MashGet

Business cycles can be fickle, as officials for Tata Motors are discovering. During India's economic boom, the country's largest automobile manufacturer burst onto the international stage by acquiring fabled British luxury marques Jaguar and Land Rover for $2.3 billion. The company grabbed more attention last year when it unveiled the Nano, a potentially revolutionary sedan designed for emerging markets with a pricetag less than some laptop computers. Tata Motors, it seemed, was a carmaker in high gear.