Automotive Logo — Tata Motors Limited , was founded in 1945 under the name of TELCO (TATA Engineering and Locomotive Company). It is the largest company inIndia manufacturing automobile passenger and commercial vehicles. It ranks 20 in the ranking of commercial vehicle manufacturers in the world (data 2006). It is part of the industrial group Tata Group .
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Tata Motors starts 2008 with two announcements. On the one hand, buying a Ford Motor Company of its subsidiaries Jaguar and Land Rover for an amount of about 2,300 million dollars (about 1,485 million euros at current exchange rates). 26/Mar/08.
As part of the agreement, which includes brands, factories and intellectual property, the multinational company based in Dearborn (Michigan) is committed to provide $ 600 million (387 million) to the pension plans of workers at Jaguar and Land Rover. In addition, Ford and Tata not expect significant changes in the templates of the two companies. And the intent to manufacture a cheap car, the Tata Nano , priced at $ 2,500. In India costs around 1,700 euros but come to Spain will cost about 3,000.
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