Overview

• Officials reported an investment of more than 280 million pesos for the site, while a separate report cited about $15 million.
• The plant in Vesta Park was opened on August 27 by Governor Tere Jiménez as TAFE targets production of 2,000 units over the next three years.
• Initial assembly will use components imported from India as the company engages local suppliers to raise regional content.
• Aguascalientes was selected for its strong automotive supply base, and TAFE has also established a commercial office in Querétaro.
• The company plans to serve Mexico first and explore Latin American markets next, citing a reported 50% U.S. tariff on Indian-origin goods as a constraint on near-term exports.