REUTERS - Ford Motor Co is expected to confirm the sale of its British luxury brands Jaguar and Land Rover to India's top vehicle maker Tata Motors for over $2 billion later on Wednesday.
Following are some key events from Tata Motors' history:
1945 - Tata Engineering and Locomotive Co Ltd (TELCO) is set up as a locomotive maker at the end of World War Two
1954 - Company shifts to making trucks in a joint venture with Germany's Daimler Benz
1977 - Commences production of commercial vehicles
1994 - Enters venture with Daimler to make Mercedes Benz cars in India
1998 - Launches fully indigenous passenger car, Indica
2001 - Ends joint venture with Daimler
2002 - TELCO is renamed Tata Motors Ltd
2003 - Announces plan to build world's cheapest car for 100,000 rupees ($2,500)
2004 - Acquires South Korea's Daewoo Commercial Vehicle Co, and lists on the New York Stock Exchange. Launches Indigo sedan
2005 - Buys 21 percent stake in Spanish bus maker Hispano Carrocera SA, launches mini-truck Ace in India
2006 - Signs manufacturing and distribution agreement with Fiat, enters venture with Brazilian bus maker Marcopolo
2008 - Named front-runner for Jaguar and Land Rover
- Unveils Nano, the 'People's Car', price at about $2,500
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