Magna International Senior Product Engineer Salaries by 4 Employees (Updated 2025)

6 - 10 years exp.

₹7 Lakhs - ₹15 Lakhs

Low Confidence

Salary of majority employees

6% more than the average Senior Product Engineer Salary in Auto Components Companies for 6 - 10 years of experience

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Last Updated: 12 Jan 2024

Companies similar to Magna International for Senior Product Engineer

Company name	Avg Annual Salary	Open Jobs
Mahindra & Mahindra Senior Product Engineer Salary 6 - 10 years exp. (4 salaries)	₹8.5 L/yr - ₹11.7 L/yr 31% less
Maruti Suzuki Senior Product Engineer Salary 13 - 15 years exp. (3 salaries)	₹16.5 L/yr - ₹20.5 L/yr 29% more
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Lear Corporation Senior Product Engineer Salary 6 - 11 years exp. (9 salaries)	₹9 L/yr - ₹10 L/yr 35% less
Faurecia Senior Product Engineer Salary 4 - 8 years exp. (9 salaries)	₹5.6 L/yr - ₹10.1 L/yr 43% less
Nexteer Automotive Senior Product Engineer Salary 6 - 9 years exp. (4 salaries)	₹8 L/yr - ₹17 L/yr 13% less
Valeo Senior Product Engineer Salary 7 - 11 years exp. (4 salaries)	₹16 L/yr - ₹18.5 L/yr 19% more

Senior Product Engineer salary at Magna International ranges between ₹7 Lakhs to ₹15 Lakhs per year for employees with experience between 6 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Magna International.

Experience wise Magna International Senior Product Engineer salaries

Last Updated: 12 Jan 2024

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹12.5 L/yr - ₹16 L/yr
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10 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr

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Salary related reviews for Magna International

Senior Software Developer in Pune

Engineering - Software & QA Department

4.0

• posted on 14 Mar 2022

3.0

for Salary and Benefits

Likes

This company provide good opportunities to employees. The compensation structure is average. The work culture in company is good. Company take care of employee.

Job security - Excellent

+3 more

Dislikes

Company is not so keen on employee's skill development.

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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Magna International Senior Product Engineer Salary FAQs

What is the salary of Senior Product Engineer at Magna International?

Senior Product Engineer salary at Magna International in India ranges between ₹7.0 Lakhs to ₹15.0 Lakhs for experience between 6 years to 10 years. According to our estimates it is 6% more than the average Senior Product Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Magna International India.

How does the salary of a Senior Product Engineer at Magna International India compare with the average salary range for this job?

The average salary of a Senior Product Engineer at Magna International is 6% more than the average salary of a Senior Product Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Magna International to a Senior Product Engineer in India?

Maruti Suzuki Senior Product Engineer Salary - ₹16.5 Lakhs to ₹20.5 Lakhs per year
Valeo Senior Product Engineer Salary - ₹16.0 Lakhs to ₹18.5 Lakhs per year

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

Nexteer Automotive Senior Product Engineer Salary - ₹8.0 Lakhs to ₹17.0 Lakhs per year
Mahindra & Mahindra Senior Product Engineer Salary - ₹8.5 Lakhs to ₹11.7 Lakhs per year
Lear Corporation Senior Product Engineer Salary - ₹9.0 Lakhs to ₹10.0 Lakhs per year
Faurecia Senior Product Engineer Salary - ₹5.6 Lakhs to ₹10.1 Lakhs per year

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

The estimated take-home salary of a Senior Product Engineer at Magna International ranges between ₹1,00,243 per month to ₹1,02,972 per month in India. The take-home salary calculation is based on the average Magna International Senior Product Engineer salary in India which ranges between ₹7.0 Lakhs to ₹15.0 Lakhs per year for employees with experience between 6 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Senior Product Engineer at Magna International?

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

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Magna International Senior Product Engineer Salaries

Magna International Senior Product Engineer salary in India ranges between ₹7 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magna International latest salaries received from various employees of Magna International.