Tata Motors looks at Saudi plant for JLR
Reuters : Riyadh, Sun Sep 02 2012, 00:44 hrs
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Tata Motors is examining the possibility of building a plant in Saudi Arabia to assemble Jaguar Land Rover cars next to a new aluminium smelter, the Indian company's chairman said in an interview to a magazine.
"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... we could have an interesting business case which we are examining today," Tata Motors chairman Ratan Tata told Autocar India.
The smelter is a joint venture between Saudi Arabian Mining Company (Maaden) and US aluminnium producer Alcoa Inc and is scheduled to start production in 2013.
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