Ratan Tata is one of the most respected industrialists in the world. Once Ratan Tata and his team faced “humiliation” when they went to sell the group’s car business to Ford in 1999. Just nine years later the group bought American
giant’s marquee brands Jaguar and Land Rover. Ratan Tata was also chairman of Tata Group. In 1998, when Tata’s company made their foray into the passenger car business, it looked like an ill-timed move and the venture seemed to be
doomed to failure. Eventually, the industrialist decided to sell the business.
When Tata decided to sell the company's struggling passenger vehicle business, Ford officials voiced their interest after a trip to Tata’s Bombay Headquarters. However, when Tata and his team visited Detroit to hash out a deal, they were
in for a rude awakening as Bill Ford, then chairman at Ford reportedly said to Tata that he was quite out of his depth. A Tata Group employee named Pravin Kadle who was present at the 1999 meeting told recalled the incident was quoted
in an earlier PTI report saying, "They told us ‘you do not know anything, why did you start the passenger car division at all’. They said they will do us a favour by buying our car division.”
Nine years after the ‘humiliation’ in the US, the clock turned a full circle and Tata has the opportunity to take his sweet revenge on Ford. The salt-to-software conglomerate humbled Ford — which was then on the verge of bankruptcy after
the 2008 global financial meltdown by taking over the auto company's iconic Jaguar Land-Rover brands for $2.3 billion. Kadle was further quoted saying, “This was in 1999 and come 2008, the same Ford’s Jaguar and Land Rover were bought
by us. Ford chairman Bill Ford thanked Ratan Tata, saying ‘you are doing us a big favour by buying JLR. Not only did Tata buy JLR, Kadle recalled how within a few years of the buyout, sinking JLR made a dramatic turnaround and became
the mainstay of Tata Motors’ finances.
Conclusion: Never surrender yourself to the situation. You can improve every situation by working hard and improving your focus.