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
Indian rupee RBI introduced new 50 notes, but the old ones continue being legal tender. The design is similar to the current notes in the Mahatma Gandhi (New) Series, except they will come with an inset 'A'. As of 24 August 2017, current circulating banknotes are in denominations of 5, 10, 20, 50 and 100 from the Mahatma Gandhi Series, in denominations of ₹10, ₹50, 100, 200, 500 and 2,000 from the Mahatma Gandhi New Series, and the denomination of 1 of the Lion Capital Series. Officially, the Indian rupee has a market-determined exchange rate. However, the RBI trades actively in the