Lumax Industries Tool Engineer Salaries by 4 Employees

1 - 5 years exp.

₹2.1 Lakhs - ₹3.3 Lakhs

Low Confidence

Salary of majority employees

68% less than the average Tool Engineer Salary in Auto Components Companies for 1 - 5 years of experience

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Last Updated: 18 Aug 2024

Companies similar to Lumax Industries for Tool Engineer

Company name	Avg Annual Salary	Open Jobs
Varroc Group Tool Engineer Salary 0 - 13 years exp. (7 salaries)	₹2.3 L/yr - ₹9.5 L/yr 99% more
Endurance Technologies Tool Engineer Salary 1 - 13 years exp. (3 salaries)	₹1.8 L/yr - ₹4.5 L/yr 11% more
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Gabriel India Tool Engineer Salary 1 - 8 years exp. (4 salaries)	₹1.8 L/yr - ₹4.6 L/yr 2% more
Amara Raja Energy & Mobility Tool Engineer Salary 6 - 9 years exp. (3 salaries)	₹3.1 L/yr - ₹7.6 L/yr 129% more
Magna International Tool Engineer Salary 7 - 14 years exp. (14 salaries)	₹4 L/yr - ₹7.1 L/yr 122% more
Pricol Tool Engineer Salary 5 - 7 years exp. (5 salaries)	₹3.6 L/yr - ₹4.2 L/yr 56% more
CIE Automotive Tool Engineer Salary 2 - 3 years exp. (4 salaries)	₹1.9 L/yr - ₹3.6 L/yr 22% more
Tata AutoComp Systems Tool Engineer Salary 5 - 13 years exp. (3 salaries)	₹4.2 L/yr - ₹5.8 L/yr 103% more
Sona Comstar Tool Engineer Salary 3 - 5 years exp. (3 salaries)	₹5 L/yr - ₹7 L/yr 143% more
Faurecia Tool Engineer Salary 2 - 3 years exp. (3 salaries)	₹2.1 L/yr - ₹3 L/yr 2% more

Tool Engineer salary at Lumax Industries ranges between ₹2.1 Lakhs to ₹3.3 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Lumax Industries.

Experience wise Lumax Industries Tool Engineer salaries

Last Updated: 18 Aug 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr
2 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.6 L/yr
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4 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.6 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr

Similar Designation salaries in Lumax Industries

Senior Engineer Salary

(222 salaries)

₹3.4 L/yr - ₹9 L/yr

Tool Room Engineer Salary

(19 salaries)

₹2.2 L/yr - ₹4.45 L/yr

Junior Engineer Salary

(71 salaries)

₹1.2 L/yr - ₹4.1 L/yr

Quality Engineer Salary

(144 salaries)

₹1.25 L/yr - ₹6 L/yr

Design Engineer Salary

(32 salaries)

₹2 L/yr - ₹7 L/yr

Tool & DIE Maker Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.7 L/yr

Assistant Engineer Salary

(386 salaries)

₹1.7 L/yr - ₹4.1 L/yr

Tool Room Trainee Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Executive Engineer Salary

(4 salaries)

₹2.2 L/yr - ₹5.2 L/yr

Mechanical Engineer Salary

(33 salaries)

₹1.5 L/yr - ₹5 L/yr

Salary related reviews for Lumax Industries

4.0

Rated by 1 employees for salary & benefits

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.

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.

Deputy Manager in Chakan Pune

Full Time

Other Department

3.0

• posted on 19 Apr 2023

4.0

for Salary and Benefits

Likes

Salary and perks on time.

Salary - Good

Dislikes

Late hour working. Old people do polytics Over work load so dont take leave. Don't leave office on time. Local transporter not work properly. Vehicle not arrange time. If you demand or take action against him. They give threat and attack on employees out side of company. Senior management not support . Labour union in company so also labour person do polytics.

Skill development - Poor

+3 more

Assistant Engineer in Ramanagara

Quality Assurance Department

4.0

• posted on 19 Dec 2020

4.0

for Salary and Benefits

Likes

Company was good, i got so many training like TPM, ISO TS, ESD, MSA,SAP etc, and i like to work with my team members all are suoported to me.

Salary - Good

+3 more

Dislikes

Compensation is decent, but growth is slow. Work pressure is very high. Salary satisfaction is not there.

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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 Tool Engineer Salary FAQs

What is the salary of Tool Engineer at Lumax Industries ?

The average salary of a Tool Engineer at Lumax Industries in India typically ranges from ₹2.1 Lakhs to ₹3.3 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Tool Engineer at Lumax Industries earn more than ₹3.3 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Tool Engineer 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 Tool Engineer at Lumax Industries in India?

The estimated take-home salary of a Tool Engineer at Lumax Industries in India typically ranges from ₹17,482 to ₹19,182 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹3.3 Lakhs per year for employees with experience ranging from 1 year to 5 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.

Which companies offer higher salaries than Lumax Industries for Tool Engineer in India?

Sona Comstar	₹5.0 Lakhs to ₹7.0 Lakhs per year
Amara Raja Energy & Mobility	₹3.1 Lakhs to ₹7.6 Lakhs per year
Magna International	₹4.0 Lakhs to ₹7.1 Lakhs per year
Tata AutoComp Systems	₹4.2 Lakhs to ₹5.8 Lakhs per year
Varroc Group	₹2.3 Lakhs to ₹9.5 Lakhs per year

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

What is the salary of a Tool Engineer in companies similar to Lumax Industries in India?

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

Pricol	₹3.6 Lakhs to ₹4.2 Lakhs per year
CIE Automotive	₹1.9 Lakhs to ₹3.6 Lakhs per year
Endurance Technologies	₹1.8 Lakhs to ₹4.5 Lakhs per year
Gabriel India	₹1.8 Lakhs to ₹4.6 Lakhs per year
Faurecia	₹2.1 Lakhs to ₹3.0 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 Tool Engineer at Lumax Industries in India?

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

Experience	Average Salary Range
1 year	₹1.9 Lakhs to ₹2.4 Lakhs per year
2 years	₹2.1 Lakhs to ₹2.6 Lakhs per year
4 years	₹2.1 Lakhs to ₹2.6 Lakhs per year
5 years	₹3.0 Lakhs to ₹3.8 Lakhs per year

and so on.

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Lumax Industries Tool Engineer Salaries

Lumax Industries Tool Engineer salary in India ranges between ₹2.1 Lakhs to ₹3.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Lumax Industries latest salaries received from various employees of Lumax Industries.