Indian Auto Market

Indian Auto Market News

Indian automotive industry will hire 1.5 crore personnel by 2022: Says NSDC

Oncars India July 8, 2015 11:56 AM IST

Nearly 1.5 crore people are expected to be employed in the automobile sector directly by 2022, according to a National Skill Development Corporation (NSDC) report. According to industry estimates, the automobile industry accounts for 22-25 per cent of the country's manufacturing gross domestic product. FDI in the sector is allowed at 100 per cent under the automatic route. Therefore, an addition of one manpower at an OEM would lead to generating eight jobs at the vendor's end.

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