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The latest edition of Mexican Supplier Report offers an informed perspective on the current status and the way ahead for Mexico's automotive industry. Specifically, the report provides an overview and outlook for the country's macroeconomic environment, production, sales, imports and exports of light vehicles (LV) and automotive parts. The report lists all significant investments recently announced by automakers and suppliers that will further augment the country production prowess. IHS forecasts annual light vehicle production in Mexico to grow from 2.92 million units in 2013 to 4.47 million units in 2020, an increase of 53%.
Today, Mexico is one of the world’s most competitive production and export hubs for vehicle and parts manufacturers, thanks to its relative low-cost labour, strategic geographical location and a host of free trade agreements (FTAs) with key international markets – the country currently has 12 FTAs covering 44 countries and is a member of the proposed 12-country Trans-Pacific Partnership (TPP), which is expected to open new trade frontiers for the country in future. Currently, cars and commercial vehicles produced in Mexico are mainly exported to the United States, Canada, Latin American countries Brazil and Argentina, and some European and Asian markets.
Mexico also boasts a highly skilled workforce, consolidated supply chain, stable economic and political environment, and favourable investment and export conditions. The general business environment is expected to improve further in future as its federal government plans to implement reforms in the economic and financial system.
The report includes a series of 74 supplier profiles from suppliers either based in Mexico, or the localised operations of global tier-1 and tier-2 suppliers. These profiles provide you with relevant data on corporate strategy, investments, product offerings and contact information built from SupplierBusiness research.
The report leverages IHS SupplierBusiness’ WhoSuppliesWhom database of supplier-OEM relationships and also utilises IHS Automotive’s Light-Vehicle Production Forecasts; the industry standard for automotive forecasting and analysis.
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