Magna International Assistant Engineer Salaries by 10+ Employees

3 - 6 years exp.

₹2 Lakhs - ₹3.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

32% less than the average Assistant Engineer Salary in Auto Components Companies for 3 - 6 years of experience

Interested in this particular role?

Salaries in different departments

Production, Manufacturing & Engineering Assistant Engineer Salary 3 - 6 years exp. (11 salaries)	₹2.7 L/yr - ₹3.5 L/yr
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Quality Assurance Assistant Engineer Salary 3 - 5 years exp. (4 salaries)	₹2 L/yr - ₹3.5 L/yr

Last Updated: 26 May 2023

Companies similar to Magna International for Assistant Engineer

Company name	Avg Annual Salary	Open Jobs
Amara Raja Group Assistant Engineer Salary 1 - 6 years exp. (390 salaries)	₹2 L/yr - ₹4.8 L/yr 28% more
DENSO Assistant Engineer Salary 2 - 6 years exp. (81 salaries)	₹1.8 L/yr - ₹6.4 L/yr 47% more
Login to view exact salary
Continental Automotive Components Assistant Engineer Salary 6 - 10 years exp. (46 salaries)	₹3.5 L/yr - ₹7.3 L/yr 99% more
Michelin Assistant Engineer Salary 6 - 16 years exp. (41 salaries)	₹4.1 L/yr - ₹6.5 L/yr 109% more
JTEKT Assistant Engineer Salary 2 - 6 years exp. (29 salaries)	₹1.7 L/yr - ₹3.6 L/yr 1% more
Valeo Assistant Engineer Salary 6 - 13 years exp. (20 salaries)	₹3 L/yr - ₹5.5 L/yr 70% more
Yazaki Assistant Engineer Salary 0 - 4 years exp. (19 salaries)	₹2.2 L/yr - ₹6.5 L/yr 31% more
Schaeffler India Assistant Engineer Salary 1 - 7 years exp. (7 salaries)	₹1.3 L/yr - ₹3.8 L/yr 23% less
Bosch Assistant Engineer Salary 1 - 3 years exp. (7 salaries)	₹2.4 L/yr - ₹4.5 L/yr 29% more
Bridgestone Assistant Engineer Salary 1 - 3 years exp. (4 salaries)	₹2.2 L/yr - ₹6.1 L/yr 55% more
Faurecia Assistant Engineer Salary 0 - 4 years exp. (4 salaries)	₹2.3 L/yr - ₹7.5 L/yr 54% more
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Continental Assistant Engineer Salary 0 - 3 years exp. (3 salaries)	₹5 L/yr - ₹6 L/yr 107% more
Sigma Freudenberg NOK Assistant Engineer Salary 5 - 8 years exp. (3 salaries)	₹2.4 L/yr - ₹3.3 L/yr At par
Lear Corporation Assistant Engineer Salary 1 - 4 years exp. (3 salaries)	₹2.2 L/yr - ₹2.7 L/yr 10% less
Dana India Assistant Engineer Salary 4 - 6 years exp. (3 salaries)	₹2.8 L/yr - ₹3.8 L/yr 15% more
Cosma International India Assistant Engineer Salary 4 - 12 years exp. (3 salaries)	₹3.1 L/yr - ₹5.5 L/yr 49% more
Autoliv Assistant Engineer Salary 4 - 5 years exp. (3 salaries)	₹2.1 L/yr - ₹3.3 L/yr 5% more

Assistant Engineer salary at Magna International ranges between ₹2 Lakhs to ₹3.8 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 18 latest salaries received from various employees of Magna International.

Latest annual salaries shared by Magna International Assistant Engineer

1y ago

₹3 Lakhs

4 years exp.

1y ago

₹3.5 Lakhs

5 years exp.

1y ago

₹3.1 Lakhs

4 years exp.

1y ago

₹3.4 Lakhs

6 years exp.

1y ago

₹2.1 Lakhs

3 years exp.

1y ago

6 years exp.

1y ago

4 years exp.

1y ago

5 years exp.

1y ago

5 years exp.

1y ago

5 years exp.

Experience wise Magna International Assistant Engineer salaries

Last Updated: 26 May 2023

Experience	Avg Annual Salary
3 years (3 salaries)	₹2 L/yr - ₹2.8 L/yr
4 years (6 salaries)	₹2 L/yr - ₹3.1 L/yr
Login to view exact salary
5 years (6 salaries)	₹1.2 L/yr - ₹3.5 L/yr
6 years (3 salaries)	₹3 L/yr - ₹3.8 L/yr

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Salary related reviews for Magna International

2.0

Rated by 1 employees for salary & benefits

Senior Engineer- Maintenance in Talegaon Dabhade

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 10 Sep 2022

1.0

for Salary and Benefits

Likes

Work- Personal life can be balanced. Fixed duty hours. Supportive superiors. On time salary. Transportation and canteen facilities are free.

Skill development - Excellent

+2 more

Dislikes

Salary packages are not as per skills and experience. Very low salary packages as a mnc and also compair to other mnc. Salary structure is not good.

Salary - Bad

+1 more

Stamping Simulation Engineer (Process Engineer) in Pune

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 30 Jan 2024

2.0

for Salary and Benefits

Likes

Learning curve was very good at magna, there is lot of opportunities to learn and improve your skill.

Skill development - Good

+3 more

Dislikes

Salary is very less competitive, I used to get less than market value I guess. Work is culture is not so good, observed partially, favorism and retaliation from the manager. Hard work is not appreciated and recognized.

Salary - Poor

+2 more

Senior Test Lead in Pune

Full Time

Engineering - Software & QA Department

1.0

• posted on 21 Nov 2021

1.0

for Salary and Benefits

Likes

Change in management is bringing visteon friends only.No internal growth. New joiner will be made fool with high joining salary and then as the years go by there will be no increament given.This management is know for twisting and moulding the rules.

Dislikes

Everything.no growth or oppurtunity.No increments.

Salary - Bad

+6 more

Design Engineer in Pune

Full Time

Research & Development Department

5.0

• posted on 18 Jun 2020

2.0

for Salary and Benefits

Likes

Till lockdown magna provided complete salary and support.

Skill development - Excellent

+3 more

Dislikes

Unfortunately I lost job in this corona crisis. They provided complete assistance to onrolll employees but not for all contract people. So all they lost there job.

Salary - Poor

Technical Lead - ISTQB Certified Automotive SW Test Specialist : SW VERIFICATION in Pune

Full Time

Engineering - Software & QA Department

5.0

• posted on 06 Sep 2023

5.0

for Salary and Benefits

Likes

1) good leadership 2) great opportunities 3) yearly bonus & increments 4) hybrid work model 5) Will get chance to work on latest ADAS projects

Salary - Excellent

+6 more

Dislikes

1) less on site opportunities 2) work life balance is difficult 3)very less trainings

see more salary related reviews

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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 International Assistant Engineer Salary FAQs

What is the salary of Assistant Engineer at Magna International ?

The average salary of a Assistant Engineer at Magna International in India typically ranges from ₹2.0 Lakhs to ₹3.8 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Assistant Engineer at Magna International earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.8 Lakhs per year. Assistant Engineer Salaries at Magna International 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 10+ Magna International employees in India.

What is the estimated take home salary of a Assistant Engineer at Magna International in India?

The estimated take-home salary of a Assistant Engineer at Magna International in India typically ranges from ₹19,386 to ₹21,058 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹3.8 Lakhs per year for employees with experience ranging from 3 years to 6 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 10+ salaries received from various employees of Magna International. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Magna International for Assistant Engineer in India?

Michelin	₹4.1 Lakhs to ₹6.5 Lakhs per year
Continental	₹5.0 Lakhs to ₹6.0 Lakhs per year
Continental Automotive Components	₹3.5 Lakhs to ₹7.3 Lakhs per year
Valeo	₹3.0 Lakhs to ₹5.5 Lakhs per year
Bridgestone	₹2.2 Lakhs to ₹6.1 Lakhs per year

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

What is the salary of a Assistant Engineer in companies similar to Magna International in India?

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

Faurecia	₹2.3 Lakhs to ₹7.5 Lakhs per year
Cosma International India	₹3.1 Lakhs to ₹5.5 Lakhs per year
DENSO	₹1.8 Lakhs to ₹6.4 Lakhs per year
Yazaki	₹2.2 Lakhs to ₹6.5 Lakhs per year
Bosch	₹2.4 Lakhs to ₹4.5 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 Assistant Engineer at Magna International in India?

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

Experience	Average Salary Range
3 years	₹2.0 Lakhs to ₹2.8 Lakhs per year
4 years	₹2.0 Lakhs to ₹3.1 Lakhs per year
5 years	₹1.2 Lakhs to ₹3.5 Lakhs per year
6 years	₹3.0 Lakhs to ₹3.8 Lakhs per year

and so on.

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Magna International Assistant Engineer Salaries

Magna International Assistant Engineer salary in India ranges between ₹2 Lakhs to ₹3.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 18 Magna International latest salaries received from various employees of Magna International.