The Automobile industry in India is one of the fastest growing industries, among all automobile industries in the world. By the years, 2016-2020 the turnover potential of the Indian Automobile industry is expected to rise from US$ 66.4 Billion – US$ 113 Billion that signifies a huge growth for all involved in the investment, manufacturing, engineering and supplying automobiles from the country. Wages and salaries will increase, more investments will be made by the Government, and steady rise in Automobile recruitment will be seen.
The recent data which are revealed via news regarding number of job openings in all sectors of Automotive Industry states that by 2016, employment number will increase from million to billions (approx. 600000 crore) to leverage the production plants in the industry. Currently, 80 lac people are employed in this expansive industry, according to the confederation of Indian industry.
How is it going to change the career map of talented individuals?
With the recession decreasing its effects from the global market, positive changes within the automotive industry is anticipated. The sales ratio will be more than double, constant automobile recruitment will be required, hiring CXO will be a must in branded & non-branded companies.
Moreover, the latest developments in the Automobile recruitment service industry would be to manage the huge number of hiring that includes placing talented individuals for their long-term career prospects. Job openings range from R&D – Design and Development to CEO position with well-known companies. Impeccable HR offers expert HR Advisory and recruitment facilities to Automobile and BFSI industries since a decade.
By 2020, self-governing cars will take over Indian Automobile industry. More than 50% cars will use diesel and 30% increment in two-wheeler manufacturing along with a growing need of parking space. 2016-2020, there are bright chances to fill that excellent spot of driving a billion invested company and to fast-forward its strategy implementation with the help of Executive Search Consultant’s like Impeccable HR. India is highly favored by competitive auto-ancillary industry, one of them is Italian automotive brand along with steel producers, highly skilled & affordable manpower, new R & D centers, talents are now going to be seen and hired in bulk, more often than not.
Which sectors are likely to see a high rise in Recruitment?
- Private Equity Funds
- Transportation Service Providers
- Original Equipment Manufacturers (OEM)
- Tier One, Tier Two, and Other Suppliers
- Retailing and Dealership Groups
- Aftermarket Part Suppliers
- Automotive, Truck, and Specialty Vehicles
- Private Equity Funds
Finding and retaining leaders in these sectors are a must for the Automobile industry. There is a substantial gap that needs to be filled by identifying, developing and retaining talented individuals. The automotive leader needs to have a strategic vision, passion to grow the company, versatility in locating global talent, marketing expertise & a capability to calculate risks prior to plan execution. Success of the next generation will only depend on how HR Consultants will screen good candidates and recruit them for the benefit of both the company and themselves.
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