EV JOBS SALARY
Flexi-staffing industry in India sees 8% YoY growth in new employment in 2025-26: ISF report
The push for formal employment, strongly supported by the staffing industry, has been instrumental in bringing more workers into structured flexi roles, thereby boosting reported employment figures and aligning with the industry’s commitment to providing formal opportunities, especially for first-time job seekers and freshers, the report said.
EV, FinTech jobs set to deliver biggest raises
Indian employees can anticipate salary increments of 8.6% to 10.2% in FY2026-27, with EV infrastructure, fintech, and healthcare sectors leading the hikes. Electrical engineers are projected for the highest increases at 11.2%. Geopolitical tensions and inflation could temper these projections, leading to cautious budgeting by businesses.
India Inc to dole out salary hikes of up to 10.2 pc across industries in FY27: Report
Corporate India anticipates salary increments between 8.6% and 10.2% this financial year, driven by demand for skilled talent in high-growth sectors like EV and FinTech. Emerging cities are also strengthening their position in the talent economy, while select roles and specific cities are projected to lead these salary hikes.
Companies face hardware talent crunch amid AI boom
India faces a significant shortage of AI hardware engineers, including HVAC, robotics, and industrial automation specialists, as AI adoption surges. This demand, driven by smart manufacturing, EVs, and data centres, has led to a 35% salary increase for these roles. The AI boom now extends beyond software, impacting the entire infrastructure ecosystem.
ET Prime Special Series: Multibagger or Bankrupt - Part 53: All vehicles need this auto ancillary’s product, but its EV future is still taking shape
This auto ancillary is not trying to be many things at once. It has stayed in one technical lane for years and built its business around a function every vehicle needs. That gives the story some stability. But it does not remove the risks. A large share of revenue comes from a few customers, the group is carrying unresolved contingent matters, and the gap between standalone and consolidated earnings shows the cost of building backward integration. In a sector moving toward EVs, this business still looks rooted in old strengths, while its next phase is only beginning to take shape.
General Motors lays off over 200 CAD engineers via Microsoft Teams amid profit surge, citing business restructuring
General Motors has laid off over 200 engineers at its Michigan campus. This move is part of a company-wide restructuring. The company aims to strengthen its design capabilities and streamline operations. These layoffs follow a strong third-quarter earnings report. GM's stock has seen significant gains this year. The automotive industry is experiencing shifts, with other companies also announcing job cuts.
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Electric vehicle companies to drive wage boom
A recent TeamLease Services report forecasts salary increments between 6.2% and 11.3% across Indian industries for FY26, with potential peaks at 13.8% in specific roles and cities. Electric vehicle, consumer durables, and retail sectors are expected to lead, driven by demand for roles blending technical skills and customer interaction. Cities like Pune, Mumbai, and Bengaluru will see significant growth.
EV, consumer durables, retail sectors to see highest salary increments: Report
Indian employers are planning salary increases between 6.2% and 11.3% across industries, with some roles seeing up to 13.8% hikes. EV, consumer durables, retail, and NBFC sectors are expected to lead. Roles blending technical skills and customer interaction are highly valued. Cities like Pune, Mumbai, and Hyderabad will see significant growth.
Tech, EVs, retail to drive India's salary boom in FY26: TeamLease
Salary hikes in India are expected in FY 2025-26. Electric Vehicles, Consumer Durables, and Retail sectors will lead. Pune will see the highest average increment. Sales & Marketing roles will top the growth chart. Rising salary parity between temporary and permanent positions is expected. New-age industries are scaling rapidly. Digital and core infrastructure sectors are reshaping compensation trends.
Auto sector shifts into high gear with 10.1% salary hikes in FY25
The automotive sector is set to lead salary hikes in FY25, offering an average increase of 10.1%, ahead of the 8.8% average across India Inc, according to Deloitte’s latest study. The hikes are driven by demand for talent in areas like EVs, R&D, automation, AI, and ML.
Stranded by Swindle: Gensol, BluSmart staff queue up to catch better ride
Following regulatory scrutiny and financial misconduct allegations against its parent company Gensol Engineering, BluSmart employees, including CXOs, are actively seeking new employment opportunities. Search firms report a surge in resumes and inquiries from BluSmart staff across various levels.
Rising salaries, evolving work trends: How AI, EV, and engineering sectors are shaping India's job market
Employees in AI, electric vehicles, and engineering sectors seeking job changes expect salary hikes of 20-40%. AI, cybersecurity, and cloud expertise remain highly demanded, driving companies to offer competitive compensation and upskilling opportunities. Hybrid work and DEI initiatives are emphasized for an inclusive, flexible workplace.
Companies hiring on all cylinders to take charge of EV market
Electric vehicle makers in India are ramping up hiring, with prominent firms like Tata Motors and Ola Electric expanding their teams across various key domains. Recruitment firms report a 25-30% surge in hiring mandates, driven by burgeoning consumer demand, government incentives, and infrastructure expansion, alongside attractive salary offers for senior roles.
Rs 48 crore a day! Meet the Indian CEO who became the world’s highest-paid employee
Jagdeep Singh, CEO of Quantumscape, is the highest-paid employee in the world with an annual income of Rs 17,500 crore. Quantumscape, under his leadership, focuses on developing advanced solid-state batteries for electric vehicles. His success emphasizes the significance of technological advancements and sustainable energy solutions, positioning Indian talent on the global stage.
Growth of EVs create new job profiles across India
India's electric vehicle (EV) boom is fueling a job surge, with projections of 5 million direct and 30 million indirect jobs by 2030. The industry seeks professionals skilled in UI/UX engineering, embedded electronics, and battery management systems. Cloud computing and data analytics are crucial for optimizing charging infrastructure and enhancing vehicle safety.
Expect 15-25% pay hike while shifting jobs at senior level, shows Michael Page report
The Michael Page's Salary Guide 2024 for India indicates significant demand for various roles across sectors, with senior-level job shifts offering substantial salary increases of 15-25%. Manufacturing, data, generative AI, and sustainability skills are particularly sought after.
Strong demand for skill sets in data analytics, generative AI, machine learning: Report
The IT sector is seeing demand in areas such as technology, data, AI/ML, product and security along with digital transformation and Internet of Things (IoT), and generative AI. Junior employees are getting 35-45% salary hikes while switching jobs, with mid-level and senior management getting 30-40% and 20-30% hikes respectively, according to Michael Page’s annual Salary Guide.
EV Inc plans to soup up pay engine for talent retention
EV manufacturers and related companies are offering disproportionate salary increases this year to retain talent. Skilling employees is a priority, with salaries ranging from ₹25-50 lakh in mid-level positions and ₹60 lakh to ₹1.2 crore in senior roles.
Manufacturing, EV, engineering sectors to drive 2024 hiring activity
Manufacturing, electric vehicle, and engineering companies are hiring at their fastest pace in five years, according to a study by Adecco. The hiring intent for 2024 is 19.8%, the highest since 2020. The engineering sector, including automobile, aerospace, defense, chemical, agricultural, electrical, electronics, and industrial engineering, is expected to outperform the rest in hiring. Companies in these sectors are likely to offer pay hikes of 8% to 12%.
Surge in demand for skilled electric vehicle talent as Indian manufacturers race to meet green mobility demands
Homegrown EV and EV component makers such as Switch Mobility, EKA Mobility, GreenCell and ARENQ are anticipating the talent to reach as high as 200%. This is leading companies such as Tata Motors, the country’s largest EV maker, to tap entry-level talent from technical colleges and lateral talent from automotive and related industries.
Eyeing a career in the booming EV sector? Check out the pay, roles & skills in demand
Rapid growth in EVs has resulted in diverse employment opportunities, in various segments. Positions requiring expertise in computer science, software development, data science, and engineering are pivotal in designing, manufacturing and implementing safety systems in electric vehicles; so these skills are in high demand.
Indian company that makes EV battery materials to build its first US plant in North Carolina
The company said the plant is anticipated to generate 500 new jobs, with an average annual salary of USD 52,264, which is above the current average salary in the county of USD 46,464. Cooper's administration has been focused on attracting clean-energy industries to North Carolina.
Millions of jobs coming up in EV sector, data & AI roles to get maximum hikes
The demand for workers with green skills is expected to move further up in the coming years. Estimates differ, with different industry leaders pegging job creation in the EV sector at different levels, but everyone seems united in the view that millions of new roles are getting created.
Vedanta-Foxconn $19.5 billion JV is off; More cost cuts at cash-strapped Dunzo
Barely a year after Taiwan’s Foxconn signed a joint venture with Indian conglomerate Vedanta to set up semiconductor manufacturing plants in the country, the former has pulled out of the deal, in a potential spoiler for India’s semiconductor story. ET reported first about the differences between the two parties last month. This and more in today’s ETtech Top 5.
Trends shaping the future of jobs amid layoffs
Despite confusion surrounding market conditions, layoffs, and AI impact, some Indian companies are hiring judiciously. Ernst and Young's "Future of Pay" report identified positive hiring sectors including cement, steel, auto components, renewable energy, and healthcare. A TeamLease Services report for Q2 2023 found increased hiring intent in telecom, financial services, e-commerce, healthcare, pharma, FMCG, and infrastructure.
Jobs, jobs and more jobs: All about Covid proofing your career and earning big money
Team Lease, one of India’s leading human resource companies has recently released a report offering industry-specific insights in relation to areas like employment rate, salary structures, temporary/permanent hiring markets, trending skill sets, and covid-proof jobs.
Ford India workers continue protest demanding better compensation for job loss
"The management has offered 85 days pay for every completed year of service. Also, a fixed sum of Rs 42,500 for every completed year of service. Earlier they had offered 75 days of salary and the fixed sum at Rs 20,000 for every completed year of service," a worker union official told IANS preferring anonymity.
Most jobs Covid-proof now; pay near normal: TeamLease Services Jobs and Salaries Primer 2022
On the salary front, top paymasters for 2022 include ecommerce and tech startups, healthcare and allied industries, IT and knowledge services, which saw increments of more than 10%.
Amid fire incidents, electric vehicle companies step up hiring
Demand for talent profiles in mechatronics (a relatively new field), R&D, sales, post sales, operations, branding, and for doctorate holders in the electronics space, has shot up.
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