The demand for used cars continues to soar during the pandemic and subsequently companies in this space are expanding and hiring at a rapid pace, with up to 10,000 new jobs currently available in the industry.
What’s more, with the new-age companies in this space offering services like inspection of the car at the customer’s home and even home delivery of cars, the requirement of staff per sale has also gone up.
Used car retailer Spinny said that it wants to add at least 5,000 new roles through 2022 as it more than doubles its team of about 4,000 at present. The company said that recruitments were at a peak in October.
With the entrance of Ola Cars to the market, the competition has only intensified. The company said it will hire 10,000 people over the next 12 months and expand operations to 100 cities.
IPO-bound Droom, too, has been on a “massive hiring spree,” Sandeep Aggarwal, the chairman of Droom Technology, told ET. The roles include three main operations – loan and insurance, inspection and last mile delivery, he said. The company recently added half a dozen leadership positions and 50 new roles in operations, Aggarwal added.
The demand for used cars has reached new highs as customers look for affordable personal means of transport during the pandemic. A sharp increase in the prices of new cars over the past couple of years and the recent supply shortage in the new car market has driven even more customers towards the pre-owned segment.
“The hiring spree started in the early Covid days but it was not that aggressive. But now since the past 3-6 months companies are aggressively hiring,” said Ajoy Thomas, the business head for retail, e-commerce, logistics and transportation at TeamLease, a staffing firm.
Thomas said that there were about 10,000 new openings in the market. The number was less than 1,000 just a few months ago. This includes both permanent and temporary roles. On its part, TeamLease has posted about 8,000 personnel in the last six months in this space, he said.
As companies look beyond the top metro cities in search for newer markets to gain a first mover’s advantage, there was a huge potential in the sector for job creation, said India’s largest staffing firm Quess Corp.
In the next two-three years, the market could cover even tier-2, tier-3, and tier-4 towns, and “eventually have a few tens of thousands of people employed in the sector,” said Lohit Bhatia President- Workforce Management, Quess Corp.