Amidst the celebratory fervor of Dhanteras, car manufacturers orchestrated a spectacular display, delivering an impressive fleet of 41,000 cars and SUVs, a symbolic crescendo to the festive season.
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Maruti Suzuki’s Dominance Unleashed
In this vehicular spectacle, Maruti Suzuki, the unrivaled leader in the automotive market, dazzled with the dispatch of nearly 21,000 cars on a Friday, showcasing an astonishing surge of over 70% compared to the Dhanteras extravaganza of 2022.
Hyundai’s Triumph: Doubling the Delight
On a parallel track, Hyundai Motor India exhibited its prowess by doubling its last year’s figures, achieving a remarkable feat of delivering over 10,000 additional cars.
Dhanteras 2023: Setting Records on the Asphalt
The narrative of this automotive extravaganza unfolds against the backdrop of Dhanteras in 2023, marking the zenith of the festive season’s final chapter. A staggering 28% growth echoed through the delivery statistics, eclipsing the previous year’s 32,000 deliveries.
Insights from the Industry Leaders
Shashank Srivastava, the sagacious Senior Executive Officer overseeing Sales and Marketing at Maruti Suzuki, remarked on the continued robustness of Dhanteras sales. He foresaw an imminent surge, estimating a grand spectacle of 55,000 to 57,000 cars gracing the roads during the Dhanteras to Bhai Dooj period, showcasing an impressive 21% leap from the preceding year’s tally of 45,000.
Pre-Emptive Stock Pile-Up: Defying Semiconductor Woes
Intriguingly, a significant chunk of prospective Indian car enthusiasts typically initiate the journey by booking their dream vehicles in advance, culminating in the ceremonial handover on auspicious days like Dussehra, Dhanteras, or Diwali.
Unlike the preceding year, when semiconductor shortages imposed formidable challenges on stock availability, this year’s narrative embraced a different tune.
Strategic Maneuvering for Growth
A robust pre-Dussehra and Diwali stockpile unfolded, allowing more enthusiasts to revel in the fulfillment of driving home their coveted automobiles. This strategic maneuvering translated into Maruti and Hyundai reveling in an impressive 70-100% growth narrative.
Hyundai’s Triumph: A Chief Operating Officer’s Perspective
Tarun Garg, the dynamic Chief Operating Officer of Hyundai Motor India, rejoiced in the company’s Dhanteras spectacle, orchestrating the delivery of an unprecedented 10,293 units. This colossal number not only doubled but soared high above last year’s figures.
Customer Admiration and Safety Features
Garg attributed this triumph to the unwavering admiration customers hold for the Hyundai brand, accentuated by the recent inclusion of six airbags as standard safety features across all models and variants.
Festive Period Milestone: Crossing the 1 Million Mark
With these numbers in the festive period’s coffers, Srivastava envisioned the cumulative sales crossing the monumental 1 million mark for the first time in history, an affirmation of the enduring allure of the automotive sector.
Green Jobs Surge: A Paradigm Shift in Employment Trends
Transitioning to a contrasting landscape, a report from consulting firm Teamlease unfurls an 81% year-on-year surge in the demand for green jobs in January 2023.
Delhi/NCR Spearheads Green Revolution
The Delhi/NCR region spearheaded this green revolution with an astounding 289% year-on-year growth, closely followed by Mumbai and Bengaluru at 216% and 174%, respectively.
ESG Roles on the Rise
This paradigm shift toward Environmental, Social, and Governance (ESG) roles underscores a broader trend in India’s job market, emphasizing sustainability.
Sustainability Job Surge: A Three-Year Overview
Between April 2022 and 2023, job searches for sustainability roles surged by 31%, culminating in a 13% overall increase in interest over the past three years.
ESG Sector’s Meteoric Rise
ESG sector jobs specifically experienced a meteoric rise of 223% between April 2019 and April 2023.
Green Supply Chain Management: Projections and Opportunities
The clamor for green supply chain managers is projected to echo at a frequency of 10-15% annually, with the automotive industry resonating prominently in this chorus.
Automotive Industry’s Green Transition
The automotive behemoth in India, valued at around $222 billion, witnesses an impending seismic shift with the electric vehicle (EV) market expected to reach $2 billion by 2023 and a staggering $178 billion by 2030.
Job Opportunities in the Electric Revolution
Within the automotive sector, the epicenter of job opportunities pulsates in Battery and EV component manufacturing, offering a fertile ground for growth.
Predicting Li-ion Battery Manufacturing’s Explosive Growth
The report boldly predicts a jaw-dropping 1600% growth in Li-ion Battery manufacturing, creating a flourishing landscape for job seekers.
E-mobility Dynamics: A Glimpse into the Future
Yuvraj Sarda, the astute Head of E-mobility Solutions at Volvo Construction Equipment, delineated the evolving terrain of the e-mobility space.
Skill Demands in the E-mobility Sector
Engineers specializing in electrical, electronics, and mechanical domains, along with a demand surge for software developers, app developers, chemical engineers, business analysts, and designers, characterize the dynamic nature of this sector, accelerated further by the integration of artificial intelligence.
Job Opportunities vs. Skill Gap: A Delicate Balance
Yet, amidst the burgeoning job opportunities, the report sounds a cautionary note, highlighting a glaring skill gap. Less than 10% of the population has received formal training, underscoring the urgency of bridging this divide.
Climate Change and Workforce: A Warning Bell
In the context of climate change, this shortfall in a skilled workforce dedicated to sustainable development portends a somber prophecy — an annual GDP loss of 3-10% from 2021 onwards.
Corporate Role in Skill Enhancement
Sundaresan MR, the sagacious Head of Procurement and Sustainability Programs at Nissan Digital India, advocates for corporate intervention.
Corporate Culture Shift: Embracing Sustainability
He posits that corporations must actively engage in fostering awareness and enhancing the skill set of the workforce. Such initiatives, he emphasizes, should seamlessly integrate into the fabric of a company’s culture, envisioning a future where sustainability is not just a pursuit but an inherent aspect of corporate ethos.