Financial Times FT.com

Videocon eyes Motorola phone business

By Amy Yee in New Delhi

Published: April 1 2008 19:01 | Last updated: April 1 2008 19:01

Videocon, the Indian electronics group, has made an approach to Motorola to buy the handset business of the troubled US telecommunications group.

The move is the latest example of an Indian company seeking global expansion, coming less than a week after Indian conglomerate Tata sealed a high-profile agreement to buy the UK luxury car brands Jaguar and Land Rover from Ford for $2.3bn.

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