Lucas-TVS Material Engineer Salaries by 5 Employees

3 - 7 years exp.

₹2.4 Lakhs - ₹5.9 Lakhs

Low Confidence

Salary of majority employees

18% less than the average Material Engineer Salary in Auto Components Companies for 3 - 7 years of experience

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Salaries in different departments

Procurement & Supply Chain Material Engineer Salary 3 - 7 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹5.9 L/yr
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Data Science & Analytics Material Engineer Salary 5 years exp. (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.3 L/yr

Last Updated: 22 Mar 2023

Companies similar to Lucas-TVS for Material Engineer

Company name	Avg Annual Salary	Open Jobs
Bharat Forge Material Engineer Salary 1 - 7 years exp. (4 salaries)	₹5 L/yr - ₹5.8 L/yr 13% more
Hyundai Mobis Material Engineer Salary 1 - 3 years exp. (3 salaries)	₹2.3 L/yr - ₹5.5 L/yr 20% less
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Prumatech Infosystems Material Engineer Salary 1 - 6 years exp. (101 salaries)	₹1 L/yr - ₹4.2 L/yr 40% less
Pilog Material Engineer Salary 0 - 6 years exp. (67 salaries)	₹1.5 L/yr - ₹5.6 L/yr 24% less	1 job opening
Hofincons Infotech & Industrial Services Material Engineer Salary 1 - 5 years exp. (23 salaries)	₹1.8 L/yr - ₹4 L/yr 51% less

Material Engineer salary at Lucas-TVS ranges between ₹2.4 Lakhs to ₹5.9 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 5 latest salaries received from various employees of Lucas-TVS.

Experience wise Lucas-TVS Material Engineer salaries

Last Updated: 22 Mar 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.6 L/yr
4 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹5.8 L/yr
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5 years (AmbitionBox Estimate)	₹2 L/yr - ₹5.8 L/yr
6 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹5.9 L/yr
7 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹5.9 L/yr

Similar Designation salaries in Lucas-TVS

Senior Engineer Salary

(150 salaries)

₹4.2 L/yr - ₹10.2 L/yr

Site Engineer Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Structural Engineer Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Quality Engineer Salary

(180 salaries)

₹1.05 L/yr - ₹6.5 L/yr

Junior Engineer Salary

(61 salaries)

₹2 L/yr - ₹5.2 L/yr

Assistant Engineer Salary

(72 salaries)

₹2.45 L/yr - ₹5.3 L/yr

QA QC Engineer Salary

(5 salaries)

₹1.75 L/yr - ₹6.1 L/yr

Deputy Manager Salary

(43 salaries)

₹7.2 L/yr - ₹18 L/yr

Project Manager Salary

(8 salaries)

₹5.75 L/yr - ₹14 L/yr

Salary related reviews for Lucas-TVS

3.0

Rated by 2 employees for salary & benefits

Assistant Engineer in Chennai

Defense Department

1.0

• posted on 18 Aug 2021

1.0

for Salary and Benefits

Likes

...kers. Worst company . You will not have any kind of improvements in skill wise..also salary wise.

Dislikes

Simply... a weak management. If you can cheat and chainchap to ur boss. Its ur place. No hard work required. Chainchap.

Salary - Bad

+6 more

Assistant Engineer in Pondicherry / Puducherry

Process (Engineering) Department

3.0

• posted on 02 Jan 2019

3.0

for Salary and Benefits

Likes

Hello, In my experience, Lucas TVS is been a wonderful platform for beginners to learn more Skill & knowledge. Reasonable renumerance & benefits. I don't recommend beginners to not to stick around for more than 3 years.

Skill development - Good

+2 more

Dislikes

...ull on politics, politics everywhere keep that in mind. Not much in low level. Salary & grade revision is an absolute non-sense. Its all about your learning rather than depending on others. No OT or allowances

Company culture - Poor

Middle Level Manager in Chennai

Full Time

Other Department

4.0

• posted on 10 Nov 2024

2.0

for Salary and Benefits

Likes

Great company for learning. Mistakes are not seen fatal Good facilities

Job security - Excellent

+1 more

Dislikes

Non standard salary compensation. Outside talents are respected more than inhouse talents N+1 decides your growth. Effort, output and Recognition is not comparable across verticals/ departments

Salary - Poor

Senior Design Engineer in Chennai

Full Time

Research & Development Department

3.0

• posted on 02 Oct 2024

3.0

for Salary and Benefits

Likes

Good food, very good learning because they will dumb the work so you will start to learn.. nice uniform,

Skill development - Good

+1 more

Dislikes

All Saturday working, no sick leave or emergency leave, poor appraisal percentage, huge politics, salary scale is too poor compared to market.

Promotions - Poor

+2 more

Senior Engineer Mechanical in Pondicherry / Puducherry

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 28 Feb 2024

3.0

for Salary and Benefits

Likes

Only thing food is provided

Dislikes

...gned. This can lead to dissatisfaction and confusion for new employees. Salary Hike and CTC: Negotiating a 20-30% hike is commendable, but the lack of clarity regarding the CTC (Cost to Company) in the offer can be misleading. Employees deserve accurate information upfront. Deductions and Hidden Costs: Deducting costs such as medical allowance, insurance, LTA, lunch, snacks, uniform, and transport without clear communication can be frustrating. Transparency is crucial to build trust. Leave Policy: Having only 14 days of earned leave (without casual or sick leaves) seems restrictive. Adequate leave provisions are essential for work-life balance. Resignation Process and Offer Correction: If you are hired by Lucas-TVS, it is crucial to receive a formal offer letter before taking any steps related to resignation. Insist on having all terms and conditions in writing, including the designation, compensation, and other relevant details. If the offer is not provided officially over email or in writing, exercise caution and seek clarification. The subsequent threat of cancellation adds unnecessary stress. Correcting the offer after joining, especially regarding designation and CTC, is unfair and disappointing. THE COMPANY IS NOT FOR ENERGETIC ONES

Skill development - Bad

+3 more

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Lucas-TVS Material Engineer Salary FAQs

What is the salary of Material Engineer at Lucas-TVS ?

The average salary of a Material Engineer at Lucas-TVS in India typically ranges from ₹2.4 Lakhs to ₹5.9 Lakhs per year, depending on experience (from 3 years to 7 years).

The top 10% of Material Engineer at Lucas-TVS earn more than ₹5.9 Lakhs per year, and the top 1% earn over ₹5.9 Lakhs per year. Material Engineer Salaries at Lucas-TVS 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 Lucas-TVS employees in India.

What is the estimated take home salary of a Material Engineer at Lucas-TVS in India?

The estimated take-home salary of a Material Engineer at Lucas-TVS in India typically ranges from ₹37,232 to ₹38,438 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹5.9 Lakhs per year for employees with experience ranging from 3 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 Lucas-TVS. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Lucas-TVS for Material Engineer in India?

Bharat Forge

₹5.0 Lakhs to ₹5.8 Lakhs per year

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

What is the salary of a Material Engineer in companies similar to Lucas-TVS in India?

The salary of a Material Engineer at companies similar to Lucas-TVS in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Hyundai Mobis	₹2.3 Lakhs to ₹5.5 Lakhs per year
Pilog	₹1.5 Lakhs to ₹5.6 Lakhs per year
Prumatech Infosystems	₹1.0 Lakhs to ₹4.2 Lakhs per year
Hofincons Infotech & Industrial Services	₹1.8 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 Material Engineer at Lucas-TVS in India?

The salary growth for a Material Engineer at Lucas-TVS depends on factors such as experience, performance, and promotions. On average, a Material Engineer can expect the following growth trajectory at Lucas-TVS:

Experience	Average Salary Range
3 years	₹2.4 Lakhs to ₹6.6 Lakhs per year
4 years	₹1.7 Lakhs to ₹5.8 Lakhs per year
5 years	₹2.0 Lakhs to ₹5.8 Lakhs per year
6 years	₹2.3 Lakhs to ₹5.9 Lakhs per year

and so on.

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Lucas-TVS Material Engineer Salaries

Lucas-TVS Material Engineer salary in India ranges between ₹2.4 Lakhs to ₹5.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Lucas-TVS latest salaries received from various employees of Lucas-TVS.

Lucas-TVS Material Engineer salaries in India

Companies similar to Lucas-TVS for Material Engineer

Latest annual salaries shared by Lucas-TVS Material Engineer

Experience wise Lucas-TVS Material Engineer salaries

Similar Designation salaries in Lucas-TVS

Salary related reviews for Lucas-TVS

Assistant Engineer in Chennai

Assistant Engineer in Pondicherry / Puducherry

Middle Level Manager in Chennai

Senior Design Engineer in Chennai

Senior Engineer Mechanical in Pondicherry / Puducherry

Lucas-TVS Material Engineer Salary FAQs

Tell us how to improve this page.