India’s Tata Group Acquires Jaguar and Land Rover

On March 26, the Tata Group (India’s largest industrial conglomerate and parent of Tata Motors) acquired Jaguar and Land Rover, two of the world’s foremost luxury car lines. This bold move demonstrates Tata’s rising global ambitions, says the Economist. Some worry however that Tata might have acted a little too boldly; after all, if previous owner and industry founder Ford could not turn a profit with Land Rover, how can the younger upstart? Time will tell whether Tata’s decision was wise, but one thing is for sure – the purchase of two of the automobile industry’s most revered brands is yet another sign of India’s rising economic power.