The automotive industry is seeing a churn for senior talent across both legacy firms and electric vehicle (EV) makers, Rica Bhattacharyya and Lijee Philip report for The Economic Times.
The EV segment is attracting most of the talent, with 40% of new CXO appointments in the space originating from traditional auto firms, the report says. On the other hand, legacy companies are also looking to hire senior executives to boost their EV expansion plans and keep abreast of the latest tech advancements.
Increasing demand for CXO-level talent is being driven by greater usage of software, electrification, and more EV players entering the space, says Kavan Mukhtyar, Partner and Leader Automotive at PWC India. A demand-supply mismatch, with openings outnumbering the number of people available, will become evident in the next year, he adds.
Leaders who understand the evolving automotive landscape are most sought after, with key roles being in product development, supply chain, finance, and human resources, among others.
While two of three top talent movements have been within the industry in the last six to 12 months, senior professionals from FMCG, ITes, industrial design, and consumer electronics are also being hired, the report adds.