Official knowledge final week confirmed that Mexico’s auto manufacturing and exports fell in January from a yr earlier, the seventh straight month-to-month decline, because the COVID-19 pandemic shocks and the semiconductor scarcity has harm the sector.
A world semiconductor scarcity that has weighed on Mexico’s auto sector ought to normalize all year long and chip provide ought to attain pre-pandemic ranges within the second half of 2022, the Mexican Automotive Industry Association (AMIA) mentioned on Tuesday.
“We expect the shortage of semiconductors to stabilize throughout the year and towards the second semester they may return to levels that we had prior to the pandemic,” AMIA head Fausto Cuevas mentioned in a press convention.
Official knowledge final week confirmed that Mexico’s auto manufacturing and exports fell in January from a yr earlier, the seventh straight month-to-month decline, because the COVID-19 pandemic shocks and the semiconductor scarcity has harm the sector.
A return to extra regular provides of semiconductors would permit Mexican carmakers to extend use of put in capability.
“It seems to me that every time there’s enough supply (of semiconductors), carmakers recover their previous capacity levels as soon as possible,” Cuevas added.
Vehicle manufacturing fell 2% in 2021 in contrast with 2020, the fourth consecutive annual decline, because the semiconductor scarcity in latest months prompted automakers in Mexico and the remainder of North America to implement rolling shutdowns, curbing output.
AMIA has beforehand estimated output is not going to return to pre-pandemic ranges till late 2023 or in 2024.
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With inputs from NDTV
