Tata Motors started in 1954 in a joint venture with Daimler-Benz and launched its first SUV, the Tata Sierra, in 1991. It has since grown to be a leader in multiple vehicle segments through strategic acquisitions and new models. In 2008, Tata acquired Jaguar Land Rover, expanding into the luxury market, and launched the ultra-low-cost Tata Nano to target middle-income consumers. By applying both cost leadership and differentiation strategies, Tata has established itself across economic classes in India and as a major global automaker.