Published Paper Details:

India is the world's largest automotive sourcing destination, accounting for roughly 52 percent of the $ 200 billion market. India employs over 15 million people and continues to make important contributions to the country's economic transformation. As a result, the automobile industry is considered to be one of the most important contributors to GDP. Because this is such a chance-based industry, the rate of attrition is also rather high. Furthermore, the rate of attrition in terms of unhappiness with the performance appraisal methodologies employed is eighteen.7%. Thus, the organization's performance appraisal procedures have a vital influence in determining an employee's performance, as does the worker's satisfaction with the performance appraisal method used. It's seen to be one of the most essential variables in encouraging employees to meet or exceed quality standards. This paper examines the performance appraisal methods used by the top ten automobile companies in India (based on revenue-2020): Tata Motors, Bajaj Auto, Honda Motors, Mahindra & Mahindra Ltd, TVS Motors, Ashok Leyland Ltd, Force Motors Ltd., Hyundai Motor India Ltd. (HMIL), Maruti Suzuki India Ltd., and Hero Moto Corp Ltd. These companies, by coincidence, use either 360-degree feedback or the Balanced Score Card. As a result, this article might also be a review of 360-degree feedback and balanced score cards, examining their benefits, drawbacks, and reasons for use.