Magna International Chennai Team Lead Salaries by 10+ Employees (Updated 2024)

3 - 13 years exp.

₹2.2 Lakhs - ₹6.2 Lakhs

Salary of majority employees

36% less than the average Team Lead Salary in Auto Components Companies for 3 - 13 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Team Lead Salary 3 - 13 years exp. (11 salaries)	₹2.2 L/yr - ₹6.2 L/yr
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Research & Development Team Lead Salary 10 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹7.5 L/yr

Last Updated: 25 Oct 2024

Companies similar to Magna International for Team Lead in Chennai

Magna International Team Lead Salary

3 - 13 years exp. (15 salaries)

₹2.2 L/yr - ₹6.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata Motors Team Lead Salary 2 - 8 years exp. (9 salaries)	₹1.5 L/yr - ₹4.7 L/yr 30% less
Mahindra & Mahindra Team Lead Salary 2 - 14 years exp. (290 salaries)	₹1.9 L/yr - ₹9.3 L/yr 15% less
Login to view exact salary
Ashok Leyland Team Lead Salary 4 - 10 years exp. (9 salaries)	₹2 L/yr - ₹5.1 L/yr 44% less
TVS Motor Team Lead Salary 1 - 7 years exp. (9 salaries)	₹1.5 L/yr - ₹6 L/yr 34% less
Faurecia Team Lead Salary 3 - 12 years exp. (37 salaries)	₹1.8 L/yr - ₹7.2 L/yr 14% less
Aptiv Team Lead Salary 2 - 10 years exp. (21 salaries)	₹1.6 L/yr - ₹5.8 L/yr 52% less
Yazaki Team Lead Salary 2 - 5 years exp. (12 salaries)	₹2 L/yr - ₹3.5 L/yr 53% less
Michelin Team Lead Salary 6 - 9 years exp. (7 salaries)	₹14.7 L/yr - ₹16.4 L/yr 173% more
Bosch Team Lead Salary 2 - 9 years exp. (7 salaries)	₹1.7 L/yr - ₹12 L/yr 69% more
Nexteer Automotive Team Lead Salary 3 - 6 years exp. (5 salaries)	₹1.8 L/yr - ₹4 L/yr 46% less
ZF Steering Gear Team Lead Salary 10 - 14 years exp. (4 salaries)	₹15.5 L/yr - ₹22 L/yr 244% more
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Team Lead salary at Magna International ranges between ₹2.2 Lakhs to ₹6.2 Lakhs per year for employees with experience between 3 years to 13 years. Salary estimates are based on 15 latest salaries received from various employees of Magna International.

Experience wise Magna International Team Lead salaries in Chennai

Last Updated: 25 Oct 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹8 L/yr
4 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹8.5 L/yr
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5 years (AmbitionBox Estimate)	₹5 L/yr - ₹9.1 L/yr
6 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹9.7 L/yr
7 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹5.8 L/yr
8 years (3 salaries)	₹4.1 L/yr - ₹10.8 L/yr
9 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹11.3 L/yr
10 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹11.9 L/yr
11 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹12.5 L/yr
12 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
13 years (AmbitionBox Estimate)	₹6 L/yr - ₹13.6 L/yr

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Similar Designation salaries in Magna International

Supervisor Salary

(4 salaries)

₹2.84 L/yr - ₹3 L/yr

Deputy Manager Salary

(4 salaries)

₹10.4 L/yr - ₹15.4 L/yr

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.

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.

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.

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

Dislikes

1) less on site opportunities 2) work life balance is difficult 3)very less trainings

see more salary related reviews

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Salary Discussions, Hike & Promotions

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 Team Lead Salary FAQs

What is the salary of Team Lead at Magna International Chennai?

Team Lead salary at Magna International in Chennai ranges between ₹2.2 Lakhs to ₹6.2 Lakhs for experience between 3 years to 13 years. According to our estimates it is 36% less than the average Team Lead Salary in India. Salary estimates are based on 15 latest salaries received from various employees of Magna International Chennai.

How does the salary of a Team Lead at Magna International Chennai compare with the average salary range for this job?

The average salary of a Team Lead at Magna International is 36% less than the average salary of a Team Lead in Chennai. To know exact salary insights, login to view.

Which similar companies are paying more than Magna International to a Team Lead in Chennai?

ZF Steering Gear Team Lead Salary - ₹15.5 Lakhs to ₹22.0 Lakhs per year
Michelin Team Lead Salary - ₹14.7 Lakhs to ₹16.4 Lakhs per year
Bosch Team Lead Salary - ₹1.7 Lakhs to ₹12.0 Lakhs per year

What is the salary of a Team Lead in companies similar to Magna International in Chennai?

Faurecia Team Lead Salary - ₹1.8 Lakhs to ₹7.2 Lakhs per year
Mahindra & Mahindra Team Lead Salary - ₹1.9 Lakhs to ₹9.3 Lakhs per year
Tata Motors Team Lead Salary - ₹1.5 Lakhs to ₹4.7 Lakhs per year
TVS Motor Team Lead Salary - ₹1.5 Lakhs to ₹6.0 Lakhs per year
Ashok Leyland Team Lead Salary - ₹2.0 Lakhs to ₹5.1 Lakhs per year

What is the estimated take home salary of a Team Lead at Magna International in Chennai?

The estimated take-home salary of a Team Lead at Magna International ranges between ₹42,986 per month to ₹44,106 per month in Chennai. The take-home salary calculation is based on the average Magna International Team Lead salary in India which ranges between ₹2.2 Lakhs to ₹6.2 Lakhs per year for employees with experience between 3 years to 13 years. Check how did we calculate take home salary?

What is the notice period for Team Lead at Magna International in Chennai?

According to AmbitionBox, 67% of the Magna International Team Leads in Chennai reported a notice period of 3 Months, 16% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

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Magna International Team Lead Salaries in Chennai

Magna International Team Lead salary in Chennai ranges between ₹2.2 Lakhs to ₹6.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 Magna International latest salaries received from various employees of Magna International.