Auto sector to see 70-80 per cent demand surge in apprenticeship: report
Apprenticeship. The stipend is expected to range from Rs 12,500 to Rs 13,300 per month.
One of the significant factor contributing to this growth is the extension of the Production-Linked Incentive (PLI) scheme for the automotive sector. Originally scheduled to run from 2022-23 to 2027-28, this scheme's extension promises to usher in a new era of growth and increased employment opportunities within the sector.
The data has been gathered after a careful assessment of industry relations and an in-depth understanding of the apprenticeship market's demand dynamics. The anticipated boom in apprentice recruitment can be largely attributed to the sector's robust performance, which is influenced by macroeconomic factors and positive industry sentiments across all its segments.
To meet the demands of the industry, upskilling and re-skilling initiatives have become a very important factor. Due to the dynamic nature of the industry, pursuing degree-linked apprenticeships in the automotive sector are emerging as a solution, offering access to sought-after roles such as Automotive Service Technicians, Assembly Line Operators, and Shopfloor Engineers. This is being done to align with technological transformations such as EVs and connected-car technologies.
This trend is evident in various regions, including the states of Gujarat, Uttarakhand, Madhya Pradesh, and metropolitan cities like Pune, Chennai, and Bengaluru.
How apprenticeships can transform India's talent landscape and bridge the skill gap
Sharing his views on this surge, Mr. Sumit Kumar, Chief Business Officer, TeamLease Degree Apprenticeship, said, “We believe that apprenticeship programs are the foundation of skilled talent development in the
