International Automotive Components Procurement Engineer Salaries by 5 Employees

2 - 7 years exp.

₹4.2 Lakhs - ₹8.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

24% more than the average Procurement Engineer Salary in Auto Components Companies for 2 - 7 years of experience

Interested in this particular role? 1 job opening

Last Updated: 12 Nov 2024

Companies similar to International Automotive Components for Procurement Engineer

Company name	Avg Annual Salary	Open Jobs
Bosch Chassis Systems Procurement Engineer Salary 1 - 5 years exp. (4 salaries)	₹4.5 L/yr - ₹5.9 L/yr 12% less
Techmaxx Engineering Services Procurement Engineer Salary 1 - 4 years exp. (416 salaries)	₹2 L/yr - ₹4.2 L/yr 48% less
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Inoventic Tech Solution Procurement Engineer Salary 1 - 3 years exp. (327 salaries)	₹2 L/yr - ₹3.8 L/yr 51% less
Global Technologies Services Procurement Engineer Salary 1 - 4 years exp. (180 salaries)	₹2 L/yr - ₹4.3 L/yr 48% less
LKQ INDIA Procurement Engineer Salary 0 - 8 years exp. (172 salaries)	₹2.7 L/yr - ₹7 L/yr 22% less

Procurement Engineer salary at International Automotive Components ranges between ₹4.2 Lakhs to ₹8.5 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 5 latest salaries received from various employees of International Automotive Components.

Experience wise International Automotive Components Procurement Engineer salaries

Last Updated: 12 Nov 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
3 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
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4 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
5 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
6 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.1 L/yr
7 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr

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Similar Designation salaries in International Automotive Components

Project Engineer Salary

(AmbitionBox Estimate)

₹6.8 L/yr - ₹8.6 L/yr

Procurement Analyst Salary

(3 salaries)

₹5.3 L/yr - ₹6.1 L/yr

Purchase Engineer Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Executive Engineer Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.3 L/yr

Graduate Engineer Salary

(4 salaries)

₹2.5 L/yr - ₹3 L/yr

Procurement Executive Salary

(9 salaries)

₹3.4 L/yr - ₹6.7 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4.1 L/yr

Senior Engineer Salary

(54 salaries)

₹5 L/yr - ₹10.48 L/yr

Junior Engineer Salary

(5 salaries)

₹2.15 L/yr - ₹3.2 L/yr

Process Associate Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Top skills at International Automotive Components for Procurement Engineer

Procurement Vendor Management Raw Material Costing Cost Analysis Vendor Development Sourcing RFQ Auto Industry Raw Material Procurement Supplier Relationship Management Purchase MS Office

Salary related reviews for International Automotive Components

3.0

Rated by 1 employees for salary & benefits

Procurement Executive in Baner

Procurement Department

2.0

• posted on 13 May 2022

2.0

for Salary and Benefits

Likes

HR Policies are good salary is decent

Job security - Good

Dislikes

Sr management of procurment is pathetic , no direction , lots of politics with other deparrmtn strongly recommend not to join in procurment dept no work life balance no job satisfaction , no appreciations. purchase boss is very very venomous and bad

Salary - Poor

+4 more

Finance Executive in Pune

Full Time

Finance & Accounting Department

4.0

• posted on 12 May 2022

3.0

for Salary and Benefits

Likes

Working culture is good. They have full salary in pandemic situation. Work life balance is good. Company believes in give and take respect and this is specially i liked.

Job security - Good

+3 more

Dislikes

Career growth is average slow moving growth.

QA Engineer in Nashik

Full Time

Quality Assurance Department

5.0

• posted on 10 Aug 2020

3.0

for Salary and Benefits

Likes

They didn't cut salary in pandemic. Company works with global working standards Company has value for new ideas It believes in change which make difference between previous and after.

Skill development - Excellent

+3 more

Dislikes

Nothing serious about it.

Job security - Poor

Senior Business Development Manager in Pune

Full Time

Sales & Business Development Department

2.0

• posted on 23 Apr 2019

1.0

for Salary and Benefits

Likes

Not an employee friendly company. Worst company regards pay, perks and compensation. Not a company for real aspiring, aggressive determinant people. No technology support from parent company or HQ. Very less growth aspirations of the company as a whole

Dislikes

Salary compensation, variable pay is at sole discretion of management, no formal rules. Very less growth aspirations of the company as a whole

Salary - Bad

+5 more

Production & Manufacturing - Other in Manesar

Intern

Quality Assurance Department

3.0

• posted on 13 Nov 2024

1.0

for Salary and Benefits

Likes

Working culture is not so gud but gud Office timing is good no work load shift are also good only two shifts are runs per day sometimes 3 shifts run so gud

Dislikes

Promotion and salary are very bad they behave like contractual person to trainees

Salary - Bad

+5 more

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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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International Automotive Components Procurement Engineer Salary FAQs

What is the salary of Procurement Engineer at International Automotive Components ?

The average salary of a Procurement Engineer at International Automotive Components in India typically ranges from ₹4.2 Lakhs to ₹8.5 Lakhs per year, depending on experience (from 2 years to 7 years).

The top 10% of Procurement Engineer at International Automotive Components earn more than ₹8.5 Lakhs per year, and the top 1% earn over ₹8.5 Lakhs per year. Procurement Engineer Salaries at International Automotive Components 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 5 International Automotive Components employees in India.

What is the estimated take home salary of a Procurement Engineer at International Automotive Components in India?

The estimated take-home salary of a Procurement Engineer at International Automotive Components in India typically ranges from ₹43,969 to ₹45,075 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from 2 years to 7 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 5 salaries received from various employees of International Automotive Components. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Procurement Engineer at International Automotive Components ?

To be a Procurement Engineer at International Automotive Components in india, the key skills required include:

- Procurement
- Vendor Management
- Raw Material
- Costing
- Cost Analysis

These skills are highly valued at International Automotive Components and are crucial for successful performance in a Software Engineering role.

What is the salary of a Procurement Engineer in companies similar to International Automotive Components in India?

The salary of a Procurement Engineer at companies similar to International Automotive Components in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bosch Chassis Systems	₹4.5 Lakhs to ₹5.9 Lakhs per year
LKQ INDIA	₹2.7 Lakhs to ₹7.0 Lakhs per year
Global Technologies Services	₹2.0 Lakhs to ₹4.3 Lakhs per year
Techmaxx Engineering Services	₹2.0 Lakhs to ₹4.2 Lakhs per year
Inoventic Tech Solution	₹2.0 Lakhs to ₹3.8 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 Procurement Engineer at International Automotive Components in India?

The salary growth for a Procurement Engineer at International Automotive Components depends on factors such as experience, performance, and promotions. On average, a Procurement Engineer can expect the following growth trajectory at International Automotive Components:

Experience	Average Salary Range
2 years	₹3.8 Lakhs to ₹4.8 Lakhs per year
3 years	₹3.8 Lakhs to ₹4.8 Lakhs per year
4 years	₹4.6 Lakhs to ₹5.9 Lakhs per year
5 years	₹5.5 Lakhs to ₹7.0 Lakhs per year

and so on.

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International Automotive Components Procurement Engineer Salaries

International Automotive Components Procurement Engineer salary in India ranges between ₹4.2 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 International Automotive Components latest salaries received from various employees of International Automotive Components.