Demand shifts more to data scientists, technology specialists, analysts, electronic and electrical engineers from mechanical and automobile engineers, says Taggd study on hiring trends for 2022.
The Union Budget 2022 should aim at long-term holistic growth for the auto industry prioritising job creation, infrastructure development, introduction of latest technologies and increased decarbonisation efforts, luxury carmaker Mercedes-Benz India said on Friday.
Union Budget 2021: Auto industry welcomes scrappage scheme, decries new duties on imported parts
Union Budget 2021: Owners will be incentivised to scrap passenger vehicles that are over 20 years old and commercial vehicles that are over 15 years old. There is, however a concern that there may not be too many such vehicles as the average replacement cycle of a passenger cycle is around eight years and of a CV is around 8-10 years. The hike in customs duty on certain auto parts to 15 percent will raise input costs and prices for cars that depend on specialised components February 02, 2021 / 10:00 AM IST
Union Budget 2021 did not offer much to the automotive sector but industry stakeholders were content that there were no nasty surprises, which in budgets past had troubled them.