Liberalization of the Indian industry saw significant growth in the Indian Automotive Industry. Today, the Indian Automotive Industry is a significant contributor to the Indian economy, contributing nearly 5% to the country’s GDP and about 17-18% to the kitty of indirect taxes to the Government. With its wide penetration and strong influence on the country’s economic and industrial development, the auto sector is indeed one of the major drivers of our economy. It is estimated that the sector provides direct and indirect employment to over 13 million people.
Category-wise incremental human resources requirement (in lakh) expected in 2022
Source: IMaCS analysis
It is also estimated that by 2022, the Automotive Industry will employ an incremental 35 million people.
The Automotive Skills Development Council (ASDC) is the first sector skill council of India, promoted by the Automobile industry through Society of Indian Automobile Manufacturers (SIAM), Automotive Component Manufacturers Association (ACMA) and Federation of Automobile Dealers Association (FADA) and Government of India represented by Department of Heavy Industry and National Skill Development Corporation (NSDC).