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/ 26 March 2008

India’s Tata acquires Jaguar, Land Rover for $2,3bn

India’s Tata Motors said on Wednesday it had bought British luxury icons Jaguar and Land Rover from struggling United States carmaker Ford for $2,3-billion as it expands its global reach. The all-cash deal is part of Tata’s efforts to grow outside Asia, but analysts have questioned how the Indian firm will absorb the two high-end marques into its operations.