Tata Motors looks at Saudi plant for Jaguar, Land Rover

[Mosamania]

Tata Motors looks at Saudi plant for Jaguar Land Rover

(Reuters) - Tata Motors is examining the possibility of building a plant in Saudi Arabia to assemble Jaguar Land Rover Ltd cars next to a new aluminium smelter, the Indian manufacturer's chairman said in a magazine interview on Friday.

Saudi Arabia, the world's top oil exporter and Middle East's largest economy, has for decades aimed at using its abundant natural resources to diversify its economy into complex industries.

"This smelter could make the production of aluminum in Saudi Arabia very competitive. So taking a really long-term view, if we put an assembly plant there with a large press shop, given our commitment to aluminum in our products, we could have an interesting business case which we are examining today," Tata Motors chairman Ratan Tata said in remarks published in Autocar India.

The smelter is a joint venture between Saudi Arabian Mining Co (Maaden) and Alcoa Inc and is scheduled to start production in 2013.

Saudi Arabian industry benefits from low electricity prices thanks to low natural gas prices.

Tata Motors looks at Saudi plant for Jaguar Land Rover | Reuters

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This would be the second such plant after the ISUZU trucks plant

Isuzu To Build Trucks At New Plant In Saudi Arabia From 2012

Isuzu Motors Ltd., Japan’s largest maker of light-duty trucks, will start building Forward mid-size trucks at a new plant from late 2012 in Saudi Arabia.
The company will start with annual production of 600 units and will add small and large-size models to build about 25,000 units a year, including for export to other countries in the Middle East, Isuzu said in a faxed statement today.
The factory will be located in Dammam, in eastern Saudi Arabia, the Tokyo-based company said.


http://www.bloomberg.com/news/2011-...s-at-new-plant-in-saudi-arabia-from-2012.html

 

[Abdi-Karim Elmi]

Saudi Arabia needs to get of oil depedency ASAP. Bad for economy and work ethics..And stop using petrodollars to make wahabi terror and create factories.

 

[Skull and Bones]

Good move by TATAs, will be good for business for both the countries.