MUMBAI – Tata’s 2008 acquisition of Jaguar Land Rover still stands as the Indian automaker’s best business move of recent years, as the British luxury brand regularly generates profits while the parent company loses ground in its home market. Once India’s largest automaker, sales of Tata light vehicles plummeted 29.8% to 468,976 in 2013, according to WardsAuto data. Deliveries from January through July fell even more sharply, backsliding 37.6% from prior-year to ...

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