NEWSMAKER-Tata drives onto global stage with Jaguar, Land Rover

Newswire

By Rina Chandran MUMBAI, March 26 (Reuters) - Indian business baron Ratan Tata has proved detractors wrong before, and needs to do it again as he parks luxury car brands Jaguar and Land Rover in an auto empire that includes the world's cheapest car. His Tata Motors, which was set up to make locomotives at the end of World War Two, on Wednesday agreed to buy Jaguar and Land Rover from Ford Motor in a $2.3 billion deal that catapults it on to a podium of elite automakers. Ten years ago ...

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