Mexico is now positioned globally as the fifth largest importer of auto parts and raw materials to supplement production lines installed at car assemblers in Mexico, said Oscar Albin, CEO of the National Auto Parts Industry (INA). "Just last year the value of these transactions reached US$35 billion, reflecting the potential of the auto parts industry to provide further impetus to the development of suppliers in the country," he said.
This figure represents just over 46 percent of the production value of the industry at the end of last year, which was US$75 billion, and which is estimated to reach US$90 billion the next six years, according to figures from the agency.
Marcelo Lopez Sanchez, Secretary of Sustainable Development in Queretaro, said that the greatest opportunities are for Tier 2 and Tier 3 (commodities without design, such as screws) products.
He said that about 300 companies in the auto industry are installed in Queretaro, mainly because they use the strategic location to meet the companies located in the Shoal and north of the country, as well as for quality technicians and engineers developed in the state of Queretaro--benefits that can be exploited by new suppliers in the region.