REFILE-UPDATE 3-Tata to buy Ford's Jag, Land Rover for $2.3 bln

Newswire

(Adds missing word "billion" in last paragraph) By Sumeet Chatterjee and Kevin Krolicki MUMBAI/DETROIT, March 26 (Reuters) - India's Tata Motors Ltd on Wednesday announced a $2.3 billion deal to buy Jaguar and Land Rover from Ford Motor Co , in a transaction that gives the emerging Indian automaker a model line-up ranging from ultra-cheap to high-end luxury. For Tata, which plans to launch the ultra-cheap $2,500 Nano or "People's Car," the addition of the profitable Land Rover brand ...

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