Ola Electric’s lay-offs rattle India’s growing EV job market


India’s electric vehicle (EV) job market, where active EV start-up talent employs more than 1,10,000 people in different parts of the pyramid, seems to have suddenly caught as an especially an unexpected juice, which was recently a hit in the market.

In mid -February, EV manufacturer Tesla, led by Elon Musk, listed several open positions, including customer facing roles, engagement managers, distributors and service technicians in Maharashtra, between Mumbai and Pune, to start their India story. according to a Business India The report, while EV Major announced 13 jobs on LinkedIn, there were reports that the company had 20 posts for India, of which 15 were in Mumbai while the other five were in Pune.

On March 3, Roots It was reported that India’s top electric two-wheeler manufacturer, Ola Electric will take over 1000 employees as the company had demanded ‘operational efficiency and profitability’.

An email by Ola Electric Hindu There was no response in search of comments for this story.

“Many people have lost their jobs in Ola Electric. Some of us are still waiting for our final disposal, even we continue their search for other positions,” an employee who was kept, said, said, there is no desire to avoid the possibilities of a better dissection. Hindu Talked for this story, which was kept, did not want to be recognized for similar reasons.

Tesla’s announcement, although it does not involve large -scale work, normally comes as promoting the Indian EV industry and especially in the job market, looked at the players of the industry. However, Ola’s trimming plan reduced the market spirit and also killed the enthusiasm of the job candidates, he also said.

BS Murthy, CEO of a third-party hiring firm, focused on CXO hiring, said BS Murthy, “In many rounds of firing of employees, the caution has been put on the caution list of potential employees. No employee wants to join a rent and fire company. It will be difficult for his technical and innovative areas to be the best talent for Ola.”

Any amount of PR will not give confidence to good talent to join a company which keeps firing its employees regularly. Mr. Murari said that none of big companies like Bajaj, Hero, TVS, Honda Fire, Mr. Murari said.

“I currently work with a small EV firm in Bengaluru and I aspire to join a big player. It was exciting to hear Tesla’s hiring plan in India, but news about the sorting of Ola Electric came as a fear for many of us in EV space,” A young engineer, a young engineer. “

According to Kamal Karanth, co-founder, exfeno, an expert staffing company, EV space, while the remaining high capacity, are low entry barriers for SMEs and the flipcide is the fact that more than 300 companies have estimated over 300 companies in the last decade. He said, “Will the acceptance and success of the mainstream of EVS reverse this negative tendency.”

India currently has more than 1,500 companies associated with EV space in different capabilities and in different parts of the price chain. While more than 400 active companies have been funded in the last few years, active headcounts and institutions with talent added up to 300. According to the data shared by Xpheno, these 300 institutions collectively employ more than 1,10,000 people in different parts of the talent pyramid.

Despite the volatility in the EV region, the industry is ready to grow and create five million jobs by 2030, the government’s think tank Neeti Ayog touched in 2023. The Ministry of Skill Development and Entrepreneurship also estimate that EV companies in India will generate one crore direct and five crore indirects by 2030.

One of the characteristics defined in the EV region is the creation of jobs that require higher educational degrees, which are traditionally associated with internal combustion engine. These jobs will be made in charging infrastructure, battery management system, manufacturing, charging station installation, maintenance and support, engineering and R&D skills. A large part will be related to software, such as UI, UX engineer, embedded electronics, EV software manager, model-based algorithm specialist and ionic developers. The EV industry is expected to focus on electrification, autonomous vehicles, AI, Internet of Things, Machine Learning, Cloud Computing and Data Analytics etc.

The 2022 report by NITI Aayog in partnership with Rocky Mountain Institute (RMI) India predicts that India can realize the penetration of EV sales of 30% for private cars, 70% for commercial cars, 40% for commercial cars and 80% for three-wheelers by 2030, if successful.

Despite the firing in Ola, people monitor the industry say, the collective headcon has almost doubled in the last five years. About one-third of the 300 active institutions have been established in the last five years and about 80% in the last decade. “The increase of headcount in the last few years is also inspired by the entry of large brand OEMs in commercial EV space and entering with an entire host of small and medium EV players,” said Shri Karanranth.


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