The relocation of suppliers is already translated into a greater demand for components for the local automotive industry, reflected in the arrival of new investments, expansions of production centers and more purchase requirements.

The president of the Querétaro Automotive Cluster, Renato Villaseñor Mendoza, added that they are aware of at least five new investment projects for the sector, Tier 1 and Tier 2 companies, of European and Asian origin.

Of interest: Industrial demand is inclined towards speculative projects at the national level

These are projects that are in the management process to reach the state; He explained that the installation of a new production center can take even more than a year.

The development of infrastructure to increase the electrical capacity of Querétaro -he commented- will allow the supply of electricity not to be a brake on the arrival of more companies, as is the case with these investments.

In addition to nearshoring, another component that affects industry productivity is the forthcoming entry into force of the regional value content rules of the Treaty between Mexico, the United States, and Canada (T-MEC).

With the passage of the first quarter of the year, the local automotive industry reports positive growth that strengthens annual forecasts. The president of the cluster said that they started the year with a growth in a range of 4 to 6%, but currently it is between 5 and 7%, these are variations that are within the growth projection that was set in a parameter of the 5 to 10% to end 2023.

Consult here: Querétaro, an industrial market with immediate offer for the arrival of investments

At the moment, the auto parts production forecasts are being met in most cases; and according to the reestablishment of the supply chains that, although they have not fully stabilized, are advancing in their recovery.

"Let's remember that the assemblers had empty yards because there were no components, as there is a fruit -it has not yet been regularized, but the flow is increasing- the assemblers are taking advantage to recover those inventory levels that were there to be able to give more response to the consumer, then the auto parts industry in Querétaro is benefiting in general," he said.

However, some brakes persist in the supply chains: such is the case of Volkswagen that in Puebla stopped the assembly lines for a month, a situation that has had an impact, but -he added- in the end the overall balance is positive.

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Original note