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/ 3 September 2008
The Tata group on Tuesday said it had suspended work at the #320-million plant in India where it planned to make the Nano, the world’s cheapest car.
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.