Mexican auto parts manufacturers with clients across North America expect a record year after U.S. approval of a trade deal mandating higher regional inputs, but the new rules pose a bigger challenge to carmakers.
Over a period of years, automakers must gradually raise local content to 75per cent of a car's value from 62.5per cent. During the transition to more regional parts production, carmakers face the challenge of reorganizing supply lines. By contrast, the autoparts industry, including Mexico-based Rassini and Nemak and a wealth of foreign suppliers such as Goodyear and Pirelli, grew by 2.2per cent last year.
Manufacturers in Mexico are confident they can take advantage of the 55-60per cent of the market they are not priced out of.
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