rover brands.
Bill Ford, who made fun of Tata, was forced to come to India to seal the deal.
Ford’s chairman changed his tone in the meeting and thanked Ratan Tata for the deal.
Not only this, Bill Ford had said that you are doing us a favor by buying Jaguar-Land Rover (JLR).
Today both these brands belong to Tata Motors and have retained their identity across the globe.