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

Jaguar, Land Rover acquisitions add dimension to Indian giant's broad base
By Kevin Spak,  Newser Staff
Posted Mar 26, 2008 11:53 AM CDT
General view of the Land Rover and Jaguar Halewood plant is pictured in Merseyside Tuesday, March 25, 2008.    (AP Photo/PA, Peter Byrne)
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(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.