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Magna International Mechanical Engg. Design salaries in India

Annual salary range
0 - 3 years exp.
₹3 Lakhs - ₹4.2 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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34% less than the average Mechanical Engg. Design Salary in Auto Components Companies for 0 - 3 years of experience

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Salaries in different departments

Research & Development
Mechanical Engg. Design Salary
0 - 3 years exp. (AmbitionBox Estimate)
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₹3 L/yr - ₹4.2 L/yr

Quality Assurance
Mechanical Engg. Design Salary
Fresher (AmbitionBox Estimate)
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₹3.4 L/yr - ₹4.1 L/yr

Last Updated: 3 Aug 2024

Companies similar to Magna International for Mechanical Engg. Design

Company name Avg Annual Salary Open Jobs
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Valeo Mechanical Engg. Design Salary

1 - 6 years exp. (65 salaries)

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₹4.3 L/yr - ₹10 L/yr

arrow icon 116% more
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Bosch Mechanical Engg. Design Salary

1 - 6 years exp. (19 salaries)

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₹3 L/yr - ₹9.5 L/yr

arrow icon 61% more
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Faurecia Mechanical Engg. Design Salary

1 - 5 years exp. (17 salaries)

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₹4 L/yr - ₹6.1 L/yr

arrow icon 39% more
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₹4.7 L/yr - ₹7.5 L/yr

arrow icon 85% more
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₹6.5 L/yr - ₹9.3 L/yr

arrow icon 159% more
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Yazaki Mechanical Engg. Design Salary

0 - 4 years exp. (7 salaries)

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₹2.8 L/yr - ₹4.1 L/yr

arrow icon 7% less
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₹3.9 L/yr - ₹8 L/yr

arrow icon 59% more
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JCBL Mechanical Engg. Design Salary

1 - 5 years exp. (5 salaries)

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₹3 L/yr - ₹4.8 L/yr

arrow icon 4% less
1 job opening
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Michelin Mechanical Engg. Design Salary

5 - 8 years exp. (5 salaries)

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₹5.3 L/yr - ₹10 L/yr

arrow icon 135% more
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DENSO Mechanical Engg. Design Salary

4 - 7 years exp. (5 salaries)

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₹3.2 L/yr - ₹11.1 L/yr

arrow icon 89% more
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₹6.3 L/yr - ₹8 L/yr

arrow icon 107% more
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JTEKT Mechanical Engg. Design Salary

2 - 6 years exp. (4 salaries)

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₹4.2 L/yr - ₹7 L/yr

arrow icon 53% more
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₹7 L/yr - ₹11.8 L/yr

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Autoliv Mechanical Engg. Design Salary

2 - 5 years exp. (4 salaries)

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₹5.1 L/yr - ₹6.6 L/yr

arrow icon 69% more
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₹3.1 L/yr - ₹6 L/yr

arrow icon 45% more
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₹5.2 L/yr - ₹6 L/yr

arrow icon 65% more
Mechanical Engg. Design salary at Magna International ranges between ₹3 Lakhs to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 5 latest salaries received from various employees of Magna International.

Latest annual salaries shared by Magna International Mechanical Engg. Design

5mo ago
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2 years exp.
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2 months exp.
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3 years exp.

Experience wise Magna International Mechanical Engg. Design salaries

Last Updated: 3 Aug 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.2 L/yr
1 year (AmbitionBox Estimate)

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₹3.3 L/yr - ₹4.2 L/yr
2 years (AmbitionBox Estimate)

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₹3 L/yr - ₹5.9 L/yr
3 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3 L/yr

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₹3.5 L/yr - ₹8.9 L/yr
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₹10 L/yr - ₹16 L/yr
PLC Engineer Salary
(10 salaries)
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₹4.2 L/yr - ₹6 L/yr
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₹4.75 L/yr - ₹7.04 L/yr
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₹3.6 L/yr - ₹12 L/yr

Salary related reviews for Magna International

5.0

Rated by 1 employees for salary & benefits

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.

read more
  • Salary - Poor

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.

read more
  • Salary - Bad
  • +6 more

FEA Department

4.0
  •  posted on 12 Feb 2018

3.0
 for  Salary and Benefits

Likes

The work culture n collogues are very good and helpful. There is lot of scope for learning and exposing yourself.

  • Skill development - Good
  • +4 more

Dislikes

Specifically for freshers, We have to compromise for salary over knowledge and experience.

read more

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.

read more
  • 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.

read more
  • Salary - Bad
  • +1 more

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.

read more
  • Salary - Poor
  • +2 more
see more salary related reviews

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Magna International Mechanical Engg. Design Salary FAQs

What is the salary of Mechanical Engg. Design at Magna International ?
The average salary of a Mechanical Engg. Design at Magna International in India typically ranges from ₹3.0 Lakhs to ₹4.2 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Mechanical Engg. Design at Magna International earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹4.2 Lakhs per year. Mechanical Engg. Design 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 5 Magna International employees in India.
What is the estimated take home salary of a Mechanical Engg. Design at Magna International in India?
The estimated take-home salary of a Mechanical Engg. Design at Magna International in India typically ranges from ₹25,241 to ₹26,676 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹4.2 Lakhs per year for employees with experience ranging from Fresher to 3 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 5 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 Mechanical Engg. Design in India?
ZF India Technology Center ₹7.0 Lakhs to ₹11.8 Lakhs per year
ZF Friedrichshafen ₹6.5 Lakhs to ₹9.3 Lakhs per year
Michelin ₹5.3 Lakhs to ₹10.0 Lakhs per year
Valeo ₹4.3 Lakhs to ₹10.0 Lakhs per year
Continental Automotive Components ₹6.3 Lakhs to ₹8.0 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 Mechanical Engg. Design in companies similar to Magna International in India?
The salary of a Mechanical Engg. Design at companies similar to Magna International in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

DENSO ₹3.2 Lakhs to ₹11.1 Lakhs per year
Lear Corporation ₹4.7 Lakhs to ₹7.5 Lakhs per year
Autoliv ₹5.1 Lakhs to ₹6.6 Lakhs per year
Amara Raja Group ₹5.2 Lakhs to ₹6.0 Lakhs per year
Bosch ₹3.0 Lakhs to ₹9.5 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 Mechanical Engg. Design at Magna International in India?
The salary growth for a Mechanical Engg. Design at Magna International depends on factors such as experience, performance, and promotions. On average, a Mechanical Engg. Design can expect the following growth trajectory at Magna International:

Experience Average Salary Range
Fresher ₹3.8 Lakhs to ₹4.2 Lakhs per year
1 year ₹3.3 Lakhs to ₹4.2 Lakhs per year
2 years ₹3.0 Lakhs to ₹5.9 Lakhs per year
3 years ₹3.0 Lakhs to ₹3.0 Lakhs per year
and so on.

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Magna International Mechanical Engg. Design salary in India ranges between ₹3 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Magna International latest salaries received from various employees of Magna International.