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Mahindra & Mahindra Principal Engineer salaries in India (Updated 2025)

Annual salary range
14 - 23 years exp.
₹29 Lakhs - ₹55 Lakhs
Salary of majority employees
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Fixed (80%)
₹34.8 Lakhs
Variable (20%)
₹8.9 Lakhs
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38% more than the average Principal Engineer Salary in Automobile Companies for 14 - 23 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

Research & Development
Principal Engineer Salary
14 - 22 years exp. (16 salaries)
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₹29 L/yr - ₹55 L/yr

Engineering - Software & QA
Principal Engineer Salary
16 - 23 years exp. (8 salaries)
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₹34 L/yr - ₹51 L/yr

Last Updated: 7 Mar 2025

Companies similar to Mahindra & Mahindra for Principal Engineer

Company name Avg Annual Salary Open Jobs
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Volvo Principal Engineer Salary

12 - 13 years exp. (9 salaries)

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₹30 L/yr - ₹60 L/yr

arrow icon 3% more
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Ford Motor Principal Engineer Salary

12 - 13 years exp. (4 salaries)

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₹52 L/yr - ₹67.9 L/yr

arrow icon 41% more
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Volvo Trucks Principal Engineer Salary

12 - 18 years exp. (3 salaries)

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₹35 L/yr - ₹43.5 L/yr

arrow icon 7% less
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Mahindra Automotives Principal Engineer Salary

17 - 18 years exp. (3 salaries)

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₹28.5 L/yr - ₹45 L/yr

arrow icon 25% less
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HARMAN Principal Engineer Salary

9 - 15 years exp. (468 salaries)

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₹17 L/yr - ₹51.1 L/yr

arrow icon 21% less
9 job openings
Principal Engineer salary at Mahindra & Mahindra ranges between ₹29 Lakhs to ₹55 Lakhs per year for employees with experience between 14 years to 23 years. Salary estimates are based on 31 latest salaries received from various employees of Mahindra & Mahindra.

Latest annual salaries shared by Mahindra & Mahindra Principal Engineer

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18 years exp.
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21 years exp.
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17 years exp.
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22 years exp.
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18 years exp.
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21 years exp.
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20 years exp.
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17 years exp.
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17 years exp.
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17 years exp.

Experience wise Mahindra & Mahindra Principal Engineer salaries

Last Updated: 7 Mar 2025

Experience Avg Annual Salary
14 years (AmbitionBox Estimate)

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₹15.9 L/yr - ₹45 L/yr
15+ years  (30 salaries)

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₹29 L/yr - ₹55 L/yr

Similar Designation salaries in Mahindra & Mahindra

Senior Engineer Salary
(1k salaries)
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₹6.5 L/yr - ₹18 L/yr
Lead Engineer Salary
(688 salaries)
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₹9 L/yr - ₹28 L/yr
Principal Software Engineer Salary
(AmbitionBox Estimate)
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₹57 L/yr - ₹63 L/yr
Principal Consultant Salary
(AmbitionBox Estimate)
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₹18 L/yr - ₹23 L/yr
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₹4 L/yr - ₹13.39 L/yr
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₹2 L/yr - ₹6.5 L/yr
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₹6.6 L/yr - ₹18.5 L/yr
Technical Lead Salary
(19 salaries)
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₹7.8 L/yr - ₹24.68 L/yr
Project Manager Salary
(84 salaries)
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₹8.62 L/yr - ₹28 L/yr
Project Lead Salary
(11 salaries)
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₹12.45 L/yr - ₹18 L/yr

Top skills at Mahindra & Mahindra for Principal Engineer

Automotive Engineering Packaging Architecture Prototype HVAC System Engineering MS Office CATIA Biw Fixture Design Electricals Process Simulation Raw Material Cost Optimization Design development System Development

Salary related reviews for Mahindra & Mahindra

2.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Engineering - Software & QA Department

2.0
  •  posted on 25 Dec 2024

3.0
 for  Salary and Benefits

Likes

I only like work. Except for that work life balance is not good Compensation is ok Hike ok Overall company culture is not good

read more
  • Skill development - Good

Dislikes

Company culture It feels like we worked for 3 yr but actually its 1.5 yr only. With this example I think you can guess what I'm trying to say.

read more
  • Company culture - Bad
  • +1 more

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

read more
  • Promotions - Poor

Full Time

 · 

Engineering - Software & QA Department

1.0
  •  posted on 07 Sep 2024

2.0
 for  Salary and Benefits

Likes

thaar car only.

Dislikes

...ce coverage is 100000 for employee family.wont get insurance related assistants.no good salary hikes. No work life balance. There is no leaderships who motivates employees and maintain a good work culture.

read more
  • Salary - Poor
  • +6 more

Full Time

 · 

Research & Development Department

4.0
  •  posted on 04 Feb 2023

4.0
 for  Salary and Benefits

Likes

1.Diverse work culture. 2.Very good for beginners. Lot of learnings are there. 3. Job security is good 4. Health related support from Management is good. They support in all possible extent for their employees and their family health.

read more
  • Salary - Good
  • +4 more

Dislikes

...nd officer to put more time to complete the task. 2. Promotion and hike system. Pay is good it is average when compared to market. But for achieving this person need to work daily 3hrs extra. 3. No process. Yes there is a process. But due to congested project timelines, process always get skipped. 4. Manager always paid more in term of percentage. Management mindset is to keep manager at their end. so they can train any operational level engineer easily.

read more
  • Work-life balance - Poor

Power Train Department

4.0
  •  posted on 19 Aug 2022

3.0
 for  Salary and Benefits

Likes

Hands on work for all technical work which in most of other OEM are done by consultant. Due to this learning growth is enormous. Beautiful campus are MRV chennai.

read more
  • Skill development - Excellent
  • +3 more

Dislikes

...uirement you may be asked to work 7 days a week. Work life balance is not good. Salary negotiations should be very very carefully at the time of interview.

read more
see more salary related reviews

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Mahindra & Mahindra Principal Engineer Salary FAQs

What is the salary of Principal Engineer at Mahindra & Mahindra ?
The average salary of a Principal Engineer at Mahindra & Mahindra in India typically ranges from ₹29.0 Lakhs to ₹55.0 Lakhs per year, depending on experience (from 14 years to 23 years).

The top 10% of Principal Engineer at Mahindra & Mahindra earn more than ₹54.4 Lakhs per year, and the top 1% earn over ₹55.0 Lakhs per year. Principal Engineer Salaries at Mahindra & Mahindra 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 30+ Mahindra & Mahindra employees in India.
What is the estimated take home salary of a Principal Engineer at Mahindra & Mahindra in India?
The estimated take-home salary of a Principal Engineer at Mahindra & Mahindra in India typically ranges from ₹2,58,170 to ₹2,68,706 per month. This is based on the average salary range of ₹29.0 Lakhs to ₹55.0 Lakhs per year for employees with experience ranging from 14 years to 23 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 30+ salaries received from various employees of Mahindra & Mahindra. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Principal Engineer at Mahindra & Mahindra ?
To be a Principal Engineer at Mahindra & Mahindra in india, the key skills required include:

  • - Automotive Engineering
  • - Packaging
  • - Architecture
  • - Prototype
  • - HVAC

These skills are highly valued at Mahindra & Mahindra and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Mahindra & Mahindra for Principal Engineer in India?
Ford Motor ₹52.0 Lakhs to ₹67.9 Lakhs per year
Volvo ₹30.0 Lakhs to ₹60.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mahindra & Mahindra, depending on the role and experience level.
What is the salary of a Principal Engineer in companies similar to Mahindra & Mahindra in India?
The salary of a Principal Engineer at companies similar to Mahindra & Mahindra in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Volvo Trucks ₹35.0 Lakhs to ₹43.5 Lakhs per year
HARMAN ₹17.0 Lakhs to ₹51.1 Lakhs per year
Mahindra Automotives ₹28.5 Lakhs to ₹45.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Principal Engineer at Mahindra & Mahindra in India?
The salary growth for a Principal Engineer at Mahindra & Mahindra depends on factors such as experience, performance, and promotions. On average, a Principal Engineer can expect the following growth trajectory at Mahindra & Mahindra:

Experience Average Salary Range
14 years ₹15.9 Lakhs to ₹45.0 Lakhs per year
15 years ₹29.0 Lakhs to ₹55.0 Lakhs per year
and so on.

Tell us how to improve this page.

Mahindra & Mahindra Principal Engineer salary in India ranges between ₹29 Lakhs to ₹55 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 31 Mahindra & Mahindra latest salaries received from various employees of Mahindra & Mahindra.