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Mexico’s automotive industry ranks as the 8th largest vehicle producer in the world and the second-largest in Latin America. The automotive sector accounts for 17.6 percent of Mexico’s manufacturing sector and 3 percent of its national GDP contribution.
Source: Arnia and INA
There are currently nine manufacturers in Mexico: General Motors, Chrysler, Ford, Nissan, Fiat, Renault, Honda, Toyota, and Volkswagen.
This manufacturing base produces 42 brands in 20 manufacturing plants. Nissan, GM, Volkswagen, and Honda plan to increase their production in Mexico while Fiat, Audi and Mazda are currently opening up new plants for vehicle manufacturing in Mexico.
Vehicle production in Mexico has almost doubled in the past three years.
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