TMASC Sees 55% Vehicle Production Surge in Decade

The Texas-Mexico Automotive Supercluster, (TMASC) encompassing states such as Texas, Nuevo Leon, Tamaulipas, Coahuila, and San Luis Potosi, witnessed a 55% growth in vehicle prediction over the last decade, with combine investments totalling US$10 billion, according to a recent study conducted by Accenture, an international consultancy firm.

During this period, the region's motor vehicle production has escalated by over 600,000 units, reaching 1.7 million units annually. This surge follows joint investments from automakers and their suppliers, significantly buoying the regional economy, as noted by Accenture.

"The increase in motor vehicle production in the TMASC over the last decade has been primarily driven by new OEMs in Nuevo Leon and Coahuila, while production in Texas has remained relatively stable during that period, but it is expected to increase as production accelerates at Tesla's Gigafactory in Texas, “ reads the study.

Accenture's study underscores that the automotive sector in the region now generates 24.5% of the manufacturing value-added, compared to 18.3% a decade ago. Additionally, the TMASC boasts 311 sector suppliers, providing employment to approximately 206,000 individuals.

The surge in vehicle production is expected to continue, especially with the ramping up of production at Tesla's Gigafactory in Texas and the influx of new companies into the cluster.