The Indian government is fast-tracking electric-car investment policies and is anticipating investments between $8-10 billion in the space this year By 2026, India’s automotive industry is expected to be one of the world’s leading adopters of cutting-edge electric technology, engineering expertise, and manufacturing capabilities as well as being a significant exporter.
A key discussion point regarding the shift from traditional fossil fuels to electric vehicles is how it will affect the automotive components industry and the employment opportunities associated with it. Both technologies require a distinct skill set and the ecosystem needs to be aligned to meet those needs.
It is estimated that EV companies will create up to 7.5 lakh new jobs in the next five years. Measures are being taken to foster a supportive environment for companies and investors, as well as creating opportunities for skilled and unskilled labor to sustain the fast expansion of the automotive sector. The schemes include —
● Bharat NCAP for vehicle safety assessment
● EV charging stations under the FAME India Scheme I & II
● Battery swapping policy
● Incentives to automotive companies linked to production
On the workforce front, the government’s apprenticeship scheme has also enabled the industry to effectively recruit and train new talent. The increased complexity of the new automobile standards have pushed both employers and employees to stay ahead of the curve by focusing on upskilling and reskilling.
We extensively covered the auto-industry in our Decoding Jobs 2023 Report. Here are some key points concerning the hiring landscape in the industry:
Skills and Roles in Demand
More specialized roles are coming up in 2023 compared to 2022, where the demand for AI/ML and big data analysis will be high. Preference will be for candidates with expertise in fuel cells, system engineering, program management, and battery management- all skills needed to effect a shift to electric mobility.
Hiring in Tier-II Cities
Automotive companies are also going beyond tier-I cities to hire the right talents across production, manufacturing, and management. There is a 66% hiring intent in tier-II cities compared to 44% in tier-I cities.
Women in EV
Additionally, the auto industry has seen an increase in the hiring of women, from 21% in 2022 to 24% in 2023, particularly for technological roles, spurred on by the growing demand for sustainable mobility solutions.