![TATA joins F1 bandwagon, signs deal with Ferrari](https://cdn.wapozavr.com/news/f8/e7/31/f8e7314222b836cd362e9a31c6b0706f-b.jpg)
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Ferrari chief says for the first time an Indian brand will appear on the Ferrari.
Rome: Ferrari have bucked the global economic crisis squeezing Formula One by agreeing a sponsorship deal with carmaker Tata.
"For the first time an Indian brand will appear on the Ferrari," Ferrari President Luca di Montezemolo told Italian media. "It's historic."
A Ferrari spokesman confirmed a deal had been reached and said the details and duration would be announced shortly.
Tata and Ferrari's parent company Fiat have a joint venture in Maharashtra to produce cars.
Formula One approved a package of cost-cutting measures last week to help the sport after the economic crisis led to Honda's withdrawal.
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