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Magna International Tool Maker salaries in India

Annual salary range
3 - 7 years exp.
₹2.4 Lakhs - ₹4.2 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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27% less than the average Tool Maker Salary in Auto Components Companies for 3 - 7 years of experience

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Last Updated: 16 Aug 2023

Companies similar to Magna International for Tool Maker

Company name Avg Annual Salary Open Jobs
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Tata Motors Tool Maker Salary

2 - 13 years exp. (10 salaries)

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₹1.8 L/yr - ₹4 L/yr

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Mahindra & Mahindra Tool Maker Salary

2 - 6 years exp. (6 salaries)

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₹1.1 L/yr - ₹3.5 L/yr

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Ashok Leyland Tool Maker Salary

6 - 9 years exp. (4 salaries)

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₹4.1 L/yr - ₹5.2 L/yr

arrow icon 38% more
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TVS Motor Tool Maker Salary

2 - 3 years exp. (7 salaries)

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₹1 L/yr - ₹4.2 L/yr

arrow icon 44% less
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Force Motors Tool Maker Salary

1 - 6 years exp. (3 salaries)

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₹1.2 L/yr - ₹1.8 L/yr

arrow icon 59% less
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Yazaki Tool Maker Salary

1 - 5 years exp. (3 salaries)

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₹2.3 L/yr - ₹5 L/yr

arrow icon 2% less
Tool Maker salary at Magna International ranges between ₹2.4 Lakhs to ₹4.2 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 9 latest salaries received from various employees of Magna International.

Latest annual salaries shared by Magna International Tool Maker

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Experience wise Magna International Tool Maker salaries

Last Updated: 16 Aug 2023

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹5 L/yr
4 years  (4 salaries)

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₹2.4 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.7 L/yr
6 years (AmbitionBox Estimate)

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₹1.4 L/yr - ₹3.7 L/yr
7 years (AmbitionBox Estimate)

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₹1.5 L/yr - ₹4.2 L/yr

Similar Designation salaries in Magna International

Tool Engineer Salary
(14 salaries)
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₹4 L/yr - ₹7.1 L/yr
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₹1 L/yr - ₹5 L/yr
Operator Salary
(7 salaries)
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₹1.5 L/yr - ₹2.4 L/yr
Trainee Salary
(13 salaries)
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₹1.1 L/yr - ₹2.05 L/yr
Supervisor Salary
(4 salaries)
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₹3 L/yr - ₹3.12 L/yr
Technician Salary
(11 salaries)
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₹2.35 L/yr - ₹5.1 L/yr
Tool Room Trainee Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr
Senior Engineer Salary
(88 salaries)
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₹4.76 L/yr - ₹20.33 L/yr
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₹3.7 L/yr - ₹6.54 L/yr
Tool Room Operator Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr

Salary related reviews for Magna International

2.6

Rated by 5 employees for salary & benefits

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.

read more
  • Salary - Poor

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.

read more
  • Salary - Bad
  • +6 more

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.

read more
  • 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.

read more
  • Salary - Bad
  • +1 more

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.

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  • Salary - Poor
  • +2 more

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.

read more

Dislikes

Everything.no growth or oppurtunity.No increments.

  • Salary - Bad
  • +6 more
see more salary related reviews

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Magna International Tool Maker Salary FAQs

What is the salary of Tool Maker at Magna International ?
The average salary of a Tool Maker at Magna International in India typically ranges from ₹2.4 Lakhs to ₹4.2 Lakhs per year, depending on experience (from 3 years to 7 years).

The top 10% of Tool Maker at Magna International earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Tool Maker Salaries at Magna International can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 9 Magna International employees in India.
What is the estimated take home salary of a Tool Maker at Magna International in India?
The estimated take-home salary of a Tool Maker at Magna International in India typically ranges from ₹23,537 to ₹24,998 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹4.2 Lakhs per year for employees with experience ranging from 3 years to 7 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 9 salaries received from various employees of Magna International. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Magna International for Tool Maker in India?
Ashok Leyland ₹4.1 Lakhs to ₹5.2 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Magna International, depending on the role and experience level.
What is the salary of a Tool Maker in companies similar to Magna International in India?
The salary of a Tool Maker at companies similar to Magna International in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Yazaki ₹2.3 Lakhs to ₹5.0 Lakhs per year
Tata Motors ₹1.8 Lakhs to ₹4.0 Lakhs per year
TVS Motor ₹1.0 Lakhs to ₹4.2 Lakhs per year
Mahindra & Mahindra ₹1.1 Lakhs to ₹3.5 Lakhs per year
Force Motors ₹1.2 Lakhs to ₹1.8 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Tool Maker at Magna International in India?
The salary growth for a Tool Maker at Magna International depends on factors such as experience, performance, and promotions. On average, a Tool Maker can expect the following growth trajectory at Magna International:

Experience Average Salary Range
3 years ₹2.7 Lakhs to ₹5.0 Lakhs per year
4 years ₹2.4 Lakhs to ₹3.5 Lakhs per year
5 years ₹2.5 Lakhs to ₹3.7 Lakhs per year
6 years ₹1.4 Lakhs to ₹3.7 Lakhs per year
and so on.

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Magna International Tool Maker salary in India ranges between ₹2.4 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 9 Magna International latest salaries received from various employees of Magna International.