Magtorq Hosur Mechanical Engg. Design Salaries by 6 Employees

1 - 5 years exp.

₹2.2 Lakhs - ₹3.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

44% less than the average Mechanical Engg. Design Salary for 1 - 5 years of experience

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Last Updated: 17 Mar 2023

Companies similar to Magtorq for Mechanical Engg. Design in Hosur

Magtorq Mechanical Engg. Design Salary

1 - 5 years exp. (6 salaries)

₹2.2 L/yr - ₹3.1 L/yr

Company name	Avg Annual Salary	Open Jobs
Titan Engineering & Automation Mechanical Engg. Design Salary 0 - 6 years exp. (10 salaries)	₹4 L/yr - ₹8 L/yr 110% more
WEG Mechanical Engg. Design Salary 2 - 5 years exp. (8 salaries)	₹4.3 L/yr - ₹6.6 L/yr 107% more
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TVS Motor Mechanical Engg. Design Salary 1 - 9 years exp. (7 salaries)	₹2.1 L/yr - ₹8.3 L/yr 109% more
Titan Company Mechanical Engg. Design Salary 0 - 6 years exp. (5 salaries)	₹1.7 L/yr - ₹8 L/yr 43% more
Innotrans Systems India Mechanical Engg. Design Salary 3 - 8 years exp. (5 salaries)	₹3.9 L/yr - ₹4.5 L/yr 59% more

Mechanical Engg. Design salary at Magtorq ranges between ₹2.2 Lakhs to ₹3.1 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 6 latest salaries received from various employees of Magtorq.

Experience wise Magtorq Mechanical Engg. Design salaries in Hosur

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.9 L/yr
2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
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3 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr

Similar Designation salaries in Magtorq

Design Engineer Salary

(27 salaries)

₹1.8 L/yr - ₹4.6 L/yr

Assistant Manager Design Salary

(3 salaries)

₹5.5 L/yr - ₹7.2 L/yr

Salary related reviews for Magtorq

2.0

Rated by 1 employees for salary & benefits

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.

Salary - Good

+3 more

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 .

Skill development - Good

+1 more

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 .

Salary - Poor

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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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Magtorq Mechanical Engg. Design Salary FAQs

What is the salary of Mechanical Engg. Design at Magtorq in Hosur?

The average salary of a Mechanical Engg. Design at Magtorq in Hosur typically ranges from ₹2.2 Lakhs to ₹3.1 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Mechanical Engg. Design in Hosur at Magtorq earn more than ₹3.1 Lakhs per year, and the top 1% earn over ₹3.1 Lakhs per year. Mechanical Engg. Design Salaries at Magtorq 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 6 Magtorq employees in India.

What is the estimated take home salary of a Mechanical Engg. Design at Magtorq in Hosur?

The estimated take-home salary of a Mechanical Engg. Design at Magtorq in Hosur typically ranges from ₹18,514 to ₹20,199 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹3.1 Lakhs per year for employees with experience ranging from 1 year to 5 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 6 salaries received from various employees of Magtorq. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Magtorq for Mechanical Engg. Design in India?

Titan Engineering & Automation	₹4.0 Lakhs to ₹8.0 Lakhs per year
TVS Motor	₹2.1 Lakhs to ₹8.3 Lakhs per year
WEG	₹4.3 Lakhs to ₹6.6 Lakhs per year
Innotrans Systems India	₹3.9 Lakhs to ₹4.5 Lakhs per year
Titan Company	₹1.7 Lakhs to ₹8.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Magtorq, depending on the role and experience level.

How the salary growth look like for a Mechanical Engg. Design at Magtorq in Hosur?

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

Experience	Average Salary Range
1 year	₹2.2 Lakhs to ₹2.9 Lakhs per year
2 years	₹2.3 Lakhs to ₹2.9 Lakhs per year
3 years	₹2.4 Lakhs to ₹3.0 Lakhs per year
4 years	₹2.4 Lakhs to ₹3.1 Lakhs per year

and so on.

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Magtorq Mechanical Engg. Design Salaries in Hosur

Magtorq Mechanical Engg. Design salary in Hosur ranges between ₹2.2 Lakhs to ₹3.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Magtorq latest salaries received from various employees of Magtorq.