Santro to Alcazar: Hyundai Motor India rolled out 10M cars

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Chennai, June 30 | The second largest car maker in India, Hyundai Motor India Ltd on Wednesday achieved 10 million car production at its plant near here.

While the small car Santro was the first model that was rolled out of the plant about 25 years ago, it was the company’s latest model Alcazar that came out of the assembly lines as the magical 10 millionth car.

Tamil Nadu Chief Minister M.K.Stalin present at the plant signed on the car bonnet to mark the momentous occasion.

“This historic milestone of the 10 millionth car roll-out is a testimony of Hyundai’s commitment towards the Make in India initiative,” S.S.Kim, Managing Director & CEO said.

As the country’s largest exporter of automobiles, Hyundai Motor surpassed the three million vehicle export milestone in early 2020, exporting to 88 countries and recorded multiple export milestones over the years – 5 lakh exports in March 2008, 10 lakh exports in February 2010, 20 lakh exports in March 2014.

Last fiscal, the company shipped out 1,04,342 units.

Except for the first two million cars that took more than two years, Hyundai Motor touched rolling out of successive million cars in less than two years.

Hyundai Motor on Wednesday also announced community development programmes like; inauguration of Dream Village Project 2.0 – Construction of Child Care Centre benefitting 500 people annually and Community Hall with capacity to accommodate 1,500 people at Katrambakkam village in Sriperumbudur; launch of Income-Generation Programme (Dairy Farming) for rural women benefitting 200 families in Kancheepuram district; donation of five life-saving ventilators to Government Hospitals at Kancheepuram and support to a Self-Help Group for setting up a mobile catering service at Vallakottai village near Sriperumbudur.

Source: IANS

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal

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