Many of us
are today following the Indian stock market and different industries. One
industry that is predicted to be doing well this year is the Auto industry. The
commercial vehicle segment has been seeing entry of some big mutli nationals
and is one of the hottest industries today. Some highlights of this industry
are (Source: http://www.ibef.org/industry/automobiles.aspx)
·
India is the world’s second largest growing auto
market
·
Commercial vehicle sales grew by around 35% this
year
·
Overall the industry registered around 32%
growth in sales
Another
industry closely inter-related is the Auto Component industry. The industry has seen
phenomenal growth in the past years and is set to grow at CAGR 15% per year till 2020.
Let us come
back to the Commercial vehicle segment, which also comprises of three-wheelers.
There are several challenges this industry faces w.r.t. people.
·
Creating strong and effective sales force. This
can result in big Top-line impact.
·
Getting right people in production, quality
& other operational functions. People can make a big Bottom-line impact.
As the
industry continues to bring efficiencies in its operations, PI can help bring
efficiencies in the people side of the industry. An example of how a company
has been using PI at the mechanic level is given here. http://www.piworldwide.com/News-Events/News/2011/August/PMPA-Vanamatic.aspx
On the sales
front, building an effective salesforce will be very important for companies as
competition heats up in both these industries. PI helps you to define the
drives and skills required at
The Auto
& Auto Comp industry is all set for high growth and by using science in
their talent processes they can make a further impact to their bottom line.
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