Take the cases of companies based in India and South America. In 2008 Tata Motors, one of India's biggest industrial conglomerates, acquired the British automakers Jaguar and Land Rover and began developing cars for these prestigious companies. Further, the firms even launched the Tata Nano, a car that sells for about $2,500. Consider also that the world's leading makers of regional jets is based in Brazil. Embraer, a Brazilian company, has taken advantage of its local engineering experience to innovate at a global level. It now manufacturers small,sleek,fasts jets for the international market.