Tuesday, November 19, 2024

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.
President Claudia Sheinbaum speaks into a microphone at the G20 summit in Rio de Janeiro, Brazil

Sheinbaum makes her first international appearance as president at G20 summit in Rio

12
The Mexican president proposed "the biggest reforestation program in history" and met with leaders of the U.S., Canada and China, among others.
Members of the Mexican Marine seize a marijuana plantation.

Navy destroys ‘Chapitos’ marijuana fields in Sinaloa after capturing faction leader

0
On helicopter patrols over rural Sinaloa, Navy personnel spotted a large field of suspicious plants.
President Claudia Sheinbaum stands with a Mexican flag

​​Sheinbaum included in TIME’s list of top 100 climate titans

0
The president hopes to kickstart Mexico's renewable energy transformation, but Pemex debt could throw a wrench in her plan.