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Auto staff may see another year of double-digit hikes, Auto News, ET Auto

Auto Staff: The pay rise is likely to be 10.5% on average for staff of automotive producers and 10% for those working for suppliers, according to Deloitte s Increment and Attrition Trends Study, which the company shared exclusively with ET.

Auto staff may see another year of double-digit hikes

India s automotive sector employers are likely to offer higher than average pay rises in 2024 to retain talent. The average pay rise is expected to be 10.5% for automotive producers and 10% for suppliers, according to Deloitte s study. This trend is driven by high attrition, focus on electric vehicles, and robust auto industry performance.

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