Tata is set to derive more of its revenues from UK-based businesses than those in India ones after its planned takeover of Jaguar and Land Rover, marking an important step in the globalisation of corporate India.

Combined turnover of London-headquartered Corus, the steelmaker acquired by Tata last year, and Jaguar and Land Rover, is about $36bn, compared with the $28.8bn the Tata group reported in the financial year ended March 2007.