Automotive industry: A 30% local integration target set for 2029
Public authorities are aiming to increase the local integration rate in the automotive industry to 30% by 2029. This initiative, driven by the Ministry of Industry, aligns with the executive decree issued in November 2022 regarding vehicle manufacturing regulations. While progress is underway, the 2027 state budget draft highlights a significant challenge: the scarcity of specialized subcontractors capable of producing the local components required for the automotive supply chain.