Heavy vehicle production soars 42% to new record

Heavy vehicle production soared 42% to a record 85,965 units in the first five months of the year.

According to the National Association of Bus, Truck and Tractor Manufacturers (ANPACT), the growth was fueled by rising demand from the United States and the production of more environmentally friendly vehicles.

Of the vehicles produced, 69,822 were exported, 35.24% more than in 2018. However, the export numbers were still lower than in 2015.

Mexico is one of the biggest producers of heavy vehicles in the world, and the leading exporter of semi-trucks after having taken that title from Germany. Over the past nine years, exports of heavy trucks have gone up 192%, and 90% of those exports have gone to the United States.

ANPACT president Miguel Elizalde told the newspaper El Economista that the Mexican automotive industry produces vehicles with environmentally friendly technologies that are some of the most advanced in the world, but most of them are exported. To fuel continued growth, Elizalde said, more clean vehicles should be produced for the domestic market.

“We need to have total availability of ultra-low-sulfur diesel so that these clean technologies can be put to work,” he said. “The availability of ultra-low-sulfur diesel and the systematic upgrade of vehicles will have benefits for the health of Mexicans, and will also allow us to weather possible slowdowns in demand from our trading partners.”

Source: El Economista (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
Mexico City, Mexico - August 25, 2021: Aerial view of BBVA bank tower

With ‘Smartshoring Mexico,’ BBVA aims to aid arrival of Spanish investment

0
The Madrid-headquartered bank's newest service aligns with plans to double bilateral trade with Mexico, as well as expand mutual investment by 50% in the next four years.
CNTE campamento

With direct talks broken off, police prepare for more protest actions from CNTE

0
The teachers' union rejected the government's "final" offer and proceeded to take over highway toll booths on Monday. There are signs, however, that the members' resolve is starting to wane.
Joel Bravo

Armed men kill Oaxaca mayor who had requested government protection

0
According to party representatives, Mayor of San Miguel Amatitlán Joel Bravo had told state authorities that he feared for his life and asked for protection from the state government at a regional security meeting on May 11.
BETA Version - Powered by Perplexity