Mexican Automotive Industry Accelerates with the Mastretta MXT
Derived from Mexico’s manufacturing production approach, the Mexican automotive industry has experienced unprecedented growth over the past 15 years. In fact, Mexico is the tenth global automotive producer, with production of 1,591,052 units in 2009, only behind China, Japan, USA, Germany, South Korea, Brazil, India, France and Spain, in that order.
According to a study by AT Kearney, Mexico can aspire to a growth in its automotive industry by 2015 from U.S. $ 78 billion dollars, and in 2030 of $ 118 billion, which would triple the industries actual value and will represent a much higher growth rate than those countries who lead the global production. This growth will occur because Mexico can attract -in the short term- investment in auto parts companies that are now in countries like the United States, Canada and Japan. According to this study, Mexico must focus on attracting Asian automakers to the suppliers of commercial vehicles, suppliers to enter Chapter 11 seek to increase its cost competitiveness, and technology companies that can boost technological development in the country. Additionally, to these investments, it is important to note that there is still enough room for suppliers that are already in Mexico to increase their production plants in the country, especially for the European producers.
However, being a worldwide leader automobile producer has generated innovation that has spilled over to the development of proudly Mexican high performance cars, like the Mastretta. Mastretta cars are a division of the company Tecnoidea SAPI de CV, a Mexican engineering and design based in Mexico City. The company has over 20 years experience in the transportation industry, where through creativity, innovation and technology assists other companies to create from concept to successful product development.
The Mastretta MXT is a manual five speed car, with a four in line cylinder motor which reaches a maximum speed of 149 miles per hour. The production of these high performance cars will not only demonstrate the progress that Mexico has achieved, both in engineering and vehicle design, but also Mexico’s importance in the global automotive industry.
Mexico is a country listed in the auto industry as one of the largest producers with higher growth potential and is also beginning to dabble in high-performance cars. The results of leaving behind being a commodities export country and focusing in high value added manufacturing is starting to reap benefits and innovation and entrepreneurship are blooming. Let´s acknowledge our accomplishments and just distinguish what it takes to reach the next level.