Magna Steyr Pune Mechanical Engg. Design Salaries by 5 Employees (Updated 2025)

3 - 13 years exp.

₹4 Lakhs - ₹19.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

102% more than the average Mechanical Engg. Design Salary in Automobile Companies for 3 - 13 years of experience

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Last Updated: 4 Apr 2025

Companies similar to Magna Steyr for Mechanical Engg. Design in Pune

Magna Steyr Mechanical Engg. Design Salary

3 - 13 years exp. (5 salaries)

₹4 L/yr - ₹19.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Plastic Omnium Mechanical Engg. Design Salary 2 - 5 years exp. (8 salaries)	₹3 L/yr - ₹6.5 L/yr 59% less
MAN Truck & Bus Mechanical Engg. Design Salary 2 - 5 years exp. (4 salaries)	₹4.5 L/yr - ₹10 L/yr 37% less
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Rolls-Royce Mechanical Engg. Design Salary 4 - 7 years exp. (4 salaries)	₹4.8 L/yr - ₹11 L/yr 34% less
CNH Industrial Mechanical Engg. Design Salary 1 - 3 years exp. (3 salaries)	₹8.2 L/yr - ₹11.5 L/yr 7% less
Wipro PARI Mechanical Engg. Design Salary 1 - 7 years exp. (85 salaries)	₹2.8 L/yr - ₹8.5 L/yr 51% less

Mechanical Engg. Design salary at Magna Steyr ranges between ₹4 Lakhs to ₹19.5 Lakhs per year for employees with experience between 3 years to 13 years. Salary estimates are based on 5 latest salaries received from various employees of Magna Steyr.

Experience wise Magna Steyr Mechanical Engg. Design salaries in Pune

Last Updated: 4 Apr 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
4 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
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5 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
6 years (AmbitionBox Estimate)	₹7 L/yr - ₹9 L/yr
7 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
8 years (AmbitionBox Estimate)	₹10.1 L/yr - ₹12.9 L/yr
9 years (AmbitionBox Estimate)	₹11.6 L/yr - ₹14.8 L/yr
10 years (AmbitionBox Estimate)	₹13.1 L/yr - ₹16.7 L/yr
11 years (AmbitionBox Estimate)	₹14.6 L/yr - ₹18.7 L/yr
12 years (AmbitionBox Estimate)	₹16.1 L/yr - ₹20.6 L/yr
13 years (AmbitionBox Estimate)	₹17.6 L/yr - ₹22.5 L/yr

View all

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Salary related reviews for Magna Steyr

3.0

Rated by 1 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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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Magna Steyr Mechanical Engg. Design Salary FAQs

What is the salary of Mechanical Engg. Design at Magna Steyr in Pune?

The average salary of a Mechanical Engg. Design at Magna Steyr in Pune typically ranges from ₹4.0 Lakhs to ₹19.5 Lakhs per year, depending on experience (from 3 years to 13 years).

The top 10% of Mechanical Engg. Design in Pune at Magna Steyr earn more than ₹19.5 Lakhs per year, and the top 1% earn over ₹19.5 Lakhs per year. Mechanical Engg. Design 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 5 Magna Steyr employees in India.

What is the estimated take home salary of a Mechanical Engg. Design at Magna Steyr in Pune?

The estimated take-home salary of a Mechanical Engg. Design at Magna Steyr in Pune typically ranges from ₹80,652 to ₹82,753 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹19.5 Lakhs per year for employees with experience ranging from 3 years to 13 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 5 salaries received from various employees of Magna Steyr. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Mechanical Engg. Design in companies similar to Magna Steyr in Pune?

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

CNH Industrial	₹8.2 Lakhs to ₹11.5 Lakhs per year
Rolls-Royce	₹4.8 Lakhs to ₹11.0 Lakhs per year
MAN Truck & Bus	₹4.5 Lakhs to ₹10.0 Lakhs per year
Wipro PARI	₹2.8 Lakhs to ₹8.5 Lakhs per year
Plastic Omnium	₹3.0 Lakhs to ₹6.5 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 Mechanical Engg. Design at Magna Steyr in Pune?

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

Experience	Average Salary Range
3 years	₹3.6 Lakhs to ₹4.6 Lakhs per year
4 years	₹4.0 Lakhs to ₹5.1 Lakhs per year
5 years	₹5.5 Lakhs to ₹7.0 Lakhs per year
6 years	₹7.0 Lakhs to ₹9.0 Lakhs per year

and so on.

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Magna Steyr Mechanical Engg. Design Salaries in Pune

Magna Steyr Mechanical Engg. Design salary in Pune ranges between ₹4 Lakhs to ₹19.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Magna Steyr latest salaries received from various employees of Magna Steyr.