Ravi

Is the scope of being Automobile Engineer in India more than in USA or any foreign countries?

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RE: Is the scope of being Automobile Engineer in India more than in USA or any foreign countries?

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

Hi,


Greeting's for the day!!!

The Indian Automobile industry is going through a phase of rapid change and high growth. with new projects coming up on a 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 a high growth trajectory. The overall investment in the sector has been increasing quite 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 ave 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 the automobile exports. The auto component segment is contributing a lot in the export arena. The liberalized policies of the government are now making the companies go for more and more exports.

As various Global Automobile Companies are trying hard to setup their brand in the Indian Industries, and with lot many exposure to Exports, the Scope for being an "Automobile Engineer" is more in India as compared to other Foreign Countries except China.

But the Pay Package in China will be lesser as compared to Indian Market.


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 field are in demand. Some of the firms are going for automation, i.e. planing for CAD (Computer Aided Design) systems, are also recruiting people with IT specialization.

Further doubts or queries feel free to contact.

--
Regards,
Rahul

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