Mexican Auto Parts achieve record-breaking May production and eye motorcycle sector opportunity

In the last decade, imports of motorcycle parts have surged by 217%

The National Autoparts Industry (INA) has disclosed that Mexico has solidified itself as a producer of components for motorcycles, resulting in nearly a 22% reduction in imports for this sector by driving national industry growth.

Over the past decade, imports of motorcycle parts have surged by 217%. Seats, tire chambers, headlights, turn signals, and chassis are the top five parts Mexico imports the most from around the world, presenting a significant opportunity for the country.

Armando Cortés, Director General of INA, explained that China is Mexico's leading partner in this sector, representing nearly one out of every eight imports of motorcycle components in the country, followed by India at 8%, and the United States at 6%.

Approximately 1.2 million motorcycles were sold in Mexico in 2022, representing a significant opportunity to meet the demand in the national supply chain and the aftermarket.

Regarding the overall performance of the autoparts sector, Cortés reported that it continues to show robust growth, with a May production value of $10.475 billion, the highest ever recorded for any May in the history of autoparts production in Mexico. This marks a 26% increase compared to pre-pandemic levels and a nearly 21% rise from the previous year.

He also noted that employment levels have experienced sustained growth, mirroring the increase in autoparts production value, with approximately 896,000 jobs in the automotive components sector in May.