Magna Steyr Product Design Engineer Salaries by 4 Employees

4 - 7 years exp.

₹2.5 Lakhs - ₹8 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

42% less than the average Product Design Engineer Salary in Automobile Companies for 4 - 7 years of experience

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Salaries in different departments

Research & Development Product Design Engineer Salary 4 - 6 years exp. (3 salaries)	₹2.5 L/yr - ₹4.2 L/yr
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Production, Manufacturing & Engineering Product Design Engineer Salary 7 years exp. (AmbitionBox Estimate)	₹7.2 L/yr - ₹8.8 L/yr

Last Updated: 17 Mar 2023

Companies similar to Magna Steyr for Product Design Engineer

Company name	Avg Annual Salary	Open Jobs
Daimler Product Design Engineer Salary 1 - 7 years exp. (16 salaries)	₹9 L/yr - ₹15.5 L/yr 140% more
Plastic Omnium Product Design Engineer Salary 3 - 7 years exp. (10 salaries)	₹4.5 L/yr - ₹7.5 L/yr 38% more
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Volvo Product Design Engineer Salary 4 - 8 years exp. (7 salaries)	₹6 L/yr - ₹13.4 L/yr 97% more
CNH Industrial Product Design Engineer Salary 2 - 10 years exp. (6 salaries)	₹6.9 L/yr - ₹18.8 L/yr 159% more
Ford Motor Product Design Engineer Salary 2 - 7 years exp. (6 salaries)	₹9 L/yr - ₹12.5 L/yr 139% more

Product Design Engineer salary at Magna Steyr ranges between ₹2.5 Lakhs to ₹8 Lakhs per year for employees with experience between 4 years to 7 years. Salary estimates are based on 4 latest salaries received from various employees of Magna Steyr.

Experience wise Magna Steyr Product Design Engineer salaries

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
5 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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6 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
7 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr

Similar Designation salaries in 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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Magna Steyr Product Design Engineer Salary FAQs

What is the salary of Product Design Engineer at Magna Steyr ?

The average salary of a Product Design Engineer at Magna Steyr in India typically ranges from ₹2.5 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 4 years to 7 years).

The top 10% of Product Design Engineer at Magna Steyr earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Product Design 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 4 Magna Steyr employees in India.

What is the estimated take home salary of a Product Design Engineer at Magna Steyr in India?

The estimated take-home salary of a Product Design Engineer at Magna Steyr in India typically ranges from ₹33,849 to ₹35,106 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 4 years to 7 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 4 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 Product Design Engineer in India?

CNH Industrial	₹6.9 Lakhs to ₹18.8 Lakhs per year
Daimler	₹9.0 Lakhs to ₹15.5 Lakhs per year
Ford Motor	₹9.0 Lakhs to ₹12.5 Lakhs per year
Volvo	₹6.0 Lakhs to ₹13.4 Lakhs per year
Plastic Omnium	₹4.5 Lakhs to ₹7.5 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.

How the salary growth look like for a Product Design Engineer at Magna Steyr in India?

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

Experience	Average Salary Range
4 years	₹2.2 Lakhs to ₹2.8 Lakhs per year
5 years	₹3.2 Lakhs to ₹4.0 Lakhs per year
6 years	₹3.8 Lakhs to ₹4.8 Lakhs per year
7 years	₹7.2 Lakhs to ₹9.2 Lakhs per year

and so on.

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Magna Steyr Product Design Engineer Salaries

Magna Steyr Product Design Engineer salary in India ranges between ₹2.5 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magna Steyr latest salaries received from various employees of Magna Steyr.

Magna Steyr Product Design Engineer salaries in India

Companies similar to Magna Steyr for Product Design Engineer

Latest annual salaries shared by Magna Steyr Product Design Engineer

Experience wise Magna Steyr Product Design Engineer salaries

Similar Designation salaries in Magna Steyr

Salary related reviews for Magna Steyr

Design Engineer in Pune

Team Manager in Bavdhan, Pune

Engineer in Pune

Magna Steyr Product Design Engineer Salary FAQs

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