Business
Indian job market shows 6% YoY growth post Covid slump: Report
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With economic activity showing impressive recovery from Covid’s grip, hiring demand witnessed a 6 per cent year-on-year growth in the month of March 2022, according to a report.
The Monster Employment Index (MEI) showed online recruitment activity exceeded the year-ago level in 11 out of the 13 cities monitored by the index. All metros registered a double-digit growth on an annual basis.
Mumbai (up 21 per cent) continued to be the biggest job market, closely followed by Coimbatore (up 20 per cent), and Chennai and Hyderabad (up 16 per cent each).
E-recruitment activity in Bengaluru (up 15 per cent) charted a positive trend but weakened from previous months. While Pune recorded 12 per cent growth, Kolkata and Delhi-NCR registered a growth of 13 per cent each.
The hiring demand in March 2022 was driven by banking/financial services and insurance which showed remarkable improvement (up 37 per cent) followed by telecom/ISP (up 17 per cent) and production and manufacturing (up 16 per cent).
In addition, jobs also rebounded for hospitality and travel (up 11 per cent) personnel after a long time and experienced significantly improved demand levels annually.
However, engineering, cement, construction, and iron/steel (down 20 per cent) continued to witness a year-on-year decline in the series since April 2020, registering the sharpest deceleration among sectors.
The pace of the growth moderated further for the media and entertainment (down 16 per cent) and FMCG, food and packaged food (down 13 per cent) industry and slid down in March 2022 annually, according to MEI data.
“Two years into the pandemic, it is heartening to see that the Indian economy has overcome setbacks and challenges with hiring momentum exceeding pre-Covid levels by 6 per cent this year compared to 2020,” said Sekhar Garisa, CEO – Monster.com, in a statement.
“Sectors such as banking and telecom have undoubtedly contributed to the overall revitalisation of employment generation in the country. It is also encouraging to see a substantial rise in business activity across tier-II cities given that smaller cities have historically feathered the adverse effects of the pandemic crisis with a surplus talent pool to boot,” he added.
In terms of tech jobs, the emergence of Metaverse and its potential applications has created a lot of career opportunities in new skill areas.
While brands and enterprises continue to value creativity and human-centred design with tech-enabled applications, job roles such as design architects, software designers, system validation engineers, 3D artists, AR/VR maintenance and support, and design/graphics engineer are expected to be in high demand in the coming months.
“As India Inc. continues to adopt the hybrid and back-to-office work models, we hope to see a continued recovery and a step forward to normalcy in the coming months,”Garisa said.
The MEI is based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets. The period considered for the MEI data is March 1-31.
Business
2025 BYD Atto 3 Facelift Unveiled Globally with Updated Design and Advanced ADAS
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BYD has refreshed the Atto 3, bringing design updates to its popular electric SUV. Set for an official debut soon, newly surfaced images suggest a revised look inspired by the brand’s latest EV lineup. In China, where it is sold as the Yuan Plus, the updated model now takes styling cues from the Atto 2, also known as the Yuan Up. The facelift aims to enhance its appeal with a more contemporary design while maintaining its position in the growing electric SUV segment.
The updated BYD Atto 3 receives a series of design refinements, enhancing its overall appeal. The front end now sports a revised bumper with a larger air intake, giving the SUV a more aggressive stance. While the headlamps retain their original shape, the chrome strip running between them continues to add a sleek touch. At the rear, a redesigned roof spoiler and a striking full-width LED light bar with a wave-like pattern enhance its modern look. The side profile remains largely familiar, but new alloy wheel designs bring a refreshed aesthetic.
The facelifted BYD Atto 3 is set to receive an upgrade in its driver assistance technology with the inclusion of BYD’s “God’s Eye C” (DiSus 100) system. This advanced setup enhances safety and convenience by integrating a three-camera module along with four surround-view cameras, improving its ADAS features.
While official details about the interior remain undisclosed, the electric SUV is expected to retain its existing powertrain. In India, the Atto 3 continues to be offered with two battery pack options—a 49.92 kWh unit with a range of 468 km and a larger 60.5 kWh battery capable of delivering 521 km per charge (ARAI certified). Available in Dynamic, Premium, and Superior variants, the SUV is powered by a front-mounted electric motor producing 201 bhp and 310 Nm of torque.
BYD has not yet announced an official launch date for the facelifted Atto 3. However, the updated model is expected to make its way to India after its global unveiling. In the Indian market, the current Atto 3 is priced between Rs 24.99 lakh for the entry-level variant and ₹33.99 lakh for the top-spec version (ex-showroom). With the facelift, BYD aims to enhance the SUV’s appeal while retaining its position in the premium electric vehicle segment.
Business
Tata Motors Unveils Limited-Edition Safari STEALTH to Mark 27 Years of Legacy
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Tata Motors is celebrating 27 years of the Safari with the launch of the exclusive STEALTH Edition, a limited-run variant designed for those who seek style and performance. Available in both the Harrier and Safari models, only 2,700 units of this edition will be produced. The Harrier STEALTH is priced at Rs 25.09 lakh (ex-showroom, Delhi), while the Safari STEALTH starts at Rs 25.74 lakh (ex-showroom, Delhi) and is offered in both 6- and 7-seater configurations. With a striking design, premium features, and advanced technology, the STEALTH Edition adds a new level of exclusivity to Tata’s SUV lineup.
The Tata STEALTH Edition brings a bold, monotone design that reflects the growing demand for exclusive and distinctive vehicles. With limited units available, this special edition is set to attract enthusiasts looking for a unique SUV. Bookings for the STEALTH Edition opened on February 21, both online and at Tata dealerships across India, giving customers the chance to own a rare and stylish addition to Tata’s lineup.
The Harrier and Safari STEALTH Edition stand out with their bold design and advanced features, built on the sturdy OMEGARC platform derived from Land Rover’s D8 architecture. The exclusive Matte Black finish, R19 Black Alloy Wheels, and a distinctive STEALTH mascot give these SUVs a powerful road presence. Inside, the cabin is designed for comfort with ventilated first- and second-row seats (Safari only for the second row), a Carbon-Noir interior theme, and a voice-assisted dual-zone climate control system.
Technology is a highlight, featuring a 31.24 cm Harman touchscreen, Arcade App Store, Alexa Home 2 Car, Map My India navigation, and a 10-speaker JBL audio system with Harman AudioworX. Power comes from a 2.0L KRYOTEC BS6 Phase 2 turbocharged engine producing 170PS, paired with a 6-speed automatic transmission. Safety is a priority, with Level 2+ ADAS offering 21 functions, including a segment-first Intelligent Speed Assist, along with 7 airbags and ESP with 17 safety features.
Unveiling this exciting new version of the Harrier and Safari, Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility Ltd., stated, “Tata Motors has been a leader in the Indian SUV segment, with innovation at its core. The Tata Safari, which introduced the concept of a lifestyle SUV to India, reflects this legacy of pioneering excellence. Over 27 remarkable years, the Safari has constantly evolved, and the launch of the STEALTH Edition is a tribute to this journey. This special edition is an exclusive offering, with only 2,700 units available in the striking STEALTH Matte Black finish. More than just an SUV, the STEALTH Edition is a symbol of prestige, adventure, and capability, making it a highly desirable collector’s item for enthusiasts and connoisseurs. Owning a STEALTH Edition isn’t just about having an extraordinary vehicle—it’s about claiming a piece of automotive history that many will aspire to have in their collection.”
Business
Maruti Suzuki’s New Mid-Term Plan Aims To Make India An Export Hub, Launch More EVs
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New Delhi: The Suzuki Motor Corporation of Japan, the parent company of Maruti Suzuki India, on Thursday announced a new mid-term plan with a “rethink” in its strategy as “the business environment has changed due to declining market share in India” and the growing electrical vehicles segment.
In its new mid-term plan for 2025-30, the company has identified India as its “most important market”. Maruti Suzuki aims to create a manufacturing capacity of producing 4 million cars annually to reclaim a 50 per cent market share in India and use the country as a global export hub as well.
The auto major plans to expand its EV lineup starting with the e-Vitara, and is aiming to launch four new EV models by FY30 in a segment where its rivals like Tata Motors and Mahindra & Mahindra already have a varied EV portfolio in India.
“In India, we will promote further localisation in line with the growth of the electric vehicle market,” the company said.
Maruti Suzuki is currently exporting three lakh vehicles from India annually. By the end of this decade, it is targeting the export of 7.5-8 lakh units per year.
While the company noted it achieved revenue and profit targets ahead of schedule by improving sales mix and quality, its sales volume target could not be met.
It noted that the “competitive environment is becoming increasingly severe, and the quality of product functions, equipment and services required by customers is increasing”.
It aims to be India’s no.1 carmaker in terms of production, local sales and exports of electric cars. A total of six electric vehicles will be introduced by FY30, including four electric cars and two commercial vehicles.
Suzuki Motor plans to invest 1,200 billion yen (about Rs 7,000 crore) as capital expenditure towards production, new models, carbon neutrality and quality measures. A new plant in Haryana’s Kharkhoda and an assembly line in Suzuki Motor Gujarat will come onstream by 2030 for a total installed capacity of four million units.
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