Magna International Tool Development Engineer Salaries by Employees (Updated 2024)

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₹0.2 Lakh - ₹0.3 Lakh

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Last Updated: 11 Mar 2023

Companies similar to Magna International for Tool Development Engineer

Company name	Avg Annual Salary	Open Jobs
Tata Motors Tool Development Engineer Salary 9 - 11 years exp. (3 salaries)	₹3.1 L/yr - ₹3.9 L/yr 1220% more
Nvidia Tool Development Engineer Salary 0 - 4 years exp. (3 salaries)	₹15 L/yr - ₹20 L/yr 6372% more
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Elin Electronics Tool Development Engineer Salary 5 - 6 years exp. (3 salaries)	₹5.5 L/yr - ₹6 L/yr 2101% more
Pranav Vikas India Private Limited Tool Development Engineer Salary 9 - 11 years exp. (3 salaries)	₹4.4 L/yr - ₹4.7 L/yr 1648% more
Mechasoft Tool Development Engineer Salary 10 - 12 years exp. (3 salaries)	₹3.2 L/yr - ₹4.1 L/yr 1298% more

Tool Development Engineer salary at Magna International ranges between ₹0.2 Lakh to ₹0.3 Lakh per year for employees with 2 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Magna International.

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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.

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.

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.

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

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.

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I accepted an offer where they gave me around 120% hike on current salary, but 2 weeks later I got to know that there are paying other candidates more than me for the same role with even less experience. Can I reach out to HR for salary revision after accepting offer? I still have 3 weeks left for joining. *My interview went really well. But HR low balled just becuase of current salary

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Magna International Tool Development Engineer Salary FAQs

What is the notice period for Tool Development Engineer at Magna International?

According to AmbitionBox, 100% of the Magna International Tool Development Engineers 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 Tool Development Engineer Salaries

Magna International Tool Development Engineer salary in India ranges between ₹0.2 Lakh to ₹0.3 Lakh. This is an estimate based on latest salaries received from employees of Magna International.