India's electric vehicle boom: Where is the missing talent?
₹10 lakh - ₹35 lakh salary range are sought after. During a job change in the auto sector, one can expect a 25% salary increase, which can rise to 50% for those with EV-specific experience. Headhunters are witnessing a surge in demand as automakers diversify their EV product lines.
Technical talent from South Korea, Japan, the US, and Europe is being recruited, with salaries crossing the one-million-dollar mark, making the Indian EV market an attractive bet for global EV talent. EV manufacturers require experts who possess a deep understanding of cell chemistry, module architecture, and battery pack design, as these factors play crucial roles in the industry. Engineers with backgrounds in electrochemistry and electrical architecture are in great demand.
Automakers including component manufacturers are creating training modules, research centres, and forming partnerships with universities to reduce their future reliance on external hiring from the market. Mahindra & Mahindra has bolstered its talent acquisition and retention efforts by establishing a motor and battery testing unit and consolidating its MRV (Mahindra Research Valley) and Mahindra SUV Proving Track for EV development under one umbrella. Ather Energy, an electric two-wheeler start-up boasting a nearly 1000-member R&D team, one of the largest in the sector in the country, says the key is to "build talent", instead of "buying it" to combat skill shortages for the long term.
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