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More Investments for the Auto Part Industry

Karla Salinas | 04.07.2016

There are approximately 1,300 factories of this sector in Mexico

The auto part industry might receive this year between $1.5 and $2 billion, due to the expansion and arrival of new participants in the sector, said Oscar Albin Santos, President of Mexico's National Auto part Industry Association (INA). 

Mr. Albin weighed in that the currency exchange with a stronger dollar, has benefited this industry and its capacity to export, as nearly 65% of auto parts produced are shipped to U.S. and Canada. 

Likewise, a 3% to 4% increase in the auto part industry is expected, reaching a $86 billion production. 

There are approximately 1,300 factories of this sector in Mexico, mainly in Tamaulipas, Coahuila, Nuevo Leon and Chihuahua, while the Bajio zone concentrates 30% of the auto part manufacturing production.

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