New Delhi: The fast growth in India’s electric vehicle industry is driving up the salaries in this sunrise sector as companies are finding it tough to get the right talent.
Salaries have gone up in all levels as EV manufacturers poach and get poached. They are also hiring from adjacent industries. At the top, senior executives are often getting a 50% or higher jump in salaries, while at the mid-level the increase is almost 100%, say experts. One of the top recruiters, ABC Consultants, has closed 15 search mandates in the EV domain in the last one year alone, said director Amol Gangaramany.
Factors like the recent thrust on EVs by the government, changing consumer mindset and EVs being a relatively new business domain and green are pushing the demand for EVs to new levels, despite recently emerged safety concerns in the two-wheeler segment following several fire incidents involving electric scooters.
