From purchases to investments in new companies for the supply of parts and components with technology, the country has aroused the interest of corporations from nations such as Malaysia and India, who seek to operate from their territory and serve the North American market.

Mexico seems to recover the role of being a great player in the global automotive industry and the need for supply in the automotive chain in North America has caused an interest in strengthening the supply demanded by the T-MEC, whose capital amounts will be around US$ 3,000 and 4,000 million annually, projected Francisco González, executive president of the National Auto Parts Industry (INA).

Check here: The BTS project demand for the corridors of Ciénega de Flores and Salinas Victoria in Monterrey

From making purchases to investing in new companies for the supply of parts and components with technology, Mexico has become the "diamond", awakening the interest of large corporations from Malaysia, India, Turkey, Taiwan, Colombia, in addition to Japanese, German and American to do business, operate from here and serve the North American market.

"We are managing to bring back companies that went there, precisely because of this supply chain, which was hit by the closure of ports, but also by the increase in container costs," said the manager.

Until the first quarter of this year, Mexico received US $524 million for Foreign Direct Investment (FDI) in the auto parts sector and it is estimated to exceed US $3,000 million.

"From the INA we see two important points that will transform the industry: the T-MEC and nearshoring, which are being the engine for auto parts," said the executive president of the Industry, noting that Mexico is the fourth largest producer of auto parts and America's leading supplier.

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Francisco González affirmed that to the extent that electric vehicles have greater market penetration, auto parts manufacturers "are preparing ourselves to take advantage of new opportunities."

In addition, the industry not only supplies OEMs (original equipment manufacturers), but also supplies the auto aftermarket sector, which is forecast to be worth $31.5 billion by 2024, and is currently hovering around $28 billion.

Production will reach US $102 billion. This means a growth of 4% compared to 2021, which is a reflection of the workforce.

The above, he said, is the result of nearshoring: they are Asian companies seeking to supply North America from Mexico, and reshoring are European and US companies that went to Asia and are returning.

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Original note