London -
India's Tata Motors group, which owns British luxury car maker Jaguar and Land Rover, has said it plans to revive the super-luxury Daimler brand to appeal to wealthy customers from Asia, Russia and the Middle East.
Ratan Tata, head of the Indian conglomerate, has told investors of his plan to resurrect the Daimler marque in direct competition with luxury brands Bentley and Rolls-Royce, Britain's Times newspaper reported Monday.
Tata had earmarked 1 billion pounds (2 billion dollars) to develop new models at its British-based manufacturers, the report said.