In recent time, Mexico is rapidly becoming a global leading location for the automotive industry Assembly and manufacturing plants in Mexico, take advantage of its strategic location, and low labor costs.
Some examples of products being offshore manufacturing in Mexico are sheet metal, light-duty motor vehicles, gasoline & engine parts, electrical & electric equipment, steering & suspension components, brake systems, transmissions and powertrains, seating and interior products, metal stamping, and electrical components.
Here are some important facts about the automotive industry Mexico
- Wages are 60-80% below that of the U.S.
- Mexico is the 10th largest vehicle producer in the world, with its auto industry attracting an average sum of $2 billion U.S. per year in direct foreign investment
- Mexico is the single largest exporter of auto parts to the U.S.