10 years ago, nobody would have seen this coming. Today India’s Tata Motors Ltd announced their intention to buy Jaguar and Land Rover from Ford Motor Co for about $2.3 billion.

This follows their arrival on the world scene with their ultra-cheap $2,500 Nano or “People’s Car,”. Adding the luxury brands to their arsenal of trucks, buses and cars gives them a unique (and somewhat weird) portfolio. It will be interesting to see how this deal turns out for Tata Motors, but one thing is sure: India cannot be ignored in any aspect of the world economy any more.