India's auto major Tata Motors is believed to have edge in race for Jaguar and Land Rover acquisition due to its bid value, size and familiarity with the UK market. Sources say that the final bids from Tata, rival M&M, JP Morgan-backed OneEquity will now be treated as binding. Ford is now likely to whittle it down to two players but now it seems that Ford could take the final two bids under consideration into Christmas break