Magna International Hardware Engineer Salaries by Employees (Updated 2024)

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₹6.3 Lakhs - ₹8 Lakhs

Low Confidence

Salary of majority employees

Interested in this particular role? 1 job opening

Last Updated: 28 Jun 2023

Companies similar to Magna International for Hardware Engineer

Company name	Avg Annual Salary	Open Jobs
Bharat Forge Hardware Engineer Salary 0 - 22 years exp. (4 salaries)	₹1.8 L/yr - ₹4.5 L/yr 50% less
Tata Motors Hardware Engineer Salary 4 - 6 years exp. (4 salaries)	₹5 L/yr - ₹14.6 L/yr 31% more
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Hero MotoCorp Hardware Engineer Salary 2 - 5 years exp. (3 salaries)	₹1.1 L/yr - ₹3.3 L/yr 75% less
Maruti Suzuki Hardware Engineer Salary 0 - 4 years exp. (3 salaries)	₹1.1 L/yr - ₹2.1 L/yr 75% less
Bosch Hardware Engineer Salary 0 - 4 years exp. (21 salaries)	₹3.8 L/yr - ₹10 L/yr 14% less
Continental Automotive Components Hardware Engineer Salary 1 - 8 years exp. (10 salaries)	₹6 L/yr - ₹20 L/yr 59% more
Knorr-Bremse Hardware Engineer Salary 0 - 4 years exp. (9 salaries)	₹5.5 L/yr - ₹8.5 L/yr 4% less
Continental Hardware Engineer Salary 0 - 5 years exp. (4 salaries)	₹3.6 L/yr - ₹10 L/yr 7% less
Aptiv Hardware Engineer Salary 0 - 3 years exp. (4 salaries)	₹3.2 L/yr - ₹10 L/yr 13% less	1 job opening
DENSO Hardware Engineer Salary 1 - 3 years exp. (3 salaries)	₹5 L/yr - ₹10 L/yr 6% more

Hardware Engineer salary at Magna International ranges between ₹6.3 Lakhs to ₹8 Lakhs per year for employees with 1 year of experience. Salary estimates are based on 1 latest salaries received from various employees of Magna International.

Similar Designation salaries in Magna International

Senior Engineer Salary

(88 salaries)

₹4.2 L/yr - ₹14.1 L/yr

Lead Engineer Salary

(75 salaries)

₹7.8 L/yr - ₹23 L/yr

Process Engineer Salary

(5 salaries)

₹2.4 L/yr - ₹7 L/yr

Project Engineer Salary

(3 salaries)

₹4 L/yr - ₹4.7 L/yr

Junior Engineer Salary

(75 salaries)

₹2 L/yr - ₹4.1 L/yr

Assistant Engineer Salary

(17 salaries)

₹2 L/yr - ₹3.8 L/yr

Structural Engineer Salary

(5 salaries)

₹6.1 L/yr - ₹9.5 L/yr

Design Engineer Salary

(103 salaries)

₹2.62 L/yr - ₹12 L/yr

Electrical Engineer Salary

(11 salaries)

₹2 L/yr - ₹9.66 L/yr

Mechanical Engineer Salary

(9 salaries)

₹1.5 L/yr - ₹5.75 L/yr

Top skills at Magna International for Hardware Engineer

Automotive Engineering Quality Check Powertrain Chemical Engineering ModelSim CLLE MATLAB Power Electronics Ansys Legal Advisory Bootstrap Fmea Process Simulation Image Management Geometry

Salary related reviews for Magna International

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.

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.

Design Engineer in Om Chambers, Bhosari, Pune

Research & Development Department

1.0

• posted on 18 May 2022

1.0

for Salary and Benefits

Likes

Nothing. Just you get your salary on time.

Dislikes

No job security. No standards they follow. Zero authority they have on their work. it is same as working in a service industry. Huge team politics issue, one person controls everyone. If you are among his favourite people you get everything otherwise no matter how much you work you will get nothing. Most of people in Magna work on saturday also even though it is weekly off. Managers force you to work on weekends. If you want training then you have to invest your personal time that is on saturdays. Means you are wasting your personal time for company 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.

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.

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.

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.

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.

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Magna International Hardware Engineer Salary FAQs

What is the notice period for Hardware Engineer at Magna International?

According to AmbitionBox, 100% of the Magna International Hardware Engineers reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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Magna International Hardware Engineer Salaries

Magna International Hardware Engineer salary in India ranges between ₹6.3 Lakhs to ₹8 Lakhs. This is an estimate based on latest salaries received from employees of Magna International.