Re: 2006 South Asia report for World Development Indicators
Tata Motors subsidiary to buy UK design firm INCAT for Rs.411 crore
**Mumbai: **Tata Motors Ltd. said on Thursday its unit, Tata Technologies, has agreed to buy UK engineering and design firm INCAT Technologies Inc, giving it greater scale in North America, Europe and Asia.
Tata Motors’ subsidiary Tata Technologies will buy INCAT for about US$97 million (Rs411 crore), paying 220 pence a share in cash, and having already received an undertaking from shareholders owning 35.9 percent of INCAT’s shares
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Tata motors also took over one german design firm to fill its shorcomings in design field.