India's Tata Motors to close Jag deal by June

Newswire

MUMBAI, May 28 (Reuters) - India's Tata Motors Ltd is on target to complete the Jaguar and Land Rover acquisition by June, a top official said on Wednesday. Tata Motors had agreed in March to buy the premium brands from Ford Motor Co for $2.3 billion. The company, India's top bus and truck maker, has planned a capital expenditure of 100 billion rupees ($2.3 billion) over four to five years and expects to launch 100 new products/variants by then, Managing Director Ravi Kant told a news ...

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