I think @quintact means the translation of contents not the labels and interface. No this is not supported out of the box, and just my personal opinion I think such method will leads to confusion since no auto translation out there thats accurate even google translate.
However, I still think allowing the doctype to be localized will be great feature in ERPNEXT. here is a post discussing such feature https://discuss.frappe.io/t/multilingual-item-description/2551?u=ganas