In a statement to the Mumbai stock exchange, it said the deal includes the "ownership of Jaguar and Land Rover, all necessary intellectual property rights, manufacturing plants and two Britain-based advanced designing centres."

Tata Motors had announced the deal earlier this year.

"Jaguar and Land Rover are two iconic brands with worldwide growth prospects. These brands will retain their distinctive identities," Ratan Tata, chairman of Tata Motors said in the statement.... article continues

In the best of times, launching a luxury sedan against the likes of the BMW 5-series and Audi A6 would be a scary proposition, and these aren't the best of times. The XF lands just as the U.S. economy is in a flat spin, premium gas is hitting $4 a gallon and the luxury car market is falling on its posh butt...article continues.....

It's the only new-design Jag model on sale. It's the only Jag you could consider a mainstream product (by luxury-car standards). And the vehicle is doing so well that Jag could sell only the XF and match past total sales.

Audi A6 4.2 vs. BMW 550i vs. Jaguar XF Supercharged vs. Mercedes-Benz E550

Source Edmunds.com

We regret to inform you that the era of the V8-powered midsize luxury sport sedan could be over. Gas prices aren't the problem; instead, it's the impending federal fuel-economy standards that could spell the end of these luxurious street sleepers.

So this meeting of the 2008 Audi A6 4.2, 2008 BMW 550i, 2009 Jaguar XF Supercharged and 2008 Mercedes-Benz E550 might represent the end of an era.

Under the new rules, shoving big V8s into midsize sedans will become a questionable prospect even for luxury brands. Without massive price increases, only the most expensive flagship models will be able to offer thirsty eight-cylinder engines, leaving the smaller sedans to get by with six cylinders or worse.