Tata’s chairman Ratan Tata announced the company’s plans to build a plant in Saudi Arabia and manufacture Jaguar Land Rover vehicles there.
Ratan Tata said that the plan is under discussions as Saudi Arabia plans to open by 2013 a new aluminum smelter, which is a joint venture between Alcoa and Saudi Arabian Mining. For decades Saudi Arabia, which is the world’s top oil exporter and Middle East’s largest economy, has tried to use its natural resources and expand 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 said.
Ratan Tata also announced that the automaker might manufacture the new Land Rover Defender in India and production of the current Defender might be transferred to India as the European market is not feasible any longer. As the company tries to create a stronger bond with Jaguar, Tata’s future projects include a possible engine venture for the new-generation four-cylinder JLR engines and a new assembly for the Jaguar XF.