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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
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₹7.4
Lakhs - ₹9.4
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 salaryInterested in this particular role?
Companies similar to Magna Steyr for Lead Mechanical Engineer
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 TKIL Lead Mechanical Engineer Salary
6 - 11 years exp. (78 salaries) |  ₹4.1 L/yr - ₹8.4 L/yr 
24%
less | |
 HCLTech Lead Mechanical Engineer Salary
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12%
less | |
Login to view exact salary
| ||
 Alstom Transportation Lead Mechanical Engineer Salary
10 - 16 years exp. (50 salaries) | ₹13 L/yr - ₹26.2 L/yr 
125%
more | 1 job opening |
 GE Vernova Lead Mechanical Engineer Salary
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 Baker Hughes Lead Mechanical Engineer Salary
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Lead Mechanical Engineer salary at Magna Steyr ranges between ₹7.4
Lakhs
to ₹9.4
Lakhs
per year for employees with 9 years of experience. Salary
estimates are based on
1 latest salaries received
from various employees of Magna Steyr.
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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 Lead Mechanical Engineer salary in India ranges between ₹7.4 Lakhs to ₹9.4 Lakhs. This is an estimate based on latest salaries received from employees of Magna Steyr.