Japanese automaker Honda will inject 3.3 billion reais ($602.2 million) by 2030 to construct two new production units at its Manaus complex. This initiative is designed to elevate the facility's yearly output to 2.3 million units by 2029, up from 1.6 million units expected this year. The expanded site currently builds 20 distinct models to serve both the domestic market and 19 foreign markets, including Mexico and the United States. Furthermore, this fresh capital expenditure follows a separate 1.6 billion reais commitment announced last year.
Key points
The expansion will significantly increase output from the 1.6 million units anticipated t…: The expansion will significantly increase output from the 1.6 million units anticipated to be built this year.
Production at the Manaus facility currently supplies vehicles to Brazil alongside 19 inte…: Production at the Manaus facility currently supplies vehicles to Brazil alongside 19 international export destinations.
This newly committed capital expenditure follows an earlier 1.6 billion reais investment…: This newly committed capital expenditure follows an earlier 1.6 billion reais investment announced for the plant last year.
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SAO PAULO, Nov 5 : Japan's Honda will invest 3.3 billion reais ($602.2 million) by 2030 to expand the capacity of its motorcycle plant in Brazil, the company said in a statement on Thursday.
• The move includes two new production units at its Manaus complex, increasing annual capacity to 2.3 million units in 2029 from an expected 1.6 million this year, it said
• The factory produces 20 models, serving the domestic market and exporting to 19 countries, including to the US and Mexico, according to Honda
• The investment adds to 1.6 billion reais announced last year by the group into its motorcycle business in Brazil
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