26 Mar 08 Tata Motors Agrees To Buy Jaguar, Land Rover-Tata Group Executive

Tata Motors Ltd. (TTM), India’s biggest automaker by sales, has agreed to acquire Ford Motor Co.’s (F) Jaguar and Land Rover luxury car brands, an executive at Tata Group said Wednesday.

Details of the deal will be announced later during the day, the executive, who asked not to be identified, told Dow Jones Newswires. He declined to elaborate.

Tata Motors, India’s second-biggest passenger vehicle maker and the biggest truck maker by sales, is a part of the Tata Group. The group includes companies such as Tata Steel Ltd., Tata Consultancy Services Ltd., Tata Tea Ltd. and Tata Chemicals Ltd

Tags: Land Rover