Hi-Tech Metal Formings Indore Production Engineer Salaries by 10+ Employees

2 - 10 years exp.

₹2.4 Lakhs - ₹6.3 Lakhs

Avg. annual salary

Monthly In-hand Salary

At par with the average Production Engineer Salary in Metals & Mining Companies for 2 - 10 years of experience

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Last Updated: 7 Jul 2024

Companies similar to Hi-Tech Metal Formings for Production Engineer in Indore

Hi-Tech Metal Formings Production Engineer Salary

2 - 10 years exp. (12 salaries)

₹2.4 L/yr - ₹6.3 L/yr

Company name	Avg Annual Salary	Open Jobs
Maan Aluminium Production Engineer Salary 0 - 4 years exp. (7 salaries)	₹2.2 L/yr - ₹4 L/yr 12% less
Force Motors Production Engineer Salary 1 - 10 years exp. (53 salaries)	₹1.5 L/yr - ₹6.5 L/yr 15% more
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Samvardhana Motherson Group Production Engineer Salary 1 - 7 years exp. (50 salaries)	₹1.8 L/yr - ₹5 L/yr 2% more
VE Commercial Vehicles Production Engineer Salary 2 - 7 years exp. (28 salaries)	₹1.4 L/yr - ₹5 L/yr 11% less
Surin Automotive Production Engineer Salary 2 - 6 years exp. (21 salaries)	₹2.2 L/yr - ₹4.5 L/yr 9% less

Production Engineer salary at Hi-Tech Metal Formings ranges between ₹2.4 Lakhs to ₹6.3 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 12 latest salaries received from various employees of Hi-Tech Metal Formings.

Experience wise Hi-Tech Metal Formings Production Engineer salaries in Indore

Last Updated: 7 Jul 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
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4 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
5 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
6 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
7 years (3 salaries)	₹3 L/yr - ₹4.2 L/yr
8 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
9 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
10 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr

View all

Similar Designation salaries in Hi-Tech Metal Formings

Quality Engineer Salary

(11 salaries)

₹2.4 L/yr - ₹6 L/yr

Senior Production Engineer Salary

(10 salaries)

₹3.5 L/yr - ₹6.36 L/yr

Mechanical Engineer Salary

(4 salaries)

₹2 L/yr - ₹4 L/yr

Supervisor Salary

(3 salaries)

₹2 L/yr - ₹3.6 L/yr

Salary related reviews for Hi-Tech Metal Formings

4.2

Rated by 6 employees for salary & benefits

Quality Officer in Bardari Gram Indore

Full Time

Quality Assurance Department

3.0

• posted on 22 Jun 2022

4.0

for Salary and Benefits

Likes

Staff behaviour & company work environment & culture, atmosphere, management transparent working knowledge, good pay, job training

Salary - Good

+1 more

Dislikes

There is lot of politics, HR behaviour, team work, salary decent, growth

Job security - Poor

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Hi-Tech Metal Formings Production Engineer Salary FAQs

What is the salary of Production Engineer at Hi-Tech Metal Formings in Indore?

The average salary of a Production Engineer at Hi-Tech Metal Formings in Indore typically ranges from ₹2.4 Lakhs to ₹6.3 Lakhs per year, depending on experience (from 2 years to 10 years).

The top 10% of Production Engineer in Indore at Hi-Tech Metal Formings earn more than ₹4.8 Lakhs per year, and the top 1% earn over ₹6.3 Lakhs per year. Production Engineer Salaries at Hi-Tech Metal Formings can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 10+ Hi-Tech Metal Formings employees in India.

What is the estimated take home salary of a Production Engineer at Hi-Tech Metal Formings in Indore?

The estimated take-home salary of a Production Engineer at Hi-Tech Metal Formings in Indore typically ranges from ₹26,665 to ₹28,079 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹6.3 Lakhs per year for employees with experience ranging from 2 years to 10 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 10+ salaries received from various employees of Hi-Tech Metal Formings. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Hi-Tech Metal Formings for Production Engineer in India?

Force Motors	₹1.5 Lakhs to ₹6.5 Lakhs per year
Samvardhana Motherson Group	₹1.8 Lakhs to ₹5.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Hi-Tech Metal Formings, depending on the role and experience level.

What is the salary of a Production Engineer in companies similar to Hi-Tech Metal Formings in Indore?

The salary of a Production Engineer at companies similar to Hi-Tech Metal Formings in Indore varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Surin Automotive	₹2.2 Lakhs to ₹4.5 Lakhs per year
VE Commercial Vehicles	₹1.4 Lakhs to ₹5.0 Lakhs per year
Maan Aluminium	₹2.2 Lakhs to ₹4.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Production Engineer at Hi-Tech Metal Formings in Indore?

The salary growth for a Production Engineer at Hi-Tech Metal Formings in Indore depends on factors such as experience, performance, and promotions. On average, a Production Engineer in Indore can expect the following growth trajectory at Hi-Tech Metal Formings:

Experience	Average Salary Range
2 years	₹2.2 Lakhs to ₹2.8 Lakhs per year
3 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
4 years	₹2.8 Lakhs to ₹3.6 Lakhs per year
5 years	₹3.1 Lakhs to ₹4.0 Lakhs per year

and so on.

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Hi-Tech Metal Formings Production Engineer Salaries in Indore

Hi-Tech Metal Formings Production Engineer salary in Indore ranges between ₹2.4 Lakhs to ₹6.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Hi-Tech Metal Formings latest salaries received from various employees of Hi-Tech Metal Formings.