Tata Motors Ltd., the largest private-sector company in India, has signed a lease for a Jeep Compass, a luxury SUV designed by its parent company, the Tata Group.
The deal will boost Tata Motors’ stake in Jeep, which it sold to Ford Motor Co. last year for about $7.5 billion.
The $5.6 billion deal, announced on Sunday, was signed by Tata CEO Mukesh Ambani and Chief Financial Officer Sanjay Gupta.
A spokesman for Tata Motors declined to comment.
The company has invested $9 billion in the Jeep brand, including $4 billion in 2016.
Tata Motors, which has a market value of $8.7 billion, bought the Jeep in 2014.
The Jeep Compass is based on the Jeep Wrangler brand, a brand that is owned by Ford.
The SUV is built on a 2.5-liter turbocharged engine that has been developed by the Ford plant in Ford’s Lansing, Mich., facility.
The automaker’s Jeep Wranglers are sold in more than 40 countries, including the United States, Japan, Canada, South Korea, Mexico, Brazil and Russia.