Over 600 of these companies are Tier 1 automotive suppliers. Mexico’s original equipment (OE) auto parts market represents USD 73 billion dollars, making Mexico the fifth-largest producer of auto parts, with over 2,500 companies in the sector. The major sub-sectors in Mexico’s automotive industry: original equipment, automotive aftermarket parts, electric & hybrid vehicles, specialty equipment, remanufactured products, electronics, navigation, plastic injection, stamping, steel, and heavy vehicle parts. Mexico is the fourth-largest exporter of heavy-duty vehicles for cargo and the second-largest export market after Canada for U.S. It also ranks as the sixth-largest manufacturer of heavy-duty vehicles for cargo with eleven manufacturing plants. Mexico is one of the biggest manufacturing countries and is the leading global exporter of tractor trucks and largest exporter into the United States with 81 percent of its production. The United States-Mexico-Canada Agreement ( USMCA) increased regional value content rules to 75% putting Mexico in a strategic position to capture auto parts previously imported from outside North America.
#Pemsa mexico free#
Mexico’s 12 free trade agreements with 46 countries and its strategic location in North America gives it unparalleled advantages in proximity and cost savings for car parts manufacturers, automotive aftermarket companies, and OEM assembly plants. Now there are over 30 automotive OEMs in Mexico and over 1,100 Tier 1, and a few thousand Tier 2, and Tier 3 car parts manufacturers and suppliers clustered throughout twenty-four states to support the automotive sector in Mexico. The automotive industry in Mexico represents a significant manufacturing sector with 79% of production exported to the United States.īuick installed the first automotive production plant in Mexico in 1921, with Ford Motor Company following in 1925 and General Motors in 1935.