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Magna International
3.9
based on 702 Reviews
Video summary
Company Overview
Company Locations
Working at Magna International
Company Summary
Magna International focuses on corporate governance to enhance stakeholder trust, ensuring long-term value in the automotive industry.
Overall Rating
3.9/5
based on 702 reviews
3% above
industry average
Highly rated for
Job security
Critically rated for
Promotions
Work Policy
Work from office
66% employees reported
Monday to Saturday
42% employees reported
Flexible timing
53% employees reported
No travel
52% employees reported
View detailed work policy
Top Employees Benefits
Office cab/shuttle
52 employees reported
Free meal
45 employees reported
Health insurance
43 employees reported
Job/Soft skill training
41 employees reported
View all benefits
About Magna International
Founded in1957 (68 yrs old)
India Employee Count1k-5k
Global Employee Count1 Lakh+
HeadquartersAurora, Canada
Office Locations
--
Websitemagna.com
Primary Industry
Other Industries
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View in video summary
Magna believes that strong corporate governance practices are essential to fostering stakeholder trust and confidence, management accountability and long-term shareholder value. Our approach to corporate governance is described under “Corporate Governance Overview” in our most recent management information circular/proxy statement. It is also set out in our Board Charter, which can be found under “Corporate Governance Documents” in this section of the website. Our Board Charter is reviewed at least annually and updated as needed to reflect evolving best practices in corporate governance.
Vision: We aim to be our customers' preferred global supplier partner for the automotive industry, by delivering the best value built on innovative products and processes and World Class Manufacturing. We strive to be the employer of choice, an ethical and responsible corporate citizen and a superior long-term investment for our shareholders.
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Magna International Ratings
based on 702 reviews
Overall Rating
3.9/5
How AmbitionBox ratings work?
5
293
4
197
3
113
2
37
1
62
Category Ratings
3.8
Job security
3.7
Company culture
3.7
Work-life balance
3.7
Skill development
3.6
Salary
3.6
Work satisfaction
3.3
Promotions
Magna International is rated 3.9 out of 5 stars on AmbitionBox, based on 702 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Magna International
based on 671 reviews
4.1
Rated by 48 Women
Rated 4.0 for Work-life balance and 3.8 for Company culture
3.9
Rated by 623 Men
Rated 3.8 for Job security and 3.7 for Work-life balance
Work Policy at Magna International
based on 128 reviews in last 6 months
Work from office
66%
Hybrid
28%
Permanent work from home
6%
Magna International Reviews
Top mentions in Magna International Reviews
+ 5 more
Compare Magna International with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.9/5 based on 702 reviews | 4.2/5 based on 4k reviews | 3.8/5 based on 2.3k reviews | 3.9/5 based on 1.2k reviews |
Highly Rated for | Job security | Work-life balance Company culture Skill development | No highly rated category | Company culture Skill development |
Critically Rated for | Promotions | No critically rated category | Promotions | Promotions |
Primary Work Policy | Work from office 66% employees reported | Work from office 49% employees reported | Work from office 88% employees reported | Hybrid 52% employees reported |
Rating by Women Employees | 4.1 Good rated by 48 women | 4.1 Good rated by 518 women | 3.7 Good rated by 260 women | 3.6 Good rated by 132 women |
Rating by Men Employees | 3.9 Good rated by 623 men | 4.2 Good rated by 3.2k men | 3.8 Good rated by 1.9k men | 3.9 Good rated by 1.1k men |
Job security | 3.8 Good | 4.0 Good | 3.7 Good | 3.7 Good |
View more
Magna International Salaries
Magna International salaries have received with an average score of 3.6 out of 5 by 702 employees.
Senior Design Engineer
(150 salaries)
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₹4.8 L/yr - ₹18 L/yr
Design Engineer
(141 salaries)
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₹2.4 L/yr - ₹12 L/yr
Lead Engineer
(133 salaries)
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₹7.8 L/yr - ₹21.7 L/yr
Software Engineer
(116 salaries)
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₹5 L/yr - ₹13 L/yr
Senior Software Engineer
(100 salaries)
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₹7 L/yr - ₹26.8 L/yr
Senior Engineer
(87 salaries)
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₹4.7 L/yr - ₹20 L/yr
Junior Engineer
(84 salaries)
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₹2 L/yr - ₹4.5 L/yr
Production Engineer
(83 salaries)
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₹1.5 L/yr - ₹5.5 L/yr
System Test Engineer
(61 salaries)
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₹4.7 L/yr - ₹19.8 L/yr
Diploma Trainee Engineer
(58 salaries)
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₹1.7 L/yr - ₹3 L/yr
Magna International Interview Questions
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Magna International Jobs
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Magna International News
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Serve Robotics CEO Ali Kashani on the future of last-mile logistics
- Ali Kashani, CEO of Serve Robotics, discusses the company's impressive growth and plans to scale their fleet of delivery robots.
- Kashani highlights partnerships with Magna and Uber, as well as challenges in expanding into new markets like Miami.
- The discussion covers the role of AI in enhancing robot capabilities and the importance of adapting workflows for restaurant partners.
- Kashani reflects on the journey from startup to public company and the future possibilities for robotics in different sectors.
The Robot Report | 29 Mar, 2025
TSX Subdued as Investors Assess Trump Tariff Plans
- Canada's main stock index struggled for direction on Thursday after U.S. President Donald Trump's announcement of tariffs on auto imports intensified the global trade war.
- The TSX Composite Index opened down by 32 points.
- Trump unveiled a 25% tariff on imported vehicles, set to take effect on April 3.
- Consumer discretionary stocks fell, with Magna International declining the most.
Baystreet | 27 Mar, 2025
Nvidia's Chips Are Taking Over the Automotive World
- General Motors (GM) is set to rely on Nvidia's chips in its manufacturing and autonomous vehicle efforts.
- GM will use Nvidia's Omniverse simulation program to create production simulations and identify efficiency gaps.
- Nvidia and GM will collaborate on autonomous vehicle functions including Super Cruise and driver-assistance tech.
- Nvidia has also announced a partnership with Magna International to improve advanced driver-assistance systems and autonomous driving features.
The Truth About Cars | 21 Mar, 2025
Driving Impact: NVIDIA Expands Automotive Ecosystem to Bring Physical AI to the Streets
- NVIDIA is leading the AV revolution with its expertise in automotive computing and safety, showcased at the NVIDIA GTC AI conference.
- Key players like GM and Volvo are leveraging NVIDIA's accelerated compute platforms for designing intelligent mobility solutions.
- Lenovo and Nuro collaborate on end-to-end systems for autonomous vehicles focused on safety and reliability.
- NVIDIA's DRIVE AGX platform is boosting advancements in trucking, with companies like Gatik and Torc integrating it for autonomous operations.
- Magna is utilizing NVIDIA's Blackwell architecture-based DRIVE Thor platform to develop active safety and comfort features for vehicles.
- NVIDIA's Omniverse Blueprint for AV simulation and Cosmos world foundation models enhance data variation for autonomous vehicle development.
- Companies like Cerence AI and SoundHound are utilizing NVIDIA AI Enterprise on DRIVE AGX for improved in-vehicle experiences.
- NVIDIA Halos is a comprehensive safety system ensuring the safe deployment of highly automated and autonomous vehicles.
- NVIDIA introduced new tools like NIM microservices for automotive applications to accelerate AV development and deployment.
- Attendees of the NVIDIA GTC conference can learn about the latest automotive advancements and sessions on AV development.
Nvidia | 19 Mar, 2025
Stocks End Week with Declines
- Canada's main stock index fell after weak earnings from consumer discretionary firms Magna and MTY Food on Friday, while investors took some profits after strong gains in the previous session.
- The TSX Composite Index was belted 215.28 points to end Friday at 25,483.23. The index was still ahead, however, by 40 points, or 0.16% on the week.
- The Canadian dollar eked higher 0.10 cents to 70.57 cents U.S.
- Pipeline operator TC Energy beat estimates for fourth-quarter profit on Friday, but shares lost after earnings announcement.
Baystreet | 15 Feb, 2025
TSX Pitches Lower by Noon
- Canada's main stock index, the TSX Composite, fell during midday trading on Friday after weak earnings from consumer discretionary firms Magna and MTY Food.
- The Canadian dollar slightly increased to 70.60 cents U.S.
- Pipeline operator TC Energy reported better-than-expected fourth-quarter profit, but shares declined 2.4%.
- Overall, the TSX consumer discretionary sector, as well as the materials group, experienced declines.
Baystreet | 15 Feb, 2025
Magna International Lowers Guidance Due To Tariff Uncertainty
- Magna International lowers its forward guidance due to trade tariff uncertainty.
- Current trade tensions between the U.S. and Canada make forecasting more difficult.
- Fiscal 2026 revenue forecast lowered to $40.50 billion U.S. to $42.60 billion U.S.
- Other factors impacting Magna's operations and finances include competition from Chinese automakers and a strengthening U.S. dollar.
Baystreet | 14 Feb, 2025
Avoid These Stocks, Including PDD
- China's e-commerce giant PDD Holdings (PDD) warned of slower growth and faces trade restrictions and competition.
- Automotive parts suppliers like Advance Auto Parts (AAP), Aptiv (APTV), Magna International (MGA), and BorgWarner (BWA) may underperform due to planned tariffs.
- StoneCo (STNE), a Brazil-based fintech, is on a downtrend despite reporting stronger payment volume in Q3.
- Dollar Tree (DLTR) in the retail sector lacks growth momentum and may underperform amid increasing competition.
Baystreet | 2 Dec, 2024
Stocks to Watch: Magna, BioNTech, and Ubiquiti
- The recession in the automotive industry is impacting parts suppliers, including Magna International, Advance Auto Parts, and Aptiv.
- Magna is planning a stock buyback of up to 10% of its public float, aiming to provide support to its stock value.
- BioNTech reported a 34% increase in revenue in Q3 and reduced its SG&A expenses and capital expenditures.
- Ubiquiti posted strong results, with a 19.77% gain in stock value and increased sales driven by new products and features.
Baystreet | 13 Nov, 2024
Avoid These Stocks
- Volkswagen plans to close at least three German plants and cut jobs, indicating weak conditions in U.S. markets for auto parts suppliers.
- Investors should avoid Aptiv as the firm is struggling with a slowdown in the electric vehicle market and has lowered its revenue guidance.
- STMicroelectronics reported a 26.6% YoY decline in Q3 revenue and expects a marginal increase in Q4 net revenue.
- Magna posted weak Q3 results with a 3.7% YoY decline in revenue, and although stock buybacks are expected to help, the stock is likely to struggle.
Baystreet | 5 Nov, 2024
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Magna International FAQs
When was Magna International founded?
Magna International was founded in 1957. The company has been operating for 68 years primarily in the Auto Components sector.
Where is the Magna International headquarters located?
Magna International is headquartered in Aurora.
How many employees does Magna International have in India?
Magna International currently has more than 1,200+ employees in India. Production, Manufacturing & Engineering department appears to have the highest employee count in Magna International based on the number of reviews submitted on AmbitionBox.
Does Magna International have good work-life balance?
Magna International has a Work-Life Balance Rating of 3.7 out of 5 based on 700+ employee reviews on AmbitionBox. 70% employees rated Magna International 4 or above, while 30% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Magna International work-life balance reviews for more details
Is Magna International good for career growth?
Career growth at Magna International is rated as moderate, with a promotions and appraisal rating of 3.3. 30% employees rated Magna International 3 or below, while 70% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Magna International promotions/appraisals reviews for more detailed insights.
What are the pros and cons of working in Magna International?
Working at Magna International comes with several advantages and disadvantages. It is highly rated for job security. However, it is poorly rated for promotions / appraisal, based on 700+ employee reviews on AmbitionBox.
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