Magna International Tool Engineer Salaries by 10+ Employees (Updated 2024)

7 - 14 years exp.

₹4 Lakhs - ₹7.1 Lakhs

Salary of majority employees

31% less than the average Tool Engineer Salary in Auto Components Companies for 7 - 14 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Tool Engineer Salary 7 - 12 years exp. (9 salaries)	₹4 L/yr - ₹6 L/yr
Construction & Site Engineering Tool Engineer Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹6.7 L/yr
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Research & Development Tool Engineer Salary 13 - 14 years exp. (AmbitionBox Estimate)	₹4.4 L/yr - ₹7.1 L/yr

Last Updated: 21 Oct 2024

Companies similar to Magna International for Tool Engineer

Company name	Avg Annual Salary	Open Jobs
Mahindra & Mahindra Tool Engineer Salary 0 - 1 year exp. (4 salaries)	₹2 L/yr - ₹5 L/yr 35% less
Ashok Leyland Tool Engineer Salary 0 - 1 year exp. (3 salaries)	₹1.7 L/yr - ₹2.1 L/yr 65% less
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Hero MotoCorp Tool Engineer Salary 0 - 1 year exp. (3 salaries)	₹1.5 L/yr - ₹3.6 L/yr 48% less
Bajaj Auto Tool Engineer Salary 0 - 4 years exp. (4 salaries)	₹3.9 L/yr - ₹9.5 L/yr 2% more
Gestamp Tool Engineer Salary 2 - 5 years exp. (4 salaries)	₹2.2 L/yr - ₹4.4 L/yr 40% less
Faurecia Tool Engineer Salary 2 - 3 years exp. (3 salaries)	₹2.1 L/yr - ₹3 L/yr 53% less	1 job opening

Tool Engineer salary at Magna International ranges between ₹4 Lakhs to ₹7.1 Lakhs per year for employees with experience between 7 years to 14 years. Salary estimates are based on 13 latest salaries received from various employees of Magna International.

Experience wise Magna International Tool Engineer salaries

Last Updated: 21 Oct 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹9 L/yr
8 years (4 salaries)	₹4 L/yr - ₹6.7 L/yr
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9 years (3 salaries)	₹4.5 L/yr - ₹6.7 L/yr
10 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr
11 years (AmbitionBox Estimate)	₹5 L/yr - ₹10.1 L/yr
12 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹10.4 L/yr
13 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹7.1 L/yr
14 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹7.1 L/yr

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Similar Designation salaries in Magna International

Senior Engineer Salary

(88 salaries)

₹4.2 L/yr - ₹14.1 L/yr

Tool Room Engineer Salary

(19 salaries)

₹4.05 L/yr - ₹6.54 L/yr

Junior Engineer Salary

(75 salaries)

₹2 L/yr - ₹4.1 L/yr

Quality Engineer Salary

(54 salaries)

₹1.15 L/yr - ₹4.8 L/yr

Design Engineer Salary

(103 salaries)

₹2.62 L/yr - ₹12 L/yr

Tool Maker Salary

(10 salaries)

₹2.4 L/yr - ₹4.2 L/yr

Tool & DIE Maker Salary

(14 salaries)

₹1 L/yr - ₹5 L/yr

Assistant Engineer Salary

(17 salaries)

₹2 L/yr - ₹3.8 L/yr

Tool Room Trainee Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Executive Engineer Salary

(AmbitionBox Estimate)

₹2.4 L/yr - ₹3.1 L/yr

Salary related reviews for Magna International

1.0

Rated by 2 employees for salary & benefits

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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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 Tool Engineer Salary FAQs

What is the salary of Tool Engineer at Magna International?

Tool Engineer salary at Magna International in India ranges between ₹4.0 Lakhs to ₹7.1 Lakhs for experience between 7 years to 14 years. According to our estimates it is 31% less than the average Tool Engineer Salary in India. Salary estimates are based on 13 latest salaries received from various employees of Magna International India.

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

The average salary of a Tool Engineer at Magna International is 31% less than the average salary of a Tool Engineer in India. To know exact salary insights, login to view.

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

Bajaj Auto Tool Engineer Salary - ₹3.9 Lakhs to ₹9.5 Lakhs per year

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

Mahindra & Mahindra Tool Engineer Salary - ₹2.0 Lakhs to ₹5.0 Lakhs per year
Gestamp Tool Engineer Salary - ₹2.2 Lakhs to ₹4.4 Lakhs per year
Hero MotoCorp Tool Engineer Salary - ₹1.5 Lakhs to ₹3.6 Lakhs per year
Faurecia Tool Engineer Salary - ₹2.1 Lakhs to ₹3.0 Lakhs per year
Ashok Leyland Tool Engineer Salary - ₹1.7 Lakhs to ₹2.1 Lakhs per year

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

The estimated take-home salary of a Tool Engineer at Magna International ranges between ₹40,580 per month to ₹41,736 per month in India. The take-home salary calculation is based on the average Magna International Tool Engineer salary in India which ranges between ₹4.0 Lakhs to ₹7.1 Lakhs per year for employees with experience between 7 years to 14 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 75% of the Magna International Tool Engineers reported a notice period of 3 Months, 13% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 8 responses on AmbitionBox in last 2 years.

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Magna International Tool Engineer Salaries

Magna International Tool Engineer salary in India ranges between ₹4 Lakhs to ₹7.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 Magna International latest salaries received from various employees of Magna International.