The crisis of skilled labor in the automotive components sector, which mainly affects small and medium enterprises, industry training is drawing up plans to meet the demand for skilled workers Some companies have already reached agreements with training institutes for workers. Industry bodies, such as Acma and the Federation of Automobile Dealers Associations (FADA), have jointly formed the Automotive Skills Development Council (ASDC), which is designing a curriculum for the sector automotive and partner with institutes to conduct training.
According to ACMA, the industry of automotive components india billed 110,000 million dollars in 2020, while the size of the domestic market last fiscal year is valued at 30,000 million dollars. This projection is due to the huge growth expected in the automobile sector in the coming years. A joint study by Ernst & Young Acma and estimated that the passenger car market in India (currently two million units per year) will reach nine million units in 2020, while the commercial vehicle market (currently 530,000 units per year) will grow to 2.2 million units. By then the market for motorized two-and three-wheelers (currently consisting of 11 million units) is expected to reach 30 million units.
