Magna Steyr Principal Engineer Salaries by 2 Employees (Updated 2025)

20 - 24 years exp.

₹15.9 Lakhs - ₹20.4 Lakhs

Low Confidence

Salary of majority employees

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Last Updated: 19 Jun 2023

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Principal Engineer salary at Magna Steyr ranges between ₹15.9 Lakhs to ₹20.4 Lakhs per year for employees with experience between 20 years to 24 years. Salary estimates are based on 2 latest salaries received from various employees of Magna Steyr.

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Salary related reviews for Magna Steyr

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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1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Magna Steyr Principal Engineer Salary FAQs

What is the notice period for Principal Engineer at Magna Steyr?

According to AmbitionBox, 100% of the Magna Steyr Principal Engineers reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Magna Steyr Principal Engineer Salaries

Magna Steyr Principal Engineer salary in India ranges between ₹15.9 Lakhs to ₹20.4 Lakhs. This is an estimate based on latest salaries received from employees of Magna Steyr.