Magna Electro Castings Product Development Engineer Salaries by 5 Employees (Updated 2025)

3 - 21 years exp.

₹1.8 Lakh - ₹3.2 Lakhs

Low Confidence

Salary of majority employees

71% less than the average Product Development Engineer Salary in Iron & Steel Companies for 3 - 21 years of experience

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Salaries in different departments

Research & Development Product Development Engineer Salary 10 - 21 years exp. (3 salaries)	₹1.6 L/yr - ₹2 L/yr
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Production, Manufacturing & Engineering Product Development Engineer Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.5 L/yr

Last Updated: 23 May 2024

Companies similar to Magna Electro Castings for Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Hindalco Industries Product Development Engineer Salary 5 - 6 years exp. (4 salaries)	₹2.8 L/yr - ₹6.8 L/yr 108% more
Siemens Product Development Engineer Salary 0 - 12 years exp. (6 salaries)	₹6 L/yr - ₹13 L/yr 280% more
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Ptc Industries Product Development Engineer Salary 1 - 2 years exp. (3 salaries)	₹1.9 L/yr - ₹2.2 L/yr 11% less
Phenom Product Development Engineer Salary 0 - 5 years exp. (216 salaries)	₹5.5 L/yr - ₹21 L/yr 417% more	9 job openings
Comviva Technology Product Development Engineer Salary 0 - 2 years exp. (176 salaries)	₹5.1 L/yr - ₹9.5 L/yr 191% more

Product Development Engineer salary at Magna Electro Castings ranges between ₹1.8 Lakh to ₹3.2 Lakhs per year for employees with experience between 3 years to 21 years. Salary estimates are based on 5 latest salaries received from various employees of Magna Electro Castings.

Experience wise Magna Electro Castings Product Development Engineer salaries

Last Updated: 23 May 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.2 L/yr
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5 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
6 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
7 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.1 L/yr
8 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
9 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
10 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.5 L/yr
11 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
12 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
13 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
14 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr
15+ years (AmbitionBox Estimate)	₹1.8 L/yr - ₹3.4 L/yr

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Similar Designation salaries in Magna Electro Castings

New Product Development Engineer Salary

(6 salaries)

₹2.1 L/yr - ₹4 L/yr

Development Engineer Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Production Engineer Salary

(11 salaries)

₹1.6 L/yr - ₹3.6 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Production Manager Salary

(5 salaries)

₹6 L/yr - ₹11 L/yr

Design Engineer Salary

(7 salaries)

₹3.15 L/yr - ₹4 L/yr

Software Engineer Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Senior Engineer Salary

(18 salaries)

₹3.1 L/yr - ₹7.8 L/yr

Production Supervisor Salary

(AmbitionBox Estimate)

₹1 L/yr - ₹1.3 L/yr

Salary related reviews for Magna Electro Castings

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

2w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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Magna Electro Castings Product Development Engineer Salary FAQs

What is the salary of Product Development Engineer at Magna Electro Castings?

Product Development Engineer salary at Magna Electro Castings in India ranges between ₹1.8 Lakhs to ₹3.2 Lakhs for experience between 3 years to 21 years. According to our estimates it is 71% less than the average Product Development Engineer Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Magna Electro Castings India.

How does the salary of a Product Development Engineer at Magna Electro Castings India compare with the average salary range for this job?

The average salary of a Product Development Engineer at Magna Electro Castings is 71% less than the average salary of a Product Development Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Magna Electro Castings to a Product Development Engineer in India?

Phenom Product Development Engineer Salary - ₹5.5 Lakhs to ₹21.0 Lakhs per year
Siemens Product Development Engineer Salary - ₹6.0 Lakhs to ₹13.0 Lakhs per year
Comviva Technology Product Development Engineer Salary - ₹5.1 Lakhs to ₹9.5 Lakhs per year
Hindalco Industries Product Development Engineer Salary - ₹2.8 Lakhs to ₹6.8 Lakhs per year

What is the salary of a Product Development Engineer in companies similar to Magna Electro Castings in India?

Ptc Industries Product Development Engineer Salary - ₹1.9 Lakhs to ₹2.2 Lakhs per year

What is the estimated take home salary of a Product Development Engineer at Magna Electro Castings in India?

The estimated take-home salary of a Product Development Engineer at Magna Electro Castings ranges between ₹16,318 per month to ₹18,000 per month in India. The take-home salary calculation is based on the average Magna Electro Castings Product Development Engineer salary in India which ranges between ₹1.8 Lakhs to ₹3.2 Lakhs per year for employees with experience between 3 years to 21 years. Check how did we calculate take home salary?

What is the notice period for Product Development Engineer at Magna Electro Castings?

According to AmbitionBox, 67% of the Magna Electro Castings Product Development Engineers reported a notice period of 1 Month, 33% reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

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Magna Electro Castings Product Development Engineer Salaries

Magna Electro Castings Product Development Engineer salary in India ranges between ₹1.8 Lakh to ₹3.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Magna Electro Castings latest salaries received from various employees of Magna Electro Castings.