Automotive

Between the region’s leaders

Colombia is the 4th largest vehicle producer and 2nd largest motorcycle producer in Latinamerica

The automotive and auto parts sectors benefit from the support of the country’s industrial and trade associations.

Local suppliers offer a wide variety of certified auto parts for vehicle assembly.

Assembly of passenger vehicles, cargo vehicles, and bodywork manufacturers:

Motorcycle companies:

Capabilities on the rise

Colombia has the potential to support Tier 1 and Tier 2 automotive industry

The country has suppliers for both specialized automotive components and more basic segments.

*Tier 1 suppliers are companies that supply components or systems directly to Original Equipment Manufacturers (OEMs) in the automotive industry.

**Tier 2 suppliers are companies specialized in manufacturing specific components or parts for Tier 1 automotive suppliers.

Source: UNIDO.

Automotive fleet on the move

Colombia is one of the leading countries in Latin America in hybrid and electric vehicle sales

In 2023, the country registered 31,500 units of hybrid and electric vehicles. A figure higher than those of countries like Argentina, Ecuador, Chile, and Peru.

*Data from January to October 2023.

Source: Automotive industry associations in each country.

Colombia has an abundant supply of qualified labor

This ranking measures the development, retention, and attraction of highly skilled national and international labor to assess the potential for long-term value creation.

Colombia ranks 2nd in Latin America in availability of qualified labor (2024).

	Ranking
	48
	54
	56

	Ranking
	59
	62
	66

Source: International Energy Agency (IEA) 2024.

High-quality mechanical engineering

Bogota accounts for 34% of the country’s mechanical engineering graduates

The city is home to an estimated 23,375 employees in the industry:

57% in the manufacturing of parts, components (auto parts), and accessories for motor vehicles.

23% in motor vehicle and engine manufacturing.

20% in the manufacturing of bodies for motor vehicles, trailers, and semi-trailers.

1	Bogota 12.952 (33.5%)	5	Cali 1.874 (4.9%)
2	Medellin 5.433 (14%)	6	Bucaramanga 1.672 (4.3%)
3	Zona Cafetera 2.948 (7.6%)	7	Others 11.294 (29.2%)
4	Barranquilla 2.483 (6.4%)

Source: Ministry of Education. Refers to graduates in mechanical engineering.

Hello, I’m Carlos Sánchez

Are you interested in automotive industry projects?

As a Senior Investment Officer at Invest in Bogota, I can provide you with the specialized guidance you need to invest in Bogota and the region.