"Jaguar is now an Indian beast" roared one Indian newspaper yesterday as it lauded Tata Motors' long-awaited £1.15 billion deal to bag the luxury car brand and its Land Rover counterpart.
Next to a large image of Jaguar's shiny pouncing cat symbol and a smaller photo-graph of a smiling boss Ratan Tata - the company's chairman - dressed in a fighter jet jumpsuit, the Times of India mimicked "Tatas Rule Britannia".
"So what if the Kohinoor diamond - once considered the ultimate symbol of Indian wealth and power - now resides with the Queen of England?" the paper asked on its front page. "It took a company from a former colony to come to the rescue of a beleaguered British brand."
Six decades after independence, it noted, an Indian firm that already owned one of tea-obsessed Britain's favourite brews, Tetley, and Anglo-Dutch steel maker Corus, now had the keys to a car brand which has ferried British prime ministers around London for years.
Tata Motors, whose garage houses a less flashy line-up of trucks, buses and cars, including the world's cheapest, sealed the deal for Land Rover and loss-making Jaguar with Ford on Wednesday after emerging as the frontrunner in January.
Transfer of ownership is expected by the end of the next quarter and Mr Tata says he wants to preserve the brands' heritage and keep their identities intact.
Ford bought Jaguar in 1989 and Land Rover in 2000.
Another daily, the Hindustan Times, compared Mr Tata to Henry Ford, founder of the US car giant and the man who gave America the Model T a century ago, bringing cars to the masses.
In January, Tata realised his dream of bringing a similar "People's Car" to India when he unveiled the Nano, set to be the world's cheapest car at £1,250 when it goes on sale later this year.
"Tata, after ensuring traffic jams on village roads in the future with Nano, has turned to the rich to sell Jags and Land Rovers," the Hindustan Times said.
The Tata Group's high profile forays abroad in the past few years have been a cause for celebration among the Indian media as signs that an economy and business community isolated for years from the rest of the world is finally making its mark.
"The deal will also reinforce the global perception of India Inc as a leader in international business, and not just in IT," the Economic Times wrote under a front page headline proclaiming "Indian Tiger Rides Jaguar".
But some were less triumphalist, throwing in a word of caution that global capitalism works both ways.
Foreign firms can face layers of bureaucracy as well as ownership caps when they invest in India. Billionaire and Virgin Group chairman Sir Richard Branson once went as far as saying the country made foreign business people feel "quite unwelcome".
The Financial Express daily wrote in its opinion column: "This works both ways: India must be as receptive to non-Indian acquisitions of blue chips."