By on April 28, 2008

pininfarina_rossa_side.jpgThe Times of London reports that Indian automaker (and Jaguar and Land Rover's new Daddy) Tata Motors will develop an Indian design and manufacturing center in Pune with iconic Italian design house Pininfarina. Tata will also "participate" in Pinin's $100m capital increase (a.k.a. bailout) this summer. The Times notes that Pininfarina's controlling family could be about to unload as much as 55 percent of the Italian firm's stock, opening the possibility of a complete Tata takeover. With ties already close between Tata and Fiat, a joint ownership scenario is also possible. In case you haven't guessed where all this is headed, Tata has set aside $1b for the development of new Jaguar models. Tata and Pinin are already hashing-out the next gen Jags, with an F-Type roadster rumored to lead the way.

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