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© James Consulting

Automotive Industry in Mexico a Key Sector

November 17, 2016

 

Mexico's automotive industry is mature, dynamic and in continuous growth. In 2014, Mexico’s Automotive industry showed clear signs of recovery; light vehicle production reached a new historical record with 3 million vehicles1.

At a global level, Mexico ranked as seventh producer of light vehicles1. In two years, Mexico climbed two positions, surpassing French and Spanish production.

 

Currently, the automotive sector accounts for 6% of the national GDP and 18% of manufacturing production. The Mexican automotive industry is expected to continue increasing in the future. The forecasts indicate production will reach 4 million units by 2018 and 5 million by 2020 1.

 

Companies in the light vehicle industry have a total of 18 production complexes located in 11 states of Mexico, where they perform activities that range from assembly and armoring, to casting and stamping of vehicles and engines. Currently, more than 48 car and light truck models are produced in Mexico.

 

In terms of heavy vehicles, the OEMs have reached an important level of development in the country, performing activities ranging from assembly, stamping and bodywork, producing a wide range of models to satisfy the demand of the domestic and export markets. Currently, 11 commercial vehicle manufacturers and two engine manufacturers for this kind of vehicle have production facilities in Mexico.


In 2011, Mexico reached production of 136,678 heavy vehicles, ranking as sixth producer globally behind China, Japan, India, The United States and Brazil. The heavy vehicle production in Mexico is expected to reach 196.8 thousand vehicles by 2016.

 

 

 

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