MUMBAI, June 2, 2008 (AFP) - India's truck and car-maker Tata Motors announced Monday it had completed its acquisition of Jaguar and Land Rover from ailing US carmaker Ford for 2.3 billion dollars in an all-cash transaction.

In a statement to the Mumbai stock exchange, the company said the deal includes the 'ownership of Jaguar and Land Rover, all necessary intellectual property rights, manufacturing plants and two Britain-based advanced designing centres.'