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Published by Invest Monterrey

Monterrey Strengthens Auto Industry Leadership with $4.16 Billion Investment in 2024

The latest Automotive Industry Mapping 2025 report by Cluster Industrial reveals the full strength of the Monterrey auto industry, confirming its leadership across Mexico’s automotive landscape. With a growing base of over 860 automotive-related companies, including OEMs, Tier 1/2/3 suppliers, and specialized service providers, Monterrey is solidifying its role as a regional and national production hub.
 

In 2024 alone, the sector in Nuevo León generated more than 110,000 direct jobs, powered by strategic activity in powertrain manufacturing, electronics, transmissions, and e-mobility technologies. These figures not only reflect economic strength, but also point to a robust and diversified supply chain rooted in innovation and global competitiveness.
 

Engine modeling by plant workers
 

Strong Vehicle Output and High-Profile OEM Activity

Vehicle production in the state remains strong, with 270,700 light vehicles manufactured in 2024—driven primarily by KIA’s plant in Pesquería. That number is expected to rise to 289,000 units in 2025, further solidifying the region’s production leadership.
 

Monterrey is also a top performer in the heavy-duty vehicle category, with 194,000 trucks and commercial vehicles assembled in 2024. Leading global manufacturers like Daimler and Navistar continue to play an essential role in positioning the region as one of the few in Mexico with extensive production across both vehicle categories.
 

Car manufacturers in the northern region of the state
 

Growth in Electric Vehicles and Clean Mobility

Another standout in the Monterrey auto industry is its growing role in electric vehicle (EV) adoption. In 2024, EV sales surged to 11,773 units, representing a 56% increase from the previous year. With 2025 projections set to surpass 13,000 EVs, Monterrey now ranks as Mexico’s third-largest EV market, accounting for nearly 9.5% of national sales.
 

This momentum reflects the region’s increasing appeal to forward-looking manufacturers and consumers alike, driven by a mix of infrastructure, talent, and environmental policy.
 

Electric car plant that is planned to be positioned in Monterrey's manufacturing region
 

Record-Setting Investment Projects Fuel Expansion

The automotive sector’s performance was matched by a wave of new investment. In 2024, the state announced 22 automotive projects, including new plants, facility expansions, and supplier operations, totaling over USD $4.16 billion. Momentum has carried into the new year as well, with $250 million in additional investment already confirmed in the first quarter of 2025.
 

These numbers underscore the strategic importance of the Monterrey auto industry—not just as a manufacturing center, but as a forward-thinking hub for innovation, clean energy, and long-term industrial growth.
 

Almost fully developed car, being delivered in line for final details of manufacturing
 

To check out more news about Monterrey’s Investments, visit: Invest Monterrey News
 

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