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Tata's Luxury Buys Tell World 'We're Here'
Jaguar, Land Rover acquisitions add dimension to Indian giant's broad base
By Kevin Spak
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Posted Mar 26, 08 11:53 AM CDT
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(Newser)
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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.