Magna Steyr Pune Associate Engineer Salaries by 20+ Employees (Updated 2025)

1 - 3 years exp.

₹3.8 Lakhs - ₹6.9 Lakhs

Salary of majority employees

At par with the average Associate Engineer Salary in Automobile Companies for 1 - 3 years of experience

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Salaries in different departments

Research & Development Associate Engineer Salary 2 - 3 years exp. (17 salaries)	₹3.8 L/yr - ₹6.9 L/yr
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Engineering - Software & QA Associate Engineer Salary 1 - 2 years exp. (3 salaries)	₹4.8 L/yr - ₹5.7 L/yr

Last Updated: 15 Mar 2025

Companies similar to Magna Steyr for Associate Engineer in Pune

Magna Steyr Associate Engineer Salary

1 - 3 years exp. (23 salaries)

₹3.8 L/yr - ₹6.9 L/yr

Company name	Avg Annual Salary	Open Jobs
Hyundai Motor India Limited Associate Engineer Salary 4 - 9 years exp. (6 salaries)	₹5.2 L/yr - ₹10.3 L/yr 50% more
Tata Communications Associate Engineer Salary 0 - 4 years exp. (666 salaries)	₹1 L/yr - ₹5.5 L/yr 49% less
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Deutsche Bank Associate Engineer Salary 2 - 11 years exp. (261 salaries)	₹10.7 L/yr - ₹31.5 L/yr 281% more	6 job openings
Atos Associate Engineer Salary 1 - 5 years exp. (159 salaries)	₹2.5 L/yr - ₹8 L/yr 18% less
Tata Communications Transformation Services Associate Engineer Salary 0 - 5 years exp. (144 salaries)	₹1.6 L/yr - ₹3.5 L/yr 54% less

Associate Engineer salary at Magna Steyr ranges between ₹3.8 Lakhs to ₹6.9 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 23 latest salaries received from various employees of Magna Steyr.

Experience wise Magna Steyr Associate Engineer salaries in Pune

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹4.8 L/yr - ₹9.3 L/yr
2 years (11 salaries)	₹4 L/yr - ₹6.5 L/yr
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3 years (10 salaries)	₹3.8 L/yr - ₹6.9 L/yr

Similar Designation salaries in Magna Steyr

Lead Engineer Salary

(27 salaries)

₹12.7 L/yr - ₹22 L/yr

Senior Engineer Salary

(25 salaries)

₹13 L/yr - ₹27 L/yr

Team Lead Salary

(6 salaries)

₹14 L/yr - ₹18 L/yr

Senior Software Engineer Salary

(5 salaries)

₹16 L/yr - ₹29.6 L/yr

Salary related reviews for Magna Steyr

3.8

Rated by 4 employees for salary & benefits

Design Engineer in Pune

Research & Development Department

5.0

• posted on 21 Aug 2018

3.0

for Salary and Benefits

Likes

...o learn. I started my career as fresher in magna and now I know how lucky i was. I only left magna for salary hike and to check whether other companies are as good as magna or not. And now I know magna is best.

Skill development - Good

+5 more

Dislikes

Even though for freshers increment % is good but because of initial low package it doesn't make big difference.

Team Manager in Bavdhan, Pune

Full Time

Procurement & Supply Chain Department

5.0

• posted on 23 Dec 2024

5.0

for Salary and Benefits

Likes

Getting good exposure considering the versatile engineering project. Work freedom, also the open door policy where you can talk directly with anyone for your concerns. Good cultured organization.

Salary - Excellent

+6 more

Dislikes

Office location & ambiance

Engineer in Pune

Research & Development Department

5.0

• posted on 27 Jun 2022

4.0

for Salary and Benefits

Likes

Work life balance is excellent Teammates are supportive and job security is best in class

Salary - Good

+4 more

Dislikes

There is politics and you may face it in any company so it’s not new for me if anyone decides to go against manager then he will be targeted

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Magna Steyr Associate Engineer Salary FAQs

What is the salary of Associate Engineer at Magna Steyr in Pune?

The average salary of a Associate Engineer at Magna Steyr in Pune typically ranges from ₹3.8 Lakhs to ₹6.9 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Associate Engineer in Pune at Magna Steyr earn more than ₹6.1 Lakhs per year, and the top 1% earn over ₹6.9 Lakhs per year. Associate Engineer Salaries at Magna Steyr 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 20+ Magna Steyr employees in India.

What is the estimated take home salary of a Associate Engineer at Magna Steyr in Pune?

The estimated take-home salary of a Associate Engineer at Magna Steyr in Pune typically ranges from ₹41,233 to ₹42,380 per month. This is based on the average salary range of ₹3.8 Lakhs to ₹6.9 Lakhs per year for employees with experience ranging from 1 year to 3 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 20+ salaries received from various employees of Magna Steyr. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Magna Steyr for Associate Engineer in India?

Deutsche Bank	₹10.7 Lakhs to ₹31.5 Lakhs per year
Hyundai Motor India Limited	₹5.2 Lakhs to ₹10.3 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Magna Steyr, depending on the role and experience level.

What is the salary of a Associate Engineer in companies similar to Magna Steyr in Pune?

The salary of a Associate Engineer at companies similar to Magna Steyr in Pune varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Atos	₹2.5 Lakhs to ₹8.0 Lakhs per year
Tata Communications	₹1.0 Lakhs to ₹5.5 Lakhs per year
Tata Communications Transformation Services	₹1.6 Lakhs to ₹3.5 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 Associate Engineer at Magna Steyr in Pune?

The salary growth for a Associate Engineer at Magna Steyr in Pune depends on factors such as experience, performance, and promotions. On average, a Associate Engineer in Pune can expect the following growth trajectory at Magna Steyr:

Experience	Average Salary Range
1 year	₹4.8 Lakhs to ₹9.3 Lakhs per year
2 years	₹4.0 Lakhs to ₹6.5 Lakhs per year
3 years	₹3.8 Lakhs to ₹6.9 Lakhs per year

and so on.

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Magna Steyr Associate Engineer Salaries in Pune

Magna Steyr Associate Engineer salary in Pune ranges between ₹3.8 Lakhs to ₹6.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 23 Magna Steyr latest salaries received from various employees of Magna Steyr.