Friday, September 13, 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.
The Interoceanic Train

Coatzacoalcos-Palenque stretch of Interoceanic Train to start operations

1
With the new route operational, goods and passengers will be able to travel from Oaxaca to Veracruz to Chiapas then connect to the Maya Train network.
A National Guard agent in Sinaloa

11 killed in shootout at Sinaloa-Nayarit border

0
The shootout was reportedly between members of the Sinaloa Cartel and the Jalisco New Generation Cartel (CJNG).
Ismael "El Mayo" Zambada mugshot

Ismael ‘El Mayo’ Zambada pleads not guilty in NYC court

0
Zambada, aged 76, is facing 17 felony charges and could be eligible for the death penalty if convicted.