Friday 24 May 2013
Mexico City.- Auto parts manufacturers soon to establish in Bajio Region in central Mexico will increase annual manufactures by the sector from US$65 billion to US$80 billion by the end of 2014. Most of these companies are based in Japan and will start establishing this year in Mexico to supply Honda and Mazda in Guanajuato and Nissan Mexicana in Aguascalientes.
Oscar Albin, President of the Mexican Auto Parts Industry Association, INA, said that this is expected to generate 15,000 new jobs in the sector within 12 to 18 months. As far as expectations for auto parts industry in 2012 is concerned, Mr. Albin said that growth is expected to be 8% over the US$65 thousand produced in 2011.
However, this growth will follow the behavior of the US market throughout the year, since 80% of vehicles components produced in Mexico have the USA as destination.
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