Despite the government’s thrust for electric vehicles, a shortage of top-tech talent could be new problem.
Search firms are being forced to look overseas for talent- France, Germany, Japan and China. This being a greenfield domain, the supply of EV experts on design, product, infrastructure, storage is not enough, reflecting on the pay packages being offered.
Companies such as Tata Motors, Mahindra & Mahindra, TVS Motor, Continental, Maruti Suzuki along with start-ups like Tork and Ather Energy are either hiring top tech talent or building a pipeline to lead the EV initiatives.
Search firms including Transearch, EMA Partners, Hunt Partners, Xpheno and Michael Page are scouting for talent on behalf of their clients who are willing to pay upwards of about $500,000 per annum. Hunt Partners (an executive search firm) is currently looking for a head, on behalf of a global OEM in India where its client is willing to pay a package of $1 million per annum (` 6.8 crore).
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“We are forced to look for talent outside India due to a dearth within the country,” Suresh Raina, partner at Hunt Partners, told ET. EVs also got traction in the recently-announced budget, where the finance minister proposed a GST cut from 12% to 5% on EV.
Source: Economic Times
