NEW YORK ( TheStreet) -- Jaguar Land Rover, a unit of India's Tata Motors ( TTM), is in discussions with a Chinese automaker about a joint venture to build and sell cars in the world's most populous nation, according to a published media report.

Tata Motors' CEO Carl-Peter Forster said Saturday that Jaguar Land Rover is involved in "good discussions" with a Chinese automaker and wants to find a partner in China "as soon as possible," according to the report, which was posted on The Wall Street Journal's Web site over the weekend.

Forster declined to identify the Chinese company Jaguar Land Rover has been talking to.

Tata acquired the Jaguar and Land Rover brands from Ford ( F) in 2008.

Forster was speaking at an industry conference in Shanghai.

Shares of Tata closed Friday up 30 cents at $27.95.

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This article was written by a staff member of TheStreet.