It doesn't say whether or not they are taking on the whole Hindustan Company, factories etc. I suspect they are not which is a shame because they could restart manufacture and maybe restyle it on a more modern car than its original base which was the 1950s Morris Oxford:
A Peugeot 404 perhaps?this story that has been building all week.
It looks like Peugeot are involved in negotiations to take over Vauxhall and Opel.
This would given them Peugeot, Citroen, DS, Vauxhall, Opel & Ambassador - and probably too many factories - not good news - especially since they have had financial problems over the last few years while Vauxhall & Opel have been losing money.
Although, allegedly, Peugeot shares are doing quite well at the moment. They may be hoping to do a Fiat who had their own problems not that long ago.
In any case, I would be worried by that sudden Indian connection. I'll just stick with my Jaguar in the meantime.
Tata for now.