Magna Electro Castings Manager new Product Development Salaries by 2 Employees

23 - 24 years exp.

₹11.7 Lakhs - ₹15 Lakhs

Low Confidence

Avg. annual salary (AmbitionBox Estimate)

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Salaries in different departments

Production, Manufacturing & Engineering Manager new Product Development Salary 24 years exp. (AmbitionBox Estimate)	₹12.6 L/yr - ₹15.4 L/yr
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Project & Program Management Manager new Product Development Salary 23 years exp. (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.2 L/yr

Last Updated: 12 Nov 2023

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Manager new Product Development salary at Magna Electro Castings ranges between ₹11.7 Lakhs to ₹15 Lakhs per year for employees with experience between 23 years to 24 years. Salary estimates are based on 2 latest salaries received from various employees of Magna Electro Castings.

Similar Designation salaries in Magna Electro Castings

Process Engineer Salary

(7 salaries)

₹2.64 L/yr - ₹3.2 L/yr

Design Engineer Salary

(7 salaries)

₹3.15 L/yr - ₹4 L/yr

Product Development Engineer Salary

(6 salaries)

₹1.8 L/yr - ₹4.86 L/yr

new Product Development Engineer Salary

(6 salaries)

₹2.1 L/yr - ₹4 L/yr

NPD Engineer Salary

(3 salaries)

₹1.8 L/yr - ₹3.2 L/yr

Post Graduate Engineer Trainee Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Design & Verification Engineer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Process Control Engineer Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Cadd Engineer Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Top skills at Magna Electro Castings for Manager new Product Development

Project Management Product Development Manufacturing Process RFQ Foundry New Product Development Process Engineering PPAP Product Design Apqp methoding

Salary related reviews for Magna Electro Castings

3.0

Rated by 1 employees for salary & benefits

Senior Engineer in Coimbatore

Quality Assurance Department

4.0

• posted on 11 Nov 2021

4.0

for Salary and Benefits

Likes

Will get salary on time of every month. Covid precautions found satisfactory. Self learning opportunities more.

Salary - Good

+1 more

Dislikes

Very less promosions for long working people. Should identify skills required for the people and should promoted.

Promotions - Poor

Assistant Manager Foundry Production in Coimbatore

Production, Manufacturing & Engineering Department

4.0

• posted on 13 Mar 2021

4.0

for Salary and Benefits

Likes

Good work environment, company policies are good, appraisal are fare, they give good salary and bonus every year

Salary - Good

+3 more

Dislikes

There is a lot pressure in work, always atten meeting in our working hours can't work in on the job issues, every day work more than 10 hours

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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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Magna Electro Castings Manager new Product Development Salary FAQs

How the salary growth look like for a Manager new Product Development at Magna Electro Castings in India?

The salary growth for a Manager new Product Development at Magna Electro Castings depends on factors such as experience, performance, and promotions. On average, a Manager new Product Development can expect the following growth trajectory at Magna Electro Castings:

Experience	Average Salary Range
15 years	₹11.7 Lakhs to ₹15.0 Lakhs per year

and so on.

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Magna Electro Castings Manager new Product Development Salaries

Magna Electro Castings Manager new Product Development salary in India ranges between ₹11.7 Lakhs to ₹15 Lakhs. This is an estimate based on latest salaries received from employees of Magna Electro Castings.