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oil and gasNovember 28, 2022

Petromin’s National Motor Co. wins ‘Best Automotive Dealer’ award in the Kingdom for 2022

RIYADH: Petromin Corp’s subsidiary, National Motor Co., has been named as the ‘Best Automotive Dealer’ in the Saudi automotive sector for 2022.

The National Motor Co. received the accolade during an awards ceremony held in Jeddah, organized by PR Arabia.

Terence Byrne, CEO, National Motor Co., said, “We are happy to continue on the path of growth, through the resolute processes that were adopted years ago. With the principal aim of serving our customers, we are working to expand the coverage of our sales and after-sales services throughout the Kingdom. We aim to constantly be closer to our clientele in a bid to build bridges of trust and loyalty with them.”

The National Motor Co. holds a structured group of high-profile global automotive brands within its dealership portfolio in Saudi Arabia, such as Nissan, Jeep, Dodge, Chrysler, RAM, Alfa Romeo, Abarth, Fiat, Mopar and Foton.

The National Motor Co.'s parent company, Petromin, is ramping up its electric vehicle interests in the Kingdom with its new venture Electromin.

In an exclusive interview with Arab News earlier this year, Kalyana Sivagnanam, group CEO of Petromin, called it a bold move since customers in the Kingdom are still reluctant to buy EVs.

“While it is a bold move, I think it is very timely. We also have plans to expand this further beyond 100 stations and, in due course, we will make that announcement as well,” Sivagnanam told Arab News.

Saudi Arabia has committed to achieving net-zero carbon emissions by 2060. The government wants three of every 10 vehicles in Riyadh to be EVs by 2030. Globally, passenger electric cars are surging in popularity, and the Paris-based International Energy Agency estimates that 13 percent of new cars sold in 2022 will be electric.