UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    Form 6-K

       REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934



For the month of     March     , 2003
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                               DESC, S.A. DE C.V.
                               ------------------
                 (Translation of registrant's name into English)



PASEO DE LOS TAMARINDOS 400-B, BOSQUES DE LAS LOMAS, 05120 MEXICO, D.F., MEXICO
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                     (Address of principal executive office)



Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.

Form  20-F [X]         Form 40-F  [ ]



Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ]   No [X]




                                   SIGNATURES


           Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.




                                        Desc, S.A. de C.V.
                                        ------------------
                                        (Registrant)


Date: March 31, 2003                    By  /s/ Arturo D'Acosta Ruiz
--------------------                        ---------------------------------
                                            (Signature)

                                             Name: Arturo D'Acosta Ruiz
                                             Title: Chief Financial Officer












                                       2

                                  EXHIBIT INDEX




                                                                     Sequential
        Item                                                         Page Number
        ----                                                         -----------
1.      Notice to Shareholders, dated March 27, 2003, announcing
        Registrant's payment of a cash dividend.                          4































                                       3