Automobile & Auto components
The automobile industry in India is one of the largest as well as fastest growing automobile industries in the world. In recent years, India has become a major auto hub and emerged as an important global manufacturing base for automobile companies as it provides low cost production opportunities along with an added advantage of having a well trained workforce at competitive costs. Numerous global automotive giants are upbeat about their expansion plans in India and are willing to enter into partnerships with domestic companies to produce automobiles.
The industry's highly competitive environment translates into a strong demand for senior management who can successfully steer companies through challenging times. The industry requires change management skills as well as an ability to create innovative middle and long-term strategies. However the availability of skilled manpower is gradually beginning to fall short of the industry’s requirements and this could have an impact on the future growth trends.