The vehicle temporarily imported by the owner may be driven in Mexico by the spouse or adult children, as long as they have the same immigration status. Other persons may drive the vehicle as long as the owner is in the vehicle.
http://www.mexonline.com/drivemex.htm
As long as you and your friends have valid licenses that permit you to drive within Mexico you should be fine. Many countries do however expect the vehicle owner to be present in the vehicle when it is being operated. You might want to check with the Mexican embassy to see if you need to have your proof of auto ownership on hand as well.
Credit:stackoverflow.com‘
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