Bala Yasaswi

How much can I earn in next five years as a Automobile Engineer?

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RE: How much can I earn in next five years as a Automobile Engineer?

Rahul Shinde
Rahul Shinde
Verified Career Expert
Career Consultant at Pinnacle School of Business Management
  • Thane

Dear Sir/Madam,


Greeting's for the day!!!

The Indian Automobile Industry is going through a phase of rapid change and high growth. With new project coming up on regular basis, the industry is undergoing technological change. The major players are expanding their plants and focusing on mass customization, mass production, etc.

Investment in Auto Sector:
Nearly every automobile company is investing at higher rate than ever before to achieve high growth trajectory. The overall investment in the sector has been increasing quire rapidly. It is expected that by the end of 2015 Indian Automobile Sector will be investing a huge amount as Rs. 35,000 crores.

Growth in the sector:
At present the industry is enjoying a growth rate of 14-17% per annum, with domestic sales growth at 12.8%. The growth rate is predicted to double by 2015.

As it is seen, the total sales of passenger vehicle cars, utility vehicles and multi utility vehicles in the year has increased in such a way that they have overtake Germany and Japan in Sales Volumes.

Financing schemes have become an important factor in the growth of automobile sales. More and more financial schemes are coming up with easy installment plans to lure the customers.

Apart from the domestic production, the industry is consistently focusing on automobile exports. The auto component segment is contributing a lot in the export arena. The liberalized policies of government are now making the companies go for more and more exports.

Employment in the Sector:
Investment is leading to the employment growth in the sector. With the emergence of new projects and introduction of technological advancements, the focus is more on the skilled and experienced human resource. The companies are looking for skilled and hardworking people who can give their best to the organization.

The engineers in the Automotive or Electrical or Mechanical fields are in demand. Some of the firms going for automation, i.e. planning for CAD (Computer Aided Design) systems, are also recruiting people with IT Specializations.

The Automobile Engineers freshers can start at salary upto 20K per month. Pay rates vary within the industry and according to the level of responsibility. This is a highly skilled and specialized jobs. Opportunities can exists in abroad too. Person with 5 Years of Work Experience, can earn around 40-50K depending on Job Profile.

Further doubts or queries feel free to contact.

--
Regards,
Rahul.

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