Tata Motors entered the passenger vehicle market in 1988 with the launch of the TataMobile followed by the Tata Sierra in 1991, becoming the first Indian manufacturer to achieve the capability of developing a competitive indigenous automobile. In 1998, Tata launched the first fully indigenous Indian passenger car, the Indica, and in 2008 launched the Tata Nano, the world's cheapest car. Tata Motors acquired the South Korean truck manufacturer Daewoo Commercial Vehicles Company in 2004 and purchased Jaguar Land Rover from Ford in 2008. Tata Motors is listed on the (BSE) Bombay Stock Exchange, where it is a constituent of the BSE
Gulf rupee government in 1959 as a replacement for the Indian rupee for circulation exclusively outside the country. At the time, the Indian rupee was pegged to the British pound at a rate of 13⅓ rupees = 1 pound. Two states, Kuwait and Bahrain, replaced the Gulf rupee with their own currencies (the Kuwaiti dinar and the Bahraini dinar) after gaining independence from Britain in 1961 and 1965, respectively. However, even today, in Bahrain, 100 fils (one tenth of a Bahraini dinar) are referred to in Arabic as a "rupee" or "rubiya" () in common parlance. On 6 June 1966, India devalued