Tata Motors (NYSE:TTM), the Indian multinational automotive manufacturing company, is investing ₹25 crore and more than 340,000 hours in a series of upskilling initiatives. The company's efforts include collaborations with BITS Pilani, DY Patil University, and Oxford Polytechnic for B.Tech, M.Tech and executive MBA opportunities. These training modules are designed to cater to all levels of the company's hierarchy, from shopfloor technicians to plant management.
The company also announced that it aims to hire 25% of new hires as women and is already operating a Pune plant with an all-women workforce. This comes despite a below-average retention rate, but the company has dismissed any job cut concerns due to technological evolution. Tata Motors has set an ambitious goal of quadrupling registered women participants in FY24 from FY22.
In addition to these educational partnerships, Tata Motors' 'Apprenticeship Programme' employs a 'Learn & Earn' model and has enrolled over 13,000 students. An impressive 88% of graduates from this program secure employment with channel partners.
The company is also focusing on future-ready auto technologies by training half its staff within five years. Over 340,000 hours have been invested in specialized training, including a 'Diploma in Engineering' program and CESS certification, which covers advanced areas such as connected cars.
Furthermore, Tata Motors provides advanced training at the Ford (NYSE:F) India facility in Sanand. This program focuses on Industry 4.0 and connected car technologies. Since its inception in February 2023, more than 820 participants have engaged in this training.
Sitaram Kandi, VP – HR, Passenger Vehicles and EVs at Tata Motors emphasized that the company's structured approach to upskilling is creating a competent, future-ready workforce.
In the realm of electric vehicles (EVs), Tata Motors has set an ambitious target of capturing a 50% market share in the EV segment by 2030. This comes as part of the company's broader strategy to stay ahead in the rapidly evolving automotive industry.
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