Press Esc to close
Wednesday 01 April 2015
News updated at 11:15 AM IST
Weather
Max: 33°C
Min : 22.3°C
In Bengaluru
Sunny day

JLR inks LoI with Saudi govt for auto unit

Mumbai, Dec 11, 2012, DHNS:

The UK's premium carmaker Jaguar Land Rover (JLR), promoted by Tata Motors, on Tuesday formally signed a pact with National Industrial Clusters Development Program (NICDP) paving the way for an automotive partnership in the kingdom of Saudi Arabia.

Jaguar Land Rover Chief Executive Officer Ralf Speth and Saudi Arabia's NICDP President Azzam Yaser Shalabi signed a Letter of Intent for an automotive partnership in the latter's country.

Accordingly, both the entities will now begin a detailed feasibility study together, to determine the viability of setting up an automotive facility.

Further, Prince Faisal Bin Turki bin Abdul Aziz Al Saud and the Saudi Arabian Government has expressed intention to initiate, develop and support automotive industries and see JLR as a potential partner to help strengthen their industrialisation plans in the region.

Even as discussions between JLR and the Saudi Government are at a preliminary stage, opportunities have already been identified in aluminium component production – an area where Jaguar Land Rover has established a leadership position.


Go to Top

Photo Gallery
Tourist being entertained by a Rajasthani artist...

Tourist being entertained by a Rajasthani artist...

Stranded trucks at the Jammu - Srinagar highway due to heavy rain in Jammu...

Stranded trucks at the Jammu - Srinagar highway due to heavy rain in Jammu...

A man walks on a snow-ladden field after a fresh spell of snowfall in Kashmir...

A man walks on a snow-ladden field after a fresh spell of snowfall in Kashmir...

Kashmiri man carries a pillow as he walks along the road at Ledhan village...

Kashmiri man carries a pillow as he walks along the road at Ledhan village...

Self-Defense Forces personnel prepare tp receive Indian Defense Minister Manohar Parrikar...

Self-Defense Forces personnel prepare tp receive Indian Defense Minister Manohar Parrikar...

Vice Admiral P Murugesan inspects guard of honour...

Vice Admiral P Murugesan inspects guard of honour...

A youth in the flood-hit Pampore area of Srinagar on Tuesday...

A youth in the flood-hit Pampore area of Srinagar on Tuesday...

A pair of parrot atop a tree in New Delhi...

A pair of parrot atop a tree in New Delhi...

Aircrafts of The Global Stars team of British Aerobatics Champions perform during rehearsals...

Aircrafts of The Global Stars team of British Aerobatics Champions perform during rehearsals...

Aircrafts of British Aerobatics Champions perform during rehearsals on the eve of the Gujarat Aero..

Aircrafts of British Aerobatics Champions perform during rehearsals on the eve of the Gujarat Aero..

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523