Tata , India’s third-largest carmaker, is soon expected to appoint investment bankers to advise on its proposed bid for Ford’s Jaguar and Land Rover units, bankers in Mumbai said on Wednesday.

Mahindra & Mahindra, the country’s largest utility vehicle producer, is also expected to appoint an adviser in the coming weeks to join in the bidding contest for the UK luxury carmakers, one person familiar with the matter said.