Magtorq Hosur Assembly Fitter Salaries by 4 Employees (Updated 2024)

2 - 5 years exp.

₹2.8 Lakhs - ₹3.5 Lakhs

Salary of majority employees

31% more than the average Assembly Fitter Salary for 2 - 5 years of experience

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Last Updated: 2 Dec 2024

Companies similar to Magtorq for Assembly Fitter in Hosur

Magtorq Assembly Fitter Salary

2 - 5 years exp. (4 salaries)

₹2.8 L/yr - ₹3.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Schaeffler India Assembly Fitter Salary 4 - 6 years exp. (3 salaries)	₹2.3 L/yr - ₹2.9 L/yr 18% less

Assembly Fitter salary at Magtorq ranges between ₹2.8 Lakhs to ₹3.5 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Magtorq.

Experience wise Magtorq Assembly Fitter salaries in Hosur

Last Updated: 2 Dec 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
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5 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr

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Salary related reviews for Magtorq

Design Engineer in Hosur

Full Time

Research & Development Department

4.0

• posted on 08 Apr 2022

4.0

for Salary and Benefits

Likes

MES is a office like a institute. Here I learnt many essential qualities of an engineer. This is a place which guides you the right direction.

Dislikes

Can't be satisfied with salary. May not be a perfect place for long term goals.

Junior Design Engineer in Hosur

Research & Development Department

4.0

• posted on 01 Sep 2017

2.0

for Salary and Benefits

Likes

I'm very proud to say we are working under l&t defense projects .then we are following all standards while creating new drawings .we are share all knowledge to others .easily communicate with l&t people and clarify our doubts .

Dislikes

First of all salary too low comparing others companies.then no bonus & little bit incremental.no other facilities inside the company.some times we got same projects and get boring to work .

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Magtorq Assembly Fitter Salary FAQs

What is the salary of Assembly Fitter at Magtorq Hosur?

Assembly Fitter salary at Magtorq in Hosur ranges between ₹2.8 Lakhs to ₹3.5 Lakhs for experience between 2 years to 5 years. According to our estimates it is 31% more than the average Assembly Fitter Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Magtorq Hosur.

How does the salary of a Assembly Fitter at Magtorq Hosur compare with the average salary range for this job?

The average salary of a Assembly Fitter at Magtorq is 31% more than the average salary of a Assembly Fitter in Hosur. To know exact salary insights, login to view.

What is the salary of a Assembly Fitter in companies similar to Magtorq in Hosur?

Schaeffler India Assembly Fitter Salary - ₹2.3 Lakhs to ₹2.9 Lakhs per year

What is the estimated take home salary of a Assembly Fitter at Magtorq in Hosur?

The estimated take-home salary of a Assembly Fitter at Magtorq ranges between ₹22,020 per month to ₹23,503 per month in Hosur. The take-home salary calculation is based on the average Magtorq Assembly Fitter salary in India which ranges between ₹2.8 Lakhs to ₹3.5 Lakhs per year for employees with experience between 2 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Assembly Fitter at Magtorq in Hosur?

According to AmbitionBox, 50% of the Magtorq Assembly Fitters in Hosur reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Magtorq Assembly Fitter Salaries in Hosur

Magtorq Assembly Fitter salary in Hosur ranges between ₹2.8 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magtorq latest salaries received from various employees of Magtorq.