Auto sector hiring down 22% in FY'12, but outlook has improved

With rising fuel and interest rates affecting vehicle sales adversely, the auto sector has witnessed a 22 per cent decline in hiring activities in FY2011-12 so far, although it is upbeat on recruitment in the remaining months of the fiscal, say experts. "The job scenario will be robust in the coming months. New positions, though limited, will be created as a result of expansion of capacities and entry of new companies. The rest will be lateral and upward progression,"  Hyundai Senior VP (Finance and Corporate Affairs) R Sethuraman told PTI.

Echoing a similar view, Ford GM (HR) Dhananjay Nair said, "The upcoming festival season will provide a boost to sales and the job market will be lucrative in the remaining months of 2011." However, he said, "Although we have hired a pretty high number of personnel in the current fiscal, it is not as high compared to last fiscal."Vcommindia News