Jaguar and Land Rover to become India brands

India's Tata Group is interested in acquiring Ford's Jaguar and Land Rover brands, the Indian comglomerate's chairman Ratan Tata has said.

"We certainly have some interest in it," he told the CNBC TV18 TV channel in an interview yet to be aired in full.

In excerpts of the interview, shown by the channel, Tata said the acquisition would make Tata Motors less dependent on one market.

"It will give us more of a global presence," he said, but would not be drawn further on the group's interest.

The full interview will be aired in two parts on Sunday and Monday. (See related rumor)