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...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.
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Annual salary range
5 - 7 years exp.
₹5.3
Lakhs - ₹6.2
Lakhs
Low Confidence 
Low confidence means that this average salary is based on data that was reported by very few people.
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detailed salary insights 
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary19% more than the average Contract Engineer Salary in Automobile Companies for 5 - 7 years of experience
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Companies similar to Magna Steyr for Contract Engineer
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 Mahindra & Mahindra Contract Engineer Salary
3 - 4 years exp. (3 salaries) |  ₹2.2 L/yr - ₹3.3 L/yr 
51%
less | |
 Ashok Leyland Contract Engineer Salary
0 - 6 years exp. (5 salaries) | ₹1.8 L/yr - ₹4.2 L/yr
50%
less | |
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| ||
 Bharat Electronics Contract Engineer Salary
1 - 6 years exp. (298 salaries) | ₹2 L/yr - ₹4.8 L/yr
44%
less | |
 Defence Research & Development Organisation Contract Engineer Salary
0 - 4 years exp. (105 salaries) | ₹1.5 L/yr - ₹4.1 L/yr
46%
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 Reliance Industries Contract Engineer Salary
1 - 8 years exp. (57 salaries) | ₹5.5 L/yr - ₹13.9 L/yr 
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more | |
Contract Engineer salary at Magna Steyr ranges between ₹5.3
Lakhs
to ₹6.2
Lakhs
per year for employees with experience between 5 years to 7 years. Salary
estimates are based on
4 latest salaries received
from various employees of Magna Steyr.
Latest annual salaries shared by Magna Steyr Contract Engineer
1y ago
5
years
exp.
1y ago
7
years
exp.
1y ago
6
years
exp.
1y ago
5
years
exp.
Experience wise Magna Steyr Contract Engineer salaries
Last Updated: 14 Mar 2023
| Experience | Avg Annual Salary |
|---|---|
| 5 years (AmbitionBox Estimate) |
₹5
L/yr
- ₹6.4
L/yr
|
| 6 years (AmbitionBox Estimate) |
₹5.6
L/yr
- ₹7.1
L/yr
|
Login to view exact salary
| |
| 7 years (AmbitionBox Estimate) |
₹5.6
L/yr
- ₹7.1
L/yr
|
Similar Designation salaries in Magna Steyr
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Top trending discussions
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Salary Discussions, Hike & Promotions
2w
a senior consultant
Retention offer
Hello,
Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus
Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L)
I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance.
The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte.
Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too
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Magna Steyr Contract Engineer Salary FAQs
What is the salary of Contract Engineer at Magna Steyr?
Contract Engineer salary at Magna Steyr in India ranges between ₹5.3 Lakhs to ₹6.2 Lakhs for experience between 5 years to 7 years. According to our estimates it is 19% more than the average Contract Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Magna Steyr India.
How does the salary of a Contract Engineer at Magna Steyr India compare with the average salary range for this job?
The average salary of a Contract Engineer at Magna Steyr is 19% more than the average salary of a Contract Engineer in India. To know exact salary insights, login to view.
Which similar companies are paying more than Magna Steyr to a Contract Engineer in India?
- Reliance Industries Contract Engineer Salary - ₹5.5 Lakhs to ₹13.9 Lakhs per year
What is the salary of a Contract Engineer in companies similar to Magna Steyr in India?
- Bharat Electronics Contract Engineer Salary - ₹2.0 Lakhs to ₹4.8 Lakhs per year
- Defence Research & Development Organisation Contract Engineer Salary - ₹1.5 Lakhs to ₹4.1 Lakhs per year
- Ashok Leyland Contract Engineer Salary - ₹1.8 Lakhs to ₹4.2 Lakhs per year
- Mahindra & Mahindra Contract Engineer Salary - ₹2.2 Lakhs to ₹3.3 Lakhs per year
What is the estimated take home salary of a Contract Engineer at Magna Steyr in India?
The estimated take-home salary of a Contract Engineer at Magna Steyr ranges between ₹44,492 per month to ₹45,590 per month in India. The take-home salary calculation is based on the average Magna Steyr Contract Engineer salary in India which ranges between ₹5.3 Lakhs to ₹6.2 Lakhs per year for employees with experience between 5 years to 7 years. Check how did we calculate take home salary?
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Magna Steyr Contract Engineer salary
in
India
ranges between ₹5.3
Lakhs to ₹6.2
Lakhs with an average annual salary of
₹. Salary estimates are based on
4
Magna Steyr latest salaries received from various employees of
Magna Steyr.