MEXICO CITY (Reuters) – Japanese motorcycle maker Kawasaki will invest $200 million in Mexico’s northern Nuevo Leon state to set up a production plant, state Governor Samuel Garcia said on Friday.
Garcia is currently in Tokyo and announced the investment in a post on social media platform X, formerly Twitter, without providing further details on Kawasaki’s plans for the plant.
Kawasaki did not immediately respond to a request for comment.
Mexico’s government issued a decree granting tax breaks for foreign companies wishing to launch operations in Mexico earlier this week, which Garcia said he discussed with executives of the Japanese company.
Kawasaki produces so-called powersports vehicles including motorcycles and ATVs.
(Reporting by Ana Isabel Martinez; Editing by David Alire Garcia)