Around 20% of Brazilian automobile production concentrate in Minas Gerais.It is expected that the state's auto parts market, of about R$ 35 billion worth, reaches an approximate value of R$ 74 billion until 2020, representing the largest growth in Brazil. Besides, the auto parts industry has a great representativity holding 13,5% of overall Brazilian sales. Follow other characteristics of the market.
Lower average cost of workforce in comparison to São Paulo and Rio de Janeiro states
Even with a highly skilled workforce, the average workforce cost is, in average, significantly lower than in Rio de Janeiro and São Paulo states.
IPI (Brazilian Tax over Industrialized Products) tax credit of up to 30 percentage points.
Inovar-Auto - Programa de Incentivo à Inovação Tecnológica e Adensamento da Cadeia Produtiva de Veículos Automotores ( Program of Incentives on Technological Innovation and Automobile Vehicles Productive Chain Consolidation) launched the foundations for an increase in competitiveness on the automobile segment. The purpose is to manufacture vehicles that are more economical and safer, invest in supply chain, Engineering, basic industrial technology, research and development and supplier training.
2nd largest center of companies in the segment of manufacturing parts in Brazil
Sindipeças: In 2013, the state presented 2nd larger company concentration of the Auto-parts segment.
2nd largest automobile plant in the world
Universidade Federal de Minas Gerais, UFMG, and Pontifícia Universidade Católica, PUC Minas, offer the best Control and Automation Engineering in Brazil according to the market evaluation.
UFMG – Mechanical Engineering course - 2nd best in terms of market evaluation.
PUC Minas and Universidade Federal de Uberlândia, UFU, are ranked amongst the 20 best Mechanical Engineering Courses.
UFMG – The Electrical Engineering course is ranked amongst the 5 best courses and is the third best in terms of market evaluation according to Ranking Folha 2014 (Folha de São Paulo is one of the most eminent press corporations in Brazil).