On November 3, it was reported that Mexico’s Chamber of Deputies approved amendments to the Income Tax Law (ISR) under which certain automotive manufacturers will be exempt from newly introduced limits on corporate tax deductions.
Under the tax reform proposal submitted by the Mexican government in September, compani

On October 28, the Mexican government announced that Mexico and India formally began negotiations for a Preferential Trade Agreement (PTA), after signing Terms of Reference (ToR) establishing the framework, scope and roadmap for the negotiations. Unlike a full Free Trade Agreement (FTA), PTA lowers or eliminates tari

On October 27, the Mexican government announced that the Ministry of the Interior (Segob) held a meeting with the National Chamber of Cargo Motor Transport (CANACAR) and other freight transport organizations to address their demands and establish a framework for further negotiations.
The parties agreed to create work

On October 14, the Mexican government announced the opening of a call for investors to become partners in Olinia, the country’s electric minimobility project.
The new company will manufacture, distribute and commercialize Olinia vehicles, with majority Mexican ownership and minority government participation.
The comp

Progress toward a U.S.-Mexico tariff agreement has stopped after opposition from Commerce Secretary Howard Lutnick, the Wall Street Journal reported on October 15, citing people familiar with the negotiations.
The two countries had been working toward a deal to lower U.S. tariffs on steel, aluminum and automobiles in

Mexico’s Plug-in Electric Vehicle (PEV) market is growing quickly, but adoption and charging access remain heavily concentrated in a handful of major metropolitan areas. Disparities in public network rollouts, residential charging access, and the commercial case for new charging sites across states mean that Mexico’s

On October 13, it was reported that the Mexican government eliminated the 10% import tariff on auto parts and components used for vehicle assembly for a five-year period, effective October 14.
The measure modifies Mexico’s General Import and Export Tax Law tariff schedule and applies to tariff classification 9803.00.

Mexico’s government is increasingly confident regarding a potential trade deal with the U.S. that would include reduced tariffs on exports including steel, aluminum and light vehicles, according to multiple Mexican officials familiar with the situation.
The two countries are currently working on details of an agreeme

South Korea and Mexico signed or agreed on a total of 17 cooperation documents between their respective ministries and institutions on the occasion of the bilateral summit held on September 24, 2026. In the economic and industrial sectors, the two countries signed the “Initiative for Economic, Industrial and Resource

At this year’s Mexico Nearshoring and Logistics Auto Industry Summit 2026 in Mexico City, where GlobalData participated in the “Automotive Market Forecasts and Industry Trends” panel alongside other leading voices in the market, one theme underpinned nearly every question: whether Mexico can convert its expanding rol

On September 10, it was reported that Mexico’s Consejo Nacional de Organismos Empresariales (COE) proposed incorporating some of the 611 workers who recently left Volkswagen Mexico’s Puebla plant into the Olinia electric vehicle project.
The 611 workers departed following production and shift restructuring at Volkswa

Mexico and the United States are working to reach a bilateral trade deal before U.S. midterm elections less than eight weeks away, according to sources in both countries familiar with the talks.
"We both want to reach a deal before the midterms," said one Mexico-based source, who spoke on condition of anonymity. For

On August 27, Guanajuato Puerto Interior and Grupo Azvi highlighted the development of the Puerta Logística del Bajío intermodal dry port in Celaya, Guanajuato, as a strategic logistics hub for the Bajío region.
The project's first phase includes an investment of MXN 2.5 billion and will feature automotive, agricultu

On August 24, multiple sources reported that Mexican President Claudia Sheinbaum has expressed optimism that she can reach a trade deal with President Trump as her chief negotiator leads talks in Washington, following collapsed negotiations between the U.S. and Canada.
“As President Trump said, we hope to reach an ag

On August 20, the government of Mexico announced that the Olinia project will launch a public call at the end of September to select companies that will participate in the industrial production of the Olinia Carga electric mini-commercial vehicle. Commercial sales are targeted by the end of 2027.
The initiative seeks

The Sheinbaum administration in Mexico is considering plans to impose further trade restrictions and higher import taxes on products from China and other countries to better align itself with U.S. interests, according to four people familiar with the matter.
Mexico’s economy and finance ministries are evaluating whic

Mexico continues to call on the United States to refrain from imposing additional tariffs while talks on the USMCA review are underway, Economy Minister Marcelo Ebrard said on August 13.
Ebrard said the government is seeking lower U.S. tariffs on Mexican-built vehicles and steel, arguing that Mexico's automotive indu

On July 21, Hyundai Mexico said it has changed the production source of the Creta SUV from Indonesia to Vietnam to avoid Mexico's 50% import tariff on vehicles from countries without a free trade agreement.
The company said the change will take effect in August and will allow it to maintain the model's current pricin

Trade negotiators from the U.S. and Mexico met in Mexico City on July 21 for the third bilateral round of negotiations to revise the United States-Mexico-Canada Agreement (USMCA). The negotiations will take place across three days and are the first formal negotiations between the countries since the Trump administrat

Mexico will ask the U.S. to eliminate tariffs on automobiles, steel, and aluminum during the USMCA review scheduled for July 21. Mexico President Sheinbaum’s administration submitted a 13-point agenda to restore certainty for manufacturers and prevent future unilateral trade actions.
Mexico’s Economy Secretary Marcel