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Millions of jobs coming up in EV sector, data & AI roles to get maximum pay hike (The Economic Times)

20 October 2023

Up to 10 million direct jobs will be created in the EV (electric vehicle) sector and another 50-55 indirect jobs will arise, reports The Economic Times, citing Sanjay Shetty, Director, Professional Search & Selection, Randstad India. “We expect annual EV sales in India to surpass 10 million units and this will contribute to the creation of around 8-10 million direct and 50-55 million indirect job opportunities,” Shetty said. He added that in the near term, there is an increasing demand for skilled professionals and around 1.5-2 million employees.

Meanwhile, Manu Sharma, AVP HR at Hero Electric says that to build up scale, the EV industry will immediately need between five million to 10 million people. At the same time, Sameer Aggarwal, CEO and founder at Revfin, said that about 20 million jobs will be created by 2030, encompassing a wide range of roles, from research and development to manufacturing, charging infrastructure deployment and skilled technical positions, thereby cultivating a diverse and robust employment landscape. Such a rapid increase in demand for workers with green skills has naturally led to a widening demand-supply mismatch and skills shortage.

Salary hikes for specific roles can be as high as 50% or more from the current pay package. Girish Lobo, head of HR in Altigreen, said in R&D functions, for example, the salary increase is anywhere between 40% and-50% but for niche skills like data science and AI, the hikes are over 50%.