Final answer:
Tata Motors, the largest vehicle manufacturer in India, acquired Jaguar Land Rover from Ford in 2008, which marked a significant entry into the luxury vehicle market and showcased the impact of globalization on the automotive industry.
Step-by-step explanation:
Tata Motors, India's largest designer and manufacturer of commercial vehicles, expanded its global presence by acquiring the iconic British auto brands, Jaguar and Land Rover. The acquisition took place in 2008 when Tata Motors purchased these brands from Ford Motor Company, one of the traditional big three automakers in the United States. This strategic move allowed Tata Motors to gain a significant foothold in the luxury car segment and has been recognized as a major move in the auto industry, reflecting India's growing economic presence within the global market. Tata Motors' acquisition stands as a testament to the shifts in the global auto industry where once-dominant players such as General Motors, Ford, and Chrysler now face stiff competition from automakers across the world.