Lucas-TVS Chennai Procurement Engineer Salaries by 3 Employees

4 - 12 years exp.

₹3 Lakhs - ₹10 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

8% more than the average Procurement Engineer Salary in Auto Components Companies for 4 - 12 years of experience

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Salaries in different departments

Procurement & Supply Chain Procurement Engineer Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹4.6 L/yr
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Production, Manufacturing & Engineering Procurement Engineer Salary 12 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11 L/yr

Last Updated: 7 Nov 2024

Companies similar to Lucas-TVS for Procurement Engineer in Chennai

Lucas-TVS Procurement Engineer Salary

4 - 12 years exp. (3 salaries)

₹3 L/yr - ₹10 L/yr

Company name	Avg Annual Salary	Open Jobs
Valeo Procurement Engineer Salary 11 - 12 years exp. (3 salaries)	₹4.1 L/yr - ₹5.2 L/yr 23% less
Tractors and Farm Equipment Procurement Engineer Salary 1 - 5 years exp. (24 salaries)	₹2.4 L/yr - ₹6.7 L/yr 34% less
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BGR Energy Systems Procurement Engineer Salary 0 - 7 years exp. (17 salaries)	₹2.9 L/yr - ₹7 L/yr 34% less
Foxconn Procurement Engineer Salary 2 - 8 years exp. (14 salaries)	₹2.6 L/yr - ₹6.8 L/yr 23% less	1 job opening
VA Tech Wabag Procurement Engineer Salary 2 - 9 years exp. (13 salaries)	₹4.5 L/yr - ₹6.5 L/yr 13% less	1 job opening

Procurement Engineer salary at Lucas-TVS ranges between ₹3 Lakhs to ₹10 Lakhs per year for employees with experience between 4 years to 12 years. Salary estimates are based on 3 latest salaries received from various employees of Lucas-TVS.

Experience wise Lucas-TVS Procurement Engineer salaries in Chennai

Last Updated: 7 Nov 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr
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12 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr

Similar Designation salaries in Lucas-TVS

Senior Engineer Salary

(110 salaries)

₹4.2 L/yr - ₹10.2 L/yr

Purchase Engineer Salary

(43 salaries)

₹1.55 L/yr - ₹6.4 L/yr

Junior Engineer Salary

(40 salaries)

₹2 L/yr - ₹5.2 L/yr

Assistant Engineer Salary

(35 salaries)

₹3 L/yr - ₹5.3 L/yr

Sourcing Engineer Salary

(4 salaries)

₹4.7 L/yr - ₹5.9 L/yr

Graduate Engineer Salary

(3 salaries)

₹3 L/yr - ₹4.37 L/yr

Salary related reviews for Lucas-TVS

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

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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Lucas-TVS Procurement Engineer Salary FAQs

How the salary growth look like for a Procurement Engineer at Lucas-TVS in Chennai?

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

Experience	Average Salary Range
4 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
5 years	₹4.1 Lakhs to ₹5.3 Lakhs per year
12 years	₹9.0 Lakhs to ₹11.5 Lakhs per year

and so on.

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Lucas-TVS Procurement Engineer Salaries in Chennai

Lucas-TVS Procurement Engineer salary in Chennai ranges between ₹3 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Lucas-TVS latest salaries received from various employees of Lucas-TVS.