Ford bought Jaguar for $2.5 billion in 1989 and Land Rover for $2.7 billion in 2000. But it has been struggling and wants to focus on its main brands.
Tata said it doesn't anticipate any significant changes to the work force at Jaguar and Land Rover. The sides had been expected to agree to keep the British work force around the current 15,300.
Tata said the transfer of the brands would take place the end of the second quarter.
