Mexico’s Automotive Manufacturing Market: From Nearshoring Powerhouse to Global EV Innovation Hub
1. Market Overview & Sizing Mexico is the seventh-largest vehicle producer globally and the leading producer in Latin America, with total light vehicle production reaching approximately 4.0 million units in 2025, projected to grow to 4.3 million units in 2026 (+7.5% YoY). The market context is influenced by strong nearshoring tailwinds, USMCA advantages, and electric…