Tata Motors announced recently that it has entered into a definitive agreement with the Ford Motor Company for the purchase of Jaguar Land Rover, comprising brands, plants and Intellectual Property Rights.
The transfer of ownership to Tata Motors is expected to close by the end of the next quarter, subject to applicable regulatory approvals.
The total amount to be paid in cash by Tata Motors for Jaguar Land Rover upon closing will be approximately US $2.3 billion. At closing, Ford will then contribute up to approximately US $600 million to the Jaguar Land Rover pension plans.

Tata Motors earlier unveiled the cheapest car in the world for $2,500, but is also India’s largest automobile company, with revenues of US$ 7.2 billion in 2006-2007.
With over 4 million Tata vehicles in India, it is the leader in commercial vehicles and the second largest in passenger vehicles.

This luxury car deal might look like a contradiction but Tata wants to establish a global brand and this deal will help them immensely. I bet on that.