Edgar Nava García: Importance of the Automotive Industry for the Mexican Economy

Edgar Nava García, President of Gruconsa and Puebla Automotive, gives his assessment of the Mexican economy, stressing the importance of the automotive industry.

“Mexico is going through an important moment, as are most emerging economies, in my opinion. Allowing for the fact that Mexico is a country which depends heavily on oil, and with the fall in world prices for this commodity, Mexico is fortunately well poised to face it; having prepared well through other measures, such as fiscal reforms, which affected the business community indirectly in some respects, thus ensuring Mexico had a more buttressed economy and enjoyed less dependence on the oil sector. On the other hand, Mexico today has become one of the leading countries worldwide –and if I’m not mistaken, it’s up there in second or third place– when it comes to manufacturing vehicles for the world market. Not in terms of consumption, but certainly in terms of their manufacture. This has provided us with an important boost”, he says.