Auto staff may see another year of double-digit hikes : vima

Auto staff may see another year of double-digit hikes

India's automotive sector employers are likely to offer higher than average pay rises in 2024 to retain talent. The average pay rise is expected to be 10.5% for automotive producers and 10% for suppliers, according to Deloitte's study. This trend is driven by high attrition, focus on electric vehicles, and robust auto industry performance.

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