Jaguar Land Rover is reportedly considering a takeover of private taxi firm Addison Lee.
Addison Lee was put up for sale by its owner, Carlyle Group, earlier this month for around £390 million.
Should Jaguar Land Rover pursue a take-over, this would see a shift for the company away from its traditional car manufacturing operations.
The automotive firm is in the midst of a turnaround plan amid falling profits, slipping car sales and controversies involving emissions.
Back in March, Jaguar Land Rover recalled 44,000 cars over carbon dioxide emissions.
Moreover, Jaguar Land Rover is also feeling the impact of the economic slowdown in China.
In February, the auto motor company reported a record £3.4 billion quarterly loss, in light of “challenging market conditions”.
Meanwhile, Addison Lee is fighting to compete with cheaper competitors such as Uber and ViaVan.
Carylyle Group have enlisted the help of Bank of America and Rothschild to oversee the selling of the business.
Jaguar Land Rover is currently owned by India’s Tata Motors.
Shares in Tata Motors (NSE:TATAMOTORS) are currently down -2.88% as of 10:48AM (GMT).
