Mexico announces support for its motor transport industry

The Mexican government announced measures on Thursday to support the country's motor transport industry, especially manufacturers and owners of heavy vehicles.

The program includes tax incentives for local producers and also seeks to protect and promote Mexico's motor transport industry against imports, Economy Minister Marcelo Ebrard told a press conference.

"It has an initial budget of 2 billion pesos ($112.41 million) in tax deductions and 250 million pesos in direct investment," he added.

The program will support Mexico's heavy vehicle sector through incentives to purchase vehicles.

President Claudia Sheinbaum said the measures will boost the production of commercial vehicles, while the modernization of heavy-duty vehicles will help reduce pollutants and improve freight transport conditions across the country.