Mahindra & Mahindra Tool Design Engineer Salaries by 8 Employees

1 - 7 years exp.

₹1.7 Lakh - ₹5.2 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

36% less than the average Tool Design Engineer Salary in Automobile Companies for 1 - 7 years of experience

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Last Updated: 24 Feb 2024

Companies similar to Mahindra & Mahindra for Tool Design Engineer

Company name	Avg Annual Salary	Open Jobs
Maruti Suzuki Tool Design Engineer Salary 1 - 7 years exp. (4 salaries)	₹2 L/yr - ₹12 L/yr 165% more
Tata Advanced Systems Tool Design Engineer Salary 3 - 7 years exp. (29 salaries)	₹3 L/yr - ₹8 L/yr 75% more
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Brakes India Tool Design Engineer Salary 0 - 5 years exp. (10 salaries)	₹1.1 L/yr - ₹6.2 L/yr 16% less
Lucas-TVS Tool Design Engineer Salary 2 - 7 years exp. (9 salaries)	₹4 L/yr - ₹6.5 L/yr 89% more
Lakshmi Machine Works Tool Design Engineer Salary 4 - 9 years exp. (8 salaries)	₹5 L/yr - ₹6.6 L/yr 117% more

Tool Design Engineer salary at Mahindra & Mahindra ranges between ₹1.7 Lakh to ₹5.2 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 8 latest salaries received from various employees of Mahindra & Mahindra.

Experience wise Mahindra & Mahindra Tool Design Engineer salaries

Last Updated: 24 Feb 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
2 years (3 salaries)	₹2.1 L/yr - ₹3 L/yr
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3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
5 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
7 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr

View all

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Salary related reviews for Mahindra & Mahindra

3.7

Rated by 3 employees for salary & benefits

Tool Design Engineer in Nagpur

Production, Manufacturing & Engineering Department

1.0

• posted on 20 Oct 2022

1.0

for Salary and Benefits

Likes

Nothing is good in this company, I had worst experience ever. They don't care about your problems they only need there benefits,all officer's are rude they don't do anything except giving orders to DETs

Job security - Excellent

Dislikes

Salary Officers behaviour Leave They don't care about you they only care about there benefits

Salary - Bad

+4 more

Senior Software Engineer in Coimbatore

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

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.

Company culture - Bad

+1 more

Senior Engineer in Chennai

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.

Salary - Poor

+6 more

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.

Senior Engineer in Chennai

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.

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.

Work-life balance - Poor

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Salary Discussions, Hike & Promotions

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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Mahindra & Mahindra Tool Design Engineer Salary FAQs

What is the salary of Tool Design Engineer at Mahindra & Mahindra ?

The average salary of a Tool Design Engineer at Mahindra & Mahindra in India typically ranges from ₹1.7 Lakhs to ₹5.2 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Tool Design Engineer at Mahindra & Mahindra earn more than ₹4.8 Lakhs per year, and the top 1% earn over ₹5.2 Lakhs per year. Tool Design 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 8 Mahindra & Mahindra employees in India.

What is the estimated take home salary of a Tool Design Engineer at Mahindra & Mahindra in India?

The estimated take-home salary of a Tool Design Engineer at Mahindra & Mahindra in India typically ranges from ₹18,904 to ₹20,584 per month. This is based on the average salary range of ₹1.7 Lakhs to ₹5.2 Lakhs per year for employees with experience ranging from 1 year 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 8 salaries received from various employees of Mahindra & Mahindra. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mahindra & Mahindra for Tool Design Engineer in India?

Maruti Suzuki	₹2.0 Lakhs to ₹12.0 Lakhs per year
Lakshmi Machine Works	₹5.0 Lakhs to ₹6.6 Lakhs per year
Lucas-TVS	₹4.0 Lakhs to ₹6.5 Lakhs per year
Tata Advanced Systems	₹3.0 Lakhs to ₹8.0 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 Tool Design Engineer in companies similar to Mahindra & Mahindra in India?

The salary of a Tool Design Engineer at companies similar to Mahindra & Mahindra in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Brakes India

₹1.1 Lakhs to ₹6.2 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 Tool Design Engineer at Mahindra & Mahindra in India?

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

Experience	Average Salary Range
1 year	₹2.1 Lakhs to ₹2.7 Lakhs per year
2 years	₹2.1 Lakhs to ₹3.0 Lakhs per year
3 years	₹2.3 Lakhs to ₹3.0 Lakhs per year
4 years	₹2.5 Lakhs to ₹3.2 Lakhs per year

and so on.

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Mahindra & Mahindra Tool Design Engineer salary in India ranges between ₹1.7 Lakh to ₹5.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Mahindra & Mahindra latest salaries received from various employees of Mahindra & Mahindra.