Investment in Automotive

Automotive Investment in Colombia

Colombia is the ideal destination to develop a platform for manufacturing and for the assembly of vehicles, trucks, buses, motorcycles and automotive components, destined to supply both the domestic and regional markets.


  • The automotive industry is comprised of the activity of assembly (light vehicles, trucks, buses and motorcycles) with the presence of 8 vehicle assembly plants, including one manufacturing company, and 7 motorcycle assembly plants.
  • Colombia is the fourth largest vehicle producer in Latin America with more than 130 thousand units per year.
  • In 2014, Colombia registered a new record in sales surpassing 328,000 units, 12% more than in 2013. 34% of sales were locally assembled vehicles.
  • According to Business Monitor estimations, between 2015 and 2019, vehicle sales are expected to grow at an average rate of 5.8%, thus sales will exceed 430,000 units.
  • Utility vehicles along with commercial cargo and passenger vehicles have growth potential for assembly operations. Between 2010 and 2014, sales of utility vehicles grew 17% (CAGR) followed by commercial passenger vehicles with 15.2% and cargo vehicles with 14.9%.
  • Potential for further growth: Colombia is the third country in the region in population and recorded 98 vehicles per 1,000 inhabitants lower than countries like Argentina (301), Chile (228) or Ecuador (131).
  • Vehicle exports grew five-fold since 2009. Mexico, Ecuador, Peru and Chile are the main buyers of vehicles.
  • Colombia is the second largest producer of motorcycles in the region after Brazil. Motorcycle production almost doubled between 2010 and 2014, recording an average annual growth of 16%. The production exceeds 662,000 units.
  • Production in the auto part sector doubled over ten years, going from USD 414 million in 2002 to USD 945 million in 2012, recording an average annual growth rate of 10%.
  • Factors such as the population's greater access to the financial system, growth of the middle class and increase in available income shall continue to be determining factors in national and imported vehicle sales.


These are just some of the reasons to invest in Automotive Industry. We invite you to learn additional details about Colombia and why it is the perfect destination for your projects.

Download here:

pdfInvestment in Automotive Sector 20161.95 MB

Investment Opportunities

Two key niches have been identified for opportunities in the automotive industry: Assembly and Auto Parts:

Installation of vehicle assembly plants to respond to the local market and export to the region

  • Utility vehicles are a segment with growth potential for assembly operations. While in 2010, 1.3% of the total utility vehicles sold were assembled, in 2014, the figure increased to 15%.
  • 73% (220 million tons) of Colombia's cargo is transported by road, which means there is a great opportunity for the assembly of (heavy, medium and light) cargo vehicles.
  • In 2014 sales of cargo vehicles exceeded 21,000 units representing a growth of 16% over 2013.
  • Growth in cargo vehicles also responds to the modernization of the fleet. In 2000, the new fleet of cargo vehicles (under 5 years) represented 19%, and that percentage has now increased to 32%.
  • Around 20,000 (new and replacement) bus units are expected for the integrated public transport systems in Colombia's primary cities and 60,000 buses for the regional market. Bus sales increased by 79% between 2013 and 2014.
  • There are public and private initiatives and incentives that aim to strengthen the sector and its competitiveness, such as the Automotive Industry Promotion Program (PROFIA, for the Spanish original); the Assembly System for the Automotive Industry resulting from the Andean Automotive Agreement and Free Trade Zones.

Installation of auto part production plants

  • The country has specialized in the production of a set of auto parts that allows it to respond to the needs of the assembly companies and the replacement market.
  • Colombia is an important supplier of auto parts to Latin American countries, and therefore, the country can be promoted as an export platform.
  • Colombia has more than 102 companies in the auto parts industry. Approximately 24% is comprised of large companies which have international certificates (QS 9000 and ISO/TS16949).
  • The main destination for Colombian auto part exports is Ecuador with approximately 27.7% of the total, followed by Peru, Chile, Argentina and Panama.


Learn about the principal regions that offer investment opportunities in the automotive industry:

Success Stories

Renault – Sofasa:

  • The French company invested USD 30 million in the assembly of its new Duster model with the aim to supply Colombia and the Latin American region.

General Motors – Colmotores:

  • The U.S. company, General Motors, invested USD 200 million to create its own industrial free trade zone for the stamping process.

Johnson Controls:

  • The U.S. company, Johnson Controls, formed an alliance with Baterías Mac for the production of batteries designed for the local market, Central and South America and the Caribbean.


  • A Japanese company belonging to the Toyota group, invested in 2008 in its assembly plant of buses and trucks to serve the local and regional markets in Colombia.


  • A Chinese company that recently invested more than USD 12 million in its new assembly plant for its SUV and 4x4 models .


  • An Indian company that recently invested more than USD 37 million in its new motorcycle production plant to serve the domestic market in its first phase.


  • A Japanese company with more than 30 years of experience in the domestic market, which currently has a manufacturing plant in Pereira, Risaralda, from which it attends to the local market and exports to countries of the region.

Just two of the reasons to invest in the automotive industry here in Colombia are in assembly and auto-parts, contact us for further information and other potential investment opportunities. 


Investment Specialist:
Fabián Ortiz

Maria Clara Pérez

At PROCOLOMBIA we cater to international companies, large enterprises and foreign government agencies interested in investing in Colombia.

Due to the nature of our activities,we do not attend to individual or personal investment requirements.

We suggest you review our Frequently Asked Questions on Investment in Colombia before you send us your inquiries.

If you are a corporate investor, please fill in our contact form.

Contact Manufacturing
  1. At Proexport Colombia, we are interested in helping you invest in Colombia.
    Fill the form and we will contact you back.

  2. * Please remember fields marked with asterisk (*) are mandatory.

  3. Full Name(*)
    Please enter your full name.
  4. E-mail(*)
    Invalid email, please check the address.
  5. Country(*)
    Please select a Country
  6. Please type your information request(*)
    Entrada no válida
  7. Enter security code
    Invalid Input your social media marketing partner


Find more information about sector opportunities.
view more Agroindustria Manufacturas Servicios


Invalid Input

Invalid Input

Invalid Input


Proexport Colombia  is the bureau in charge of tourism, foreign investment and export promotion in Colombia.

Portal Network