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Tata Motors falls 2.5 percent ahead of likely Ford deal

NEW DELHI
Wed Mar 26, 2008 1:55am EDT

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NEW DELHI (Reuters) - Shares in Indian vehicle maker Tata Motors (TAMO.BO) extended losses to be down more than 2.5 percent on Wednesday ahead of an expected deal to buy Ford Motor's (F.N) premium Jaguar and Land Rover brands.

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At 1:46 a.m. EDT, the firm's shares were trading 2.8 percent down at 661 rupees, after opening 1.5 percent up at the day's high of 690 rupees.

A source said on Tuesday Ford (F.N) had agreed to sell its Jaguar and Land Rover brands to the Indian firm for more than $2 billion, while another source said the U.S. automaker plans to publicly announce the deal in New York at 8:00 a.m. EDT on Wednesday.

(Reporting by Devidutta Tripathy, Editing by Mark Williams)
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