In a bid to meet soaring demand from West Asia, Tata Motors-owned luxury car maker Jaguar Land Rover is to invest around ₹1,038 crore ($167.4 million) in a new factory in Saudi Arabia.
The company is likely to produce 100,000 cars a year from the proposed facility in Saudi Arabia.
The luxury car maker has been in talks with the oil-rich State over the possibility of setting up a manufacturing plant. The company has confirmed to foreign media that it signed a deal to examine the financial viability of building cars in West Asia.