News: Auto sector like a silver lining in the gloomy job market

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Auto sector like a silver lining in the gloomy job market

The automobile sector had the best fiscal year with data showing an all-time high sales figures across segments. Read on to know more.
Auto sector like a silver lining in the gloomy job market

As per the latest media report, the automobile sector had the best fiscal year with data showing an all-time high sales figures across segments. For that matter, the cumulative growth for domestic vehicle sales has been 13-15% hitting the double-digit mark for the first time since 2012.

On the back of the sales already registered, and the forecast for the next year which predicts that sales will be majorly driven by passenger cars, there will also be an increase in the hiring activity of the automobile industry. Apart from this, there are also technologies like AI, and the production of driverless and electric cars will also contribute to the job creation. 

According to a report by People Strong, there will be a rise of 8-12% more employees in the year 2019. The study also highlights that majority of the hiring will take place for the R&D which would reflect 12-15% increase and most jobs will be created in the design, engine and fuel side.

According to the news report, Suzuki and Tata Motors, which are India’s top vehicle makers will create 4,500 employees.

Topics: #Jobs, Recruitment

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