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September 5, 2008 8:46:03 PM CDT

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Tata's Luxury Buys Tell World 'We're Here'

Posted Mar 26, 08 11:53 AM CDT in Business 

(Newser) – Perhaps you’ve never heard of Tata, the Indian company that's the new owner of Jaguar and Land Rover—but it's already a $70 billion globe-straddling giant, the BBC reports, with major subsidiaries in a host of industries. Not content with dominating its fast-growing home market, Tata Motors sells cars in Africa, South America, and throughout Asia.

Tata also recently listed on the New York Stock Exchange, but remains essentially a family business run by Ratan Tata, grandson of founder Jamsetji Tata. Tata views global expansion as a necessary growth strategy, but it hasn’t abandoned its Indian roots. Thanks to a crack engineering team, Tata produces the Nano, the world’s cheapest car at $2,500.

Source BBC

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General view of the Land Rover and Jaguar Halewood plant is pictured in Merseyside Tuesday, March 25, 2008.   (AP Photo/PA, Peter Byrne)
A representative of the Tata booth cleans the body of the new Nano. The Nano is the cheapest car in the world, created by Tata for its home market of India.   (AP Photo/Keystone, Sandro Campardo)
General view of the Land Rover and Jaguar Halewood plant is pictured in Merseyside Tuesday, March 25, 2008. Ford is expected to announce the sale of Jaguar and Land Rover to Tata Motors Ltd. today.   (AP Photo/PA, Peter Byrne)
Tata Chemicals Managing Director Homi Khusrokhan, smiles during a press conference in Mumbai, India, Thursday, Jan 31, 2008.   (AP Photo/Rajesh Nirgude)
Journalists look at the new Tata Nano during the press day at the 78th Geneva International Motor Show, Tuesday, March 4, 2008, in Geneva, Switzerland.   (AP Photo/Keystone, Sandro Campardo)
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India  • auto industry  • Ford  • Jaguar  • Tata Motors  • Land Rover  • Tata Nano


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