Honda to invest $602 million to expand motorcycle factory in Brazil
Honda to invest $602 million to expand motorcycle factory in Brazil SAO PAULO, Nov 5 (Reuters) - Japan's Honda 7267.T 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
($1 = 5.4798 reais)
(Reporting by Andre Romani in Sao Paulo; Editing by Isabel Teles)
((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))
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