Lumax Industries Mould Setter Salaries by 4 Employees

1 - 24 years exp.

₹2.4 Lakhs - ₹7 Lakhs

Low Confidence

Salary of majority employees

55% more than the average Mould Setter Salary in Auto Components Companies for 1 - 24 years of experience

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Salaries in different departments

Customer Success, Service & Operations Mould Setter Salary 24 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹7.7 L/yr
Production, Manufacturing & Engineering Mould Setter Salary 4 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.7 L/yr
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Security Services Mould Setter Salary 1 year exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr

Last Updated: 5 Nov 2024

Companies similar to Lumax Industries for Mould Setter

Company name	Avg Annual Salary	Open Jobs
Varroc Group Mould Setter Salary 1 - 3 years exp. (4 salaries)	₹1.9 L/yr - ₹2.4 L/yr 44% less
UNO Minda Mould Setter Salary 1 - 5 years exp. (4 salaries)	₹1.6 L/yr - ₹2.1 L/yr 53% less
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Faurecia Mould Setter Salary 2 - 5 years exp. (4 salaries)	₹2.2 L/yr - ₹2.5 L/yr 39% less
Motherson Automotive Technologies and Engineering Mould Setter Salary 0 - 3 years exp. (9 salaries)	₹1.5 L/yr - ₹3.5 L/yr 33% less
Watertec India Mould Setter Salary 4 - 11 years exp. (6 salaries)	₹3.4 L/yr - ₹4 L/yr 7% less

Mould Setter salary at Lumax Industries ranges between ₹2.4 Lakhs to ₹7 Lakhs per year for employees with experience between 1 year to 24 years. Salary estimates are based on 4 latest salaries received from various employees of Lumax Industries.

Experience wise Lumax Industries Mould Setter salaries

Last Updated: 5 Nov 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
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4 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
15+ years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr

Similar Designation salaries in Lumax Industries

Line Leader Salary

(28 salaries)

₹1.2 L/yr - ₹3.25 L/yr

Supervisor Salary

(46 salaries)

₹1.68 L/yr - ₹6 L/yr

Shift Engineer Salary

(6 salaries)

₹2.7 L/yr - ₹4.38 L/yr

Senior Engineer Salary

(222 salaries)

₹3.4 L/yr - ₹9 L/yr

Shift Incharge Salary

(9 salaries)

₹2.18 L/yr - ₹4.6 L/yr

Quality Engineer Salary

(144 salaries)

₹1.25 L/yr - ₹6 L/yr

Project Engineer Salary

(5 salaries)

₹3 L/yr - ₹7 L/yr

Junior Engineer Salary

(71 salaries)

₹1.2 L/yr - ₹4.1 L/yr

Production Manager Salary

(11 salaries)

₹10.8 L/yr - ₹17.5 L/yr

Graduate Engineer Salary

(4 salaries)

₹3.28 L/yr - ₹3.3 L/yr

Salary related reviews for Lumax Industries

Assistant Engineer in Pune

Full Time

Media Production & Entertainment Department

4.0

• posted on 27 Nov 2024

3.0

for Salary and Benefits

Likes

Company provides bus and canteen facility 08 hour duty Weekly off Party function MCM function You can learn and increase your skill knowledge unlimited in lumax industries limited

Skill development - Good

+3 more

Dislikes

Salary & promotion & appraisal is too slow if you are not skip & continues job in lumax then your salary is increased very slow compared other employees who hired from other companies as same role & responsibility DWM.

Production Engineer in Bangalore / Bengaluru

Production, Manufacturing & Engineering Department

5.0

• posted on 01 May 2021

5.0

for Salary and Benefits

Likes

...environment and culture. Teammates are supportive and the management is transpa. Company policies are good, appreisals are fair and they give avarage salary hike and bonus every year.

Salary - Excellent

+4 more

Dislikes

Salary is decent but career growth is slow.

Quality Engineer in Manesar

Quality Assurance Department

5.0

• posted on 14 Oct 2020

3.0

for Salary and Benefits

Likes

Lumax is a brand group among automotive world technology and OEM's have faith to lumax . Culture is good & managment is supportive . Should be recommeded .

Skill development - Good

+5 more

Dislikes

There is nothing to dislike here but i can say salary structure is littile bit low among all indistries.

Assistant Engineer in Gurgaon / Gurugram

Production, Manufacturing & Engineering Department

4.0

• posted on 27 Jun 2020

3.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Skill development - Good

+4 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Production Engineer in Bangalore / Bengaluru

Research & Development Department

3.0

• posted on 13 Oct 2019

2.0

for Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology. I love the fact that I am a part of a team that markets reliable, high-quality products and has a global client base. As a result, I get to travel abroad, especially to the US and Canada. But on-site travel is completely dependent on your project and client’s location.

Dislikes

Compensation is decent, but growth is slow. The work pressure is very high. Sometimes, I have to work 14-18 hours straight in a day as I have to attend client calls in the evening and sometimes late into the night. Managers do not value an individuals’ unique strengths, which is why I have to take back my suggestions most of the times. I do receive appreciation emails from my client, but they mostly go unnoticed during my mid-year appraisals

Salary - Poor

+5 more

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Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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Lumax Industries Mould Setter Salary FAQs

What is the salary of Mould Setter at Lumax Industries ?

The average salary of a Mould Setter at Lumax Industries in India typically ranges from ₹2.4 Lakhs to ₹7.0 Lakhs per year, depending on experience (from 1 year to 24 years).

The top 10% of Mould Setter at Lumax Industries earn more than ₹7.0 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Mould Setter Salaries at Lumax Industries 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 4 Lumax Industries employees in India.

What is the estimated take home salary of a Mould Setter at Lumax Industries in India?

The estimated take-home salary of a Mould Setter at Lumax Industries in India typically ranges from ₹28,045 to ₹29,438 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from 1 year to 24 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 4 salaries received from various employees of Lumax Industries. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Mould Setter in companies similar to Lumax Industries in India?

The salary of a Mould Setter at companies similar to Lumax Industries in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Watertec India	₹3.4 Lakhs to ₹4.0 Lakhs per year
Motherson Automotive Technologies and Engineering	₹1.5 Lakhs to ₹3.5 Lakhs per year
Faurecia	₹2.2 Lakhs to ₹2.5 Lakhs per year
Varroc Group	₹1.9 Lakhs to ₹2.4 Lakhs per year
UNO Minda	₹1.6 Lakhs to ₹2.1 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 Mould Setter at Lumax Industries in India?

The salary growth for a Mould Setter at Lumax Industries depends on factors such as experience, performance, and promotions. On average, a Mould Setter can expect the following growth trajectory at Lumax Industries:

Experience	Average Salary Range
1 year	₹2.3 Lakhs to ₹2.9 Lakhs per year
3 years	₹2.2 Lakhs to ₹2.8 Lakhs per year
4 years	₹3.0 Lakhs to ₹3.9 Lakhs per year
15 years	₹6.3 Lakhs to ₹8.0 Lakhs per year

and so on.

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Lumax Industries Mould Setter Salaries

Lumax Industries Mould Setter salary in India ranges between ₹2.4 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Lumax Industries latest salaries received from various employees of Lumax Industries.