Japanese automaker Nissan Motor Co mentioned on Wednesday it is going to make investments greater than $700 million in Mexico in the course of the subsequent three years to spice up its operations within the nation.
The funding is ready to enhance the services, gear and automation procedures in Nissan’s facility situated within the state of Aguascalientes, the corporate mentioned in a press release.
“Mexico performs an essential function in Nissan’s world operations, each as one of many primary markets for automobile gross sales, and as an export hub for dozens of markets all over the world,” mentioned Jeremie Papin, Chairperson of Nissan Americas.
The automaker led gross sales and manufacturing in Mexico final 12 months, in keeping with firm information, with a complete of 203,918 items delivered to Mexican prospects.
Mexico is a vital hub for automotive manufacturing, providing entry to the US market with decrease related prices, in addition to aggressive entry to different components of Latin America.
Speculations ran excessive when the corporate discontinued the Datsun model in India, 9 years after it kicked off the marque’s world relaunch within the nation.
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