Mahindra & Mahindra Deputy Manager Band 1 Salaries by 3 Employees (Updated 2025)

10 - 26 years exp.

₹12.8 Lakhs - ₹22 Lakhs

Low Confidence

Salary of majority employees

220% more than the average Deputy Manager Band 1 Salary in Automobile Companies for 10 - 26 years of experience

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Salaries in different departments

Finance & Accounting Deputy Manager Band 1 Salary 10 - 12 years exp. (AmbitionBox Estimate)	₹12.8 L/yr - ₹17.8 L/yr
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Production, Manufacturing & Engineering Deputy Manager Band 1 Salary 26 years exp. (AmbitionBox Estimate)	₹19.8 L/yr - ₹24.2 L/yr

Last Updated: 11 Jan 2025

Companies similar to Mahindra & Mahindra for Deputy Manager Band 1

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Deputy Manager Band 1 Salary 0 - 10 years exp. (952 salaries)	₹3 L/yr - ₹6.7 L/yr 69% less
HDFC Bank Deputy Manager Band 1 Salary 1 - 11 years exp. (84 salaries)	₹3.5 L/yr - ₹6.8 L/yr 69% less
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Tata AIG Deputy Manager Band 1 Salary 2 - 8 years exp. (49 salaries)	₹2.5 L/yr - ₹4.7 L/yr 79% less
Axis Bank Deputy Manager Band 1 Salary 4 - 8 years exp. (23 salaries)	₹3.6 L/yr - ₹8 L/yr 67% less
IndusInd Bank Deputy Manager Band 1 Salary 3 - 8 years exp. (19 salaries)	₹2.3 L/yr - ₹6.7 L/yr 79% less

Deputy Manager Band 1 salary at Mahindra & Mahindra ranges between ₹12.8 Lakhs to ₹22 Lakhs per year for employees with experience between 10 years to 26 years. Salary estimates are based on 3 latest salaries received from various employees of Mahindra & Mahindra.

Experience wise Mahindra & Mahindra Deputy Manager Band 1 salaries

Last Updated: 11 Jan 2025

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹14.7 L/yr
12 years (AmbitionBox Estimate)	₹16 L/yr - ₹20.5 L/yr
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15+ years (AmbitionBox Estimate)	₹19.8 L/yr - ₹25.3 L/yr

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Salary related reviews for Mahindra & Mahindra

Senior Associate in Lucknow

Full Time

Finance & Accounting Department

3.0

• posted on 18 Nov 2024

3.0

for Salary and Benefits

Likes

Work culture Some say that the work culture is good and that the company is people friendly.

Skill development - Good

Dislikes

Salary: Some say that the salary is low compared to the job description Growth: Some say that there is slow growth for existing employees Work-life balance: Some say that the work-life balance is unstable Management: Some say that there is too much hierarchical management

Promotions - Poor

Deputy Manager in Bangalore / Bengaluru

Full Time

Research & Development Department

4.0

• posted on 28 Dec 2023

3.0

for Salary and Benefits

Likes

1. No organisational hierarchy barrier. 2. Top management and seniors are easily approachable.

Skill development - Good

+3 more

Dislikes

1. Salary is lower compared to the work load and the top-notch job employees are doing. 2. Work-life balance is compromised many a times.

Deputy Manager in Mumbai

Full Time

Project & Program Management Department

5.0

• posted on 15 May 2023

5.0

for Salary and Benefits

Likes

Alternate Saturday off .....good work culture

Salary - Excellent

+5 more

Dislikes

... are need to more fair Need to start pick and drop facility for employees.... Need to add Sodexo cupouns as salary entity for tax benifit

Deputy Manager in Pune

Full Time

Research & Development Department

2.0

• posted on 12 Mar 2023

1.0

for Salary and Benefits

Likes

You have decision making power which helps in gaining experience hands-on.

Job security - Good

Dislikes

Work life balance, appraisal, salary benefits are in no way linked to your performance. It's all driven by internal politics. Never trust any promise made by senior management or HR department at Mahindra. 0% reliability.

Salary - Bad

+5 more

Sales Manager in Raipur

Full Time

Data Science & Analytics Department

1.0

• posted on 08 Jun 2019

1.0

for Salary and Benefits

Likes

Working for mahindra is good but when it comes to mahindra dealership it is complete terrible salary package is worst incentives which is told by dealer are never given by them Sales Executise are treated in a very bad manner Overall working for dealerships are at it worsy

Dislikes

Salary - Bad
Skill development - Bad

+4 more

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What people are saying about Mahindra & Mahindra

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divitr

works at

Mahindra & Mahindra

Budget 2025 was a bummer!

I am earning 13.5 lpa and appraisal would be around 8-9% this year...so next fiscal year I would be earning around 14.6. it is kind of disappointing to see how a person who earns less than me gets more money in hand and it would take me almost two more years and appraisals to get that money in hand. Any clarifications or suggestions on tax saving is appreciated!..thanks

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Mahindra & Mahindra Deputy Manager Band 1 Salary FAQs

What is the notice period for Deputy Manager Band 1 at Mahindra & Mahindra?

According to AmbitionBox, 100% of the Mahindra & Mahindra Deputy Manager Band 1s reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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Mahindra & Mahindra Deputy Manager Band 1 Salaries

Mahindra & Mahindra Deputy Manager Band 1 salary in India ranges between ₹12.8 Lakhs to ₹22 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Mahindra & Mahindra latest salaries received from various employees of Mahindra & Mahindra.