Vehicle output totaled 209,296 units in the last month of 2020, up from 170,504 units a year before. Volumes, however, were 12.1% lower than 238,200 units in November.
Full-year production in 2020 was 2.01 million units, a 31.6% drop from 2.94 million units in the previous year, after restrictions to fight Covid-19 first closed the majority of producing plants and later enforced social distancing, seriously reducing productivity.
According to Anfavea, carmakers in the country have capacity for around 5 million units per year. This meant that roughly 60% of capacity was idle during 2020. For 2021, the association expected 2.52 million units in output, or 25% growth.
“We were...
