Magna International Coimbatore new Product Development Engineer Salaries by Employees (Updated 2025)

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₹3.6 Lakhs - ₹4.6 Lakhs

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Last Updated: 24 Feb 2024

Companies similar to Magna International for new Product Development Engineer in Coimbatore

Magna International new Product Development Engineer Salary

8 years exp. (AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Company name	Avg Annual Salary	Open Jobs
L.G.Balakrishnan & Bros new Product Development Engineer Salary 0 - 8 years exp. (32 salaries)	₹1.7 L/yr - ₹4.7 L/yr 21% less
Pricol new Product Development Engineer Salary 1 - 9 years exp. (11 salaries)	₹1.6 L/yr - ₹7 L/yr 21% more
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G Plast new Product Development Engineer Salary 4 - 9 years exp. (10 salaries)	₹2.3 L/yr - ₹5 L/yr 8% more
Salzer Electronics new Product Development Engineer Salary 1 - 9 years exp. (8 salaries)	₹1.6 L/yr - ₹3.4 L/yr 34% less
Rabwin Industries new Product Development Engineer Salary 0 - 6 years exp. (7 salaries)	₹2.3 L/yr - ₹3 L/yr 35% less

new Product Development Engineer salary at Magna International ranges between ₹3.6 Lakhs to ₹4.6 Lakhs per year for employees with 8 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Magna International.

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.

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

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.

Salary - Bad

+6 more

Quality Engineer in Talegaon Dabhade

Production, Manufacturing & Engineering Department

3.0

• posted on 02 Nov 2022

3.0

for Salary and Benefits

Likes

I like because its first opportunity to learn something its was my hope

Dislikes

My dislike reason is: First salary problem my job on 2 year contact base so no pay on date miss Overtime pay our contact hr alway stay to us all bsa employees first shift every wednesday of all week for formality 3to5 no bus required Second is not good behaviour of parmanent staff Our bsa hr and company staff say to some bsa employees including me you all come sunday for extra skill of learning about robot But we all sunday clean robot

Skill development - Bad

+4 more

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

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an associate vice president

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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 International new Product Development Engineer Salary FAQs

What is the notice period for new Product Development Engineer at Magna International in Coimbatore?

According to AmbitionBox, 100% of the Magna International new Product Development Engineers in Coimbatore reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Magna International new Product Development Engineer Salaries in Coimbatore

Magna International new Product Development Engineer salary in Coimbatore ranges between ₹3.6 Lakhs to ₹4.6 Lakhs. This is an estimate based on latest salaries received from employees of Magna International.