Magna Electro Castings Coimbatore Product Development Engineer Salaries by 6 Employees (Updated 2025)

2 - 10 years exp.

₹1.8 Lakh - ₹4.9 Lakhs

Salary of majority employees

28% less than the average Product Development Engineer Salary in Iron & Steel Companies for 2 - 10 years of experience

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Salaries in different departments

Research & Development Product Development Engineer Salary 2 - 10 years exp. (4 salaries)	₹1.8 L/yr - ₹4.9 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: 1 Mar 2025

Companies similar to Magna Electro Castings for Product Development Engineer in Coimbatore

Magna Electro Castings Product Development Engineer Salary

2 - 10 years exp. (6 salaries)

₹1.8 L/yr - ₹4.9 L/yr

Company name	Avg Annual Salary	Open Jobs
Pricol Product Development Engineer Salary 3 - 7 years exp. (9 salaries)	₹2.5 L/yr - ₹6.8 L/yr 27% more
Datinfi Product Development Engineer Salary 2 - 9 years exp. (8 salaries)	₹3 L/yr - ₹11.3 L/yr 104% more
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Roots Multiclean Product Development Engineer Salary 3 - 10 years exp. (7 salaries)	₹3.6 L/yr - ₹7.7 L/yr 60% more
Lakshmi Machine Works Product Development Engineer Salary 2 - 7 years exp. (6 salaries)	₹4.5 L/yr - ₹6.5 L/yr 70% more
L.G.Balakrishnan & Bros Product Development Engineer Salary 3 - 5 years exp. (6 salaries)	₹2.5 L/yr - ₹5.6 L/yr 3% less

Product Development Engineer salary at Magna Electro Castings ranges between ₹1.8 Lakh to ₹4.9 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 6 latest salaries received from various employees of Magna Electro Castings.

Experience wise Magna Electro Castings Product Development Engineer salaries in Coimbatore

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr
3 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
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4 years (3 salaries)	₹3.2 L/yr - ₹4.9 L/yr
10 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr

Similar Designation salaries in Magna Electro Castings

Senior Engineer Salary

(16 salaries)

₹3.1 L/yr - ₹7.8 L/yr

Production Engineer Salary

(9 salaries)

₹2 L/yr - ₹3.6 L/yr

New Product Development Engineer Salary

(6 salaries)

₹2.1 L/yr - ₹4 L/yr

Design Engineer Salary

(5 salaries)

₹3.5 L/yr - ₹4 L/yr

Production Manager Salary

(3 salaries)

₹6 L/yr - ₹8.5 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)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Magna Electro Castings Product Development Engineer Salary FAQs

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

Product Development Engineer salary at Magna Electro Castings in Coimbatore ranges between ₹1.8 Lakhs to ₹4.9 Lakhs for experience between 2 years to 10 years. According to our estimates it is 28% less than the average Product Development Engineer Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Magna Electro Castings Coimbatore.

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

The average salary of a Product Development Engineer at Magna Electro Castings is 28% less than the average salary of a Product Development Engineer in Coimbatore. To know exact salary insights, login to view.

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

Datinfi Product Development Engineer Salary - ₹3.0 Lakhs to ₹11.3 Lakhs per year
Lakshmi Machine Works Product Development Engineer Salary - ₹4.5 Lakhs to ₹6.5 Lakhs per year
Roots Multiclean Product Development Engineer Salary - ₹3.6 Lakhs to ₹7.7 Lakhs per year
Pricol Product Development Engineer Salary - ₹2.5 Lakhs to ₹6.8 Lakhs per year

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

L.G.Balakrishnan & Bros Product Development Engineer Salary - ₹2.5 Lakhs to ₹5.6 Lakhs per year

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

The estimated take-home salary of a Product Development Engineer at Magna Electro Castings ranges between ₹23,319 per month to ₹24,783 per month in Coimbatore. 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 ₹4.9 Lakhs per year for employees with experience between 2 years to 10 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 50% of the Magna Electro Castings Product Development Engineers in Coimbatore reported a notice period of 1 Month, 25% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 4 responses on AmbitionBox in last 2 years.

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Magna Electro Castings Product Development Engineer Salaries in Coimbatore

Magna Electro Castings Product Development Engineer salary in Coimbatore ranges between ₹1.8 Lakh to ₹4.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Magna Electro Castings latest salaries received from various employees of Magna Electro Castings.

Magna Electro Castings Product Development Engineer salaries in Coimbatore (Updated 2025)