EV Industry of India Rising With 108% Job Growth
Automobile
EV Industry of India Rising With 108% Job Growth

“The EV industry is creating more jobs, and the industry witnessed a growth rate of 108%. Bengaluru is the most popular place for EV talent, with 62% of job posts followed by 12% in Delhi, 9% in Pune and 6% in Coimbatore”

It was discovered that the engineering function rules the EV industry, with the operation, sales, quality assurance, business development, IT, human resource, and marketing following closely behind.

CIEL HR Services who is a recruitment and staffing company published a report highlighting how jobs are increasing in the EV Industry.

According to this report, the Indian electric vehicle (EV) industry has had a 108% increase in employment over the past two years, with Bengaluru taking the top spot for talent.

As per the survey done by CIEL HR Services, the EV market is seeing significant growth in metro areas.  Bengaluru is the most in-demand destination for EV talent, with 62% of job listings in this area. Delhi comes in second with 12%, followed by Pune with 9%, Coimbatore with 6%, and Chennai with 3%.

The survey found that there has been tremendous employment growth, with the average annual increase in employee numbers over the past two years coming in at a staggering 108%.

52 enterprises employing 15,700 people participated in the report titled “Latest Employment Trends in EV Sector 2022.”

Over the past six months, some of the top EV companies have hired 2,236 people.

In practically every area in India, there are women, and they are moving up the corporate ladder.

By 2030, the EV industry is expected to generate one crore direct jobs, according to the Ministry of Skill Development and Entrepreneurship. We may anticipate that this will result in the creation of about five crore indirect jobs. EV companies would emphasize technical and specialized skills to meet the rapid development of demand. While office occupations would increasingly require knowledge of artificial intelligence, analytics, and app development, the basic manufacturing, and industrial setup would continue to require a steady supply of blue-collar workers.

As this cohort would provide the domain experience and maturity in areas like supply chain, operations & procedures, and customer behavior that any new-age organization would want to use, it is most likely to see a positive bias towards employing workers from the core automotive & allied sectors. Upskilling some of these profiles with electrical and electronics ideas needs to be the main goal.

Made In India EV Batteries
Automobile
India Is Looking at Lithium Mining for Made-In-India EV Batteries

India is considering mining lithium and other restricted minerals for battery manufacturing. Other minerals can provide a better solution than lithium in EV and ESS batteries.

By 2027, India’s Market for EV Components Will Reach Rs 72,500 Crore
Automobile
By 2027, India’s Market for EV Components Will Reach Rs 72,500 Crore

The market of EV components in India will rise to 11% approximately by FY-27. In terms of valuation, it is estimated to be valued at Rs. 72,000 crores. Crisil published this information in one of their research report on the Indian EV Market.

Automobile
LFP - Type Batteries Are a Better Option for EVs and the Environment

Lithium batteries are widely used in the manufacturing of the EV batteries. LFP-based ev batteries are much safer than NMC-based batteries. Other than the safety, they are also more durable than the NMC.