Magna International Pune Mechanical Engineer Salaries by 4 Employees

2 - 5 years exp.

₹2.4 Lakhs - ₹3.3 Lakhs

Avg. annual salary

Monthly In-hand Salary

25% less than the average Mechanical Engineer Salary in Auto Components Companies for 2 - 5 years of experience

Interested in this particular role? 1 job opening

Last Updated: 8 Nov 2024

Companies similar to Magna International for Mechanical Engineer in Pune

Magna International Mechanical Engineer Salary

2 - 5 years exp. (4 salaries)

₹2.4 L/yr - ₹3.3 L/yr

Company name	Avg Annual Salary	Open Jobs
Bosch Chassis Systems Mechanical Engineer Salary 0 - 6 years exp. (27 salaries)	₹1.8 L/yr - ₹4.2 L/yr 19% less
Faurecia Mechanical Engineer Salary 0 - 5 years exp. (12 salaries)	₹1.5 L/yr - ₹5.5 L/yr 3% less
Login to view exact salary
Bosch Mechanical Engineer Salary 1 - 4 years exp. (10 salaries)	₹1.8 L/yr - ₹4 L/yr At par
Lear Corporation Mechanical Engineer Salary 1 - 8 years exp. (9 salaries)	₹1.8 L/yr - ₹5.8 L/yr 12% more
Dana India Mechanical Engineer Salary 0 - 6 years exp. (7 salaries)	₹1.1 L/yr - ₹4.8 L/yr 3% more
Schaeffler India Mechanical Engineer Salary 1 - 4 years exp. (6 salaries)	₹1.7 L/yr - ₹4.2 L/yr 4% less
Bridgestone Mechanical Engineer Salary 3 - 7 years exp. (5 salaries)	₹5.5 L/yr - ₹8.7 L/yr 100% more
Nexteer Automotive Mechanical Engineer Salary 2 - 3 years exp. (4 salaries)	₹1.8 L/yr - ₹3.2 L/yr 13% less
Yazaki Mechanical Engineer Salary 1 - 6 years exp. (4 salaries)	₹2.5 L/yr - ₹3.5 L/yr 8% less
Tata Cummins Mechanical Engineer Salary 1 - 3 years exp. (3 salaries)	₹2.4 L/yr - ₹3 L/yr 11% less

Mechanical Engineer salary at Magna International ranges between ₹2.4 Lakhs to ₹3.3 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Magna International.

Experience wise Magna International Mechanical Engineer salaries in Pune

Last Updated: 8 Nov 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
3 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.4 L/yr
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4 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr

Similar Designation salaries in Magna International

Senior Engineer Salary

(63 salaries)

₹5.27 L/yr - ₹17.97 L/yr

Junior Engineer Salary

(54 salaries)

₹2.05 L/yr - ₹4.5 L/yr

Maintenance Engineer Salary

(15 salaries)

₹1.8 L/yr - ₹7 L/yr

Electrical Engineer Salary

(12 salaries)

₹5.96 L/yr - ₹15.45 L/yr

Shift Engineer Salary

(4 salaries)

₹6.7 L/yr - ₹6.9 L/yr

Assistant Engineer Salary

(3 salaries)

₹2.28 L/yr - ₹3.5 L/yr

Top skills at Magna International for Mechanical Engineer

Mechanical Engineering bms Teamcenter EMC Windchill NX Design PTC CATIA

Salary related reviews for Magna International

5.0

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

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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 Mechanical Engineer Salary FAQs

What is the salary of Mechanical Engineer at Magna International in Pune?

The average salary of a Mechanical Engineer at Magna International in Pune typically ranges from ₹2.4 Lakhs to ₹3.3 Lakhs per year, depending on experience (from 2 years to 5 years).

The top 10% of Mechanical Engineer in Pune at Magna International earn more than ₹3.3 Lakhs per year, and the top 1% earn over ₹3.3 Lakhs per year. Mechanical 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 4 Magna International employees in India.

What is the estimated take home salary of a Mechanical Engineer at Magna International in Pune?

The estimated take-home salary of a Mechanical Engineer at Magna International in Pune typically ranges from ₹23,488 to ₹24,949 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹3.3 Lakhs per year for employees with experience ranging from 2 years to 5 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 4 salaries received from various employees of Magna International. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Mechanical Engineer at Magna International in Pune?

To be a Mechanical Engineer at Magna International in Pune, the key skills required include:

- Mechanical Engineering
- bms
- Teamcenter
- EMC
- Windchill

These skills are highly valued at Magna International and are crucial for successful performance in a Software Engineering role.

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

Bridgestone	₹5.5 Lakhs to ₹8.7 Lakhs per year
Lear Corporation	₹1.8 Lakhs to ₹5.8 Lakhs per year
Dana India	₹1.1 Lakhs to ₹4.8 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 Engineer in companies similar to Magna International in Pune?

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

Bosch	₹1.8 Lakhs to ₹4.0 Lakhs per year
Faurecia	₹1.5 Lakhs to ₹5.5 Lakhs per year
Schaeffler India	₹1.7 Lakhs to ₹4.2 Lakhs per year
Yazaki	₹2.5 Lakhs to ₹3.5 Lakhs per year
Tata Cummins	₹2.4 Lakhs to ₹3.0 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 Engineer at Magna International in Pune?

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

Experience	Average Salary Range
2 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
3 years	₹2.6 Lakhs to ₹3.4 Lakhs per year
4 years	₹2.8 Lakhs to ₹3.5 Lakhs per year
5 years	₹2.9 Lakhs to ₹3.7 Lakhs per year

and so on.

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Magna International Mechanical Engineer Salaries in Pune

Magna International Mechanical Engineer salary in Pune ranges between ₹2.4 Lakhs to ₹3.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magna International latest salaries received from various employees of Magna International.