Magna International Mumbai Tool Maker Salaries by 3 Employees (Updated 2024)

4 - 7 years exp.

₹2.5 Lakhs - ₹4.2 Lakhs

Low Confidence

Salary of majority employees

13% more than the average Tool Maker Salary in Auto Components Companies for 4 - 7 years of experience

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Last Updated: 28 Jul 2023

Companies similar to Magna International for Tool Maker in Mumbai

Magna International Tool Maker Salary

4 - 7 years exp. (3 salaries)

₹2.5 L/yr - ₹4.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Connectwell Industries Tool Maker Salary 1 - 5 years exp. (4 salaries)	₹2.2 L/yr - ₹3 L/yr 12% less
DEVU TOOLS Tool Maker Salary 2 - 6 years exp. (3 salaries)	₹2 L/yr - ₹2.5 L/yr 20% less
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I Kay Mould Tech Tool Maker Salary 2 - 3 years exp. (3 salaries)	₹2.8 L/yr - ₹3.2 L/yr 5% more

Tool Maker salary at Magna International ranges between ₹2.5 Lakhs to ₹4.2 Lakhs per year for employees with experience between 4 years to 7 years. Salary estimates are based on 3 latest salaries received from various employees of Magna International.

Experience wise Magna International Tool Maker salaries in Mumbai

Last Updated: 28 Jul 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹5.3 L/yr
5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹5.3 L/yr
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6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
7 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹4.2 L/yr

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.

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.

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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 Maker Salary FAQs

What is the notice period for Tool Maker at Magna International in Mumbai?

According to AmbitionBox, 50% of the Magna International Tool Makers in Mumbai reported a notice period of 15 days or less, 50% reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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Magna International Tool Maker Salaries in Mumbai

Magna International Tool Maker salary in Mumbai ranges between ₹2.5 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Magna International latest salaries received from various employees of Magna International.