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Some of the automotive factories in Mexico have been forced to suspend their production due to the lack of chips that affects different industries around the world. The statistics institute revealed that in October automobile production fell by 25.9%.
Vehicle assemblers in Mexico saw their best month since June this year in terms of production in October. However, the figure is well below the records of the 10th month of 2020.
According to a report by the National Institute of Statistics and Geography (Inegi), automobile production in Mexican plants fell 25.9% annually in October, that is, compared to the same month last year.
In total, 257,813 units were assembled, around 90,000 down from the 347,906 produced in October 2020.
The explanation has to do with the global shortage of semiconductor chips, which has forced the automotive industry to suspend its operations, not only in Mexico.
The brands with the greatest decreases in the production of light vehicles during October 2021 were General Motors, Kia Mexico, Volkswagen and Audi, revealed Julio A. Santaella, president of Inegi.
This is the “lowest level for a month of October since 2011. When compared with the prepandemic level (October 2019), production shows a lag of 19.37%”, according to Gabriella Siller, director of economic analysis of Base Bank.
The automotive industry represents 3.8% of the national Gross Domestic Product (GDP) and 20.5% of manufacturing GDP, more than any other sector, according to the Mexican Association of the Automotive Industry (AMIA).
With EFE
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