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Formel D Project Engineer salaries in India

Annual salary range
2 - 6 years exp.
₹4 Lakhs - ₹4.4 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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18% less than the average Project Engineer Salary in Auto Components Companies for 2 - 6 years of experience

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Last Updated: 13 Mar 2023

Companies similar to Formel D for Project Engineer

Company name Avg Annual Salary Open Jobs
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Yazaki Project Engineer Salary

1 - 8 years exp. (14 salaries)

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₹3 L/yr - ₹7 L/yr

arrow icon 5% more
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Gestamp Project Engineer Salary

0 - 5 years exp. (7 salaries)

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₹1.9 L/yr - ₹5 L/yr

arrow icon 25% less
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₹5 L/yr - ₹12.5 L/yr

arrow icon 129% more
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Goodyear Project Engineer Salary

2 - 5 years exp. (5 salaries)

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₹2.3 L/yr - ₹4 L/yr

arrow icon 23% less
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Hanon Systems Project Engineer Salary

4 - 6 years exp. (4 salaries)

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₹5 L/yr - ₹7.1 L/yr

arrow icon 32% more
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Adient Project Engineer Salary

1 - 10 years exp. (4 salaries)

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₹2.4 L/yr - ₹13 L/yr

arrow icon 58% more
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Toyoda Gosei Minda Project Engineer Salary

7 - 11 years exp. (3 salaries)

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₹6.2 L/yr - ₹6.3 L/yr

arrow icon 42% more
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Magna International Project Engineer Salary

1 - 5 years exp. (3 salaries)

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₹4 L/yr - ₹4.7 L/yr

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Knorr-Bremse Project Engineer Salary

2 - 6 years exp. (3 salaries)

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₹3 L/yr - ₹9 L/yr

arrow icon 36% more
Project Engineer salary at Formel D ranges between ₹4 Lakhs to ₹4.4 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Formel D.

Latest annual salaries shared by Formel D Project Engineer

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2 years exp.
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4 years exp.
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4 years exp.

Experience wise Formel D Project Engineer salaries

Last Updated: 13 Mar 2023

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹4 L/yr - ₹5.1 L/yr

Similar Designation salaries in Formel D

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₹8 L/yr - ₹12.24 L/yr
Senior Engineer Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr
QA QC Engineer Salary
(AmbitionBox Estimate)
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₹1.9 L/yr - ₹2.4 L/yr
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₹1.6 L/yr - ₹3.8 L/yr
Junior Engineer Salary
(AmbitionBox Estimate)
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₹2.3 L/yr - ₹2.9 L/yr
Project Coordinator Salary
(AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr

Salary related reviews for Formel D

2.1

Rated by 2 employees for salary & benefits

Quality Department

1.0
  •  posted on 24 Jan 2020

2.0
 for  Salary and Benefits

Likes

...ood company in case you are jobless and you do not have any other offer in hand. Only thing which is good about this company is the salary is on time and there is sufficient exposure to the industry being working with OEM's and supplier partners.

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Dislikes

No job security Pathetic top management Poor decision making of top management Terminates the resources without any reason High level politics at all the levels leading to favoring Improper systems in place for day-to-day job handling Top level management does not care about anyone Bad image in front of customer Choose Formel D only if you are jobless.

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Production, Manufacturing & Engineering Department

4.0
  •  posted on 14 Feb 2019

4.0
 for  Salary and Benefits

Likes

...owth is definitely.. you have many job opportunity when you working in plant.. #Salary - Good but not the high level. #Learning / Innovation - you will definitely learn something new and exciting.

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Dislikes

#Teammates : Upper level management - in one word Third class Lower level people - Higly politics, bad ethics. #Job Security : They will choose you, use you. And when work done they will threw you....they are 3rd party company they have not long term plan. Please if you want life time job don't go there. If project completed they tell you please don't come up till New project start but reality is it's never start. They are playing with employees life. #Work Life balance - Terrible cause of 3 shift in a day. Not fix that you have come to regular shift....

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Finance & Accounting Department

1.0
  •  posted on 17 Mar 2019

1.0
 for  Salary and Benefits

Likes

Only good for freshers to learn something .

Dislikes

.... to country head to directors. C9mpnay under financial crisis. No job security. Low pay. No motivation Just work n work without asking for reward.

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Quality Assurance Department

2.0
  •  posted on 02 Jul 2022

2.0
 for  Salary and Benefits

Likes

Colleagues support is good, learning to work in different fields, getting exposure and knowledge of different process's and products. You take the challenging jobs of process improvements and improve them with your own experience.

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Dislikes

No Employee motivation, Management support not in place, No Employee competency development. Company culture down the line is good, Job insecurity. If you don't have any projects then it's the responsibility of yours that you have to get the new projects and conver them into business.

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Qualiy Department

3.0
  •  posted on 23 Apr 2019

3.0
 for  Salary and Benefits

Likes

Company policy are good.

Dislikes

This is project besed company so it's totally depends on customer hense less job security They don't care last chain employee But fact is total income coming from only when these people working.

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Formel D Project Engineer Salary FAQs

What is the salary of Project Engineer at Formel D?
Project Engineer salary at Formel D in India ranges between ₹4.0 Lakhs to ₹4.4 Lakhs for experience between 2 years to 6 years. According to our estimates it is 18% less than the average Project Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Formel D India.
How does the salary of a Project Engineer at Formel D India compare with the average salary range for this job?
The average salary of a Project Engineer at Formel D is 18% less than the average salary of a Project Engineer in India. To know exact salary insights, login to view.
Which similar companies are paying more than Formel D to a Project Engineer in India?
  • Continental Automotive Components Project Engineer Salary - ₹5.0 Lakhs to ₹12.5 Lakhs per year
  • Adient Project Engineer Salary - ₹2.4 Lakhs to ₹13.0 Lakhs per year
  • Toyoda Gosei Minda Project Engineer Salary - ₹6.2 Lakhs to ₹6.3 Lakhs per year
  • Knorr-Bremse Project Engineer Salary - ₹3.0 Lakhs to ₹9.0 Lakhs per year
  • Hanon Systems Project Engineer Salary - ₹5.0 Lakhs to ₹7.1 Lakhs per year
What is the salary of a Project Engineer in companies similar to Formel D in India?
  • Yazaki Project Engineer Salary - ₹3.0 Lakhs to ₹7.0 Lakhs per year
  • Magna International Project Engineer Salary - ₹4.0 Lakhs to ₹4.7 Lakhs per year
  • Goodyear Project Engineer Salary - ₹2.3 Lakhs to ₹4.0 Lakhs per year
  • Gestamp Project Engineer Salary - ₹1.9 Lakhs to ₹5.0 Lakhs per year
What is the estimated take home salary of a Project Engineer at Formel D in India?
The estimated take-home salary of a Project Engineer at Formel D ranges between ₹32,744 per month to ₹34,017 per month in India. The take-home salary calculation is based on the average Formel D Project Engineer salary in India which ranges between ₹4.0 Lakhs to ₹4.4 Lakhs per year for employees with experience between 2 years to 6 years. Check how did we calculate take home salary?

Tell us how to improve this page.

Formel D Project Engineer salary in India ranges between ₹4 Lakhs to ₹4.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Formel D latest salaries received from various employees of Formel D.