This is a publication that analyzes key factors to be evaluated by investors wishing to enter or expand in the automotive industry in our country.
The industry is the most important in Mexican manufacturing industries and accounts for approximately 3% of GDP, 14% of manufacturing output and 23% of total exports. It also generates 30 billion dollars in revenue, representing 6% of foreign direct investment (FDI) and directly employs almost 500,000 people.
Mexico has many competitive advantages in the global automotive industry, including:
- Low costs combined with high productivity and skilled labor
- Free trade agreements with several countries
- Geographical proximity to the EU car market, which allows lower transport costs and faster time to market
The paper examines the landscape of opportunities this industry, the major investments that will make the world’s leading companies in the sector in coming years, the benefits of these investments and how to evaluate the market to establish an entry strategy.
To download 20-page report, please click here.
Source: KPMG Mexico – GAI