Indian firm Tata looks likely to see its revenue centre move from businesses in its home country to those in the UK having won the bid for the Land Rover and Jaguar brands.
The combined turnover of Corus – one of its UK acquisitions – and Jaguar and Land Rover is approximately $36 billion, while Tata group’s turnover for the financial year ending March 2007 was $28.8 billion.
The news signifies a major step in the globalisation of corporate India.
“In the current year, Europe becomes almost as big as India for us,” said executive director of Tata Sons Alan Rosling. “So that’s a big shock for our mindset because India obviously is where most of our businesses are based and run.”