Mahindra & Mahindra Tool Maker Salaries by 6 Employees

2 - 6 years exp.

₹1.1 Lakh - ₹3.5 Lakhs

Low Confidence

Salary of majority employees

60% less than the average Tool Maker Salary in Automobile Companies for 2 - 6 years of experience

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Last Updated: 4 Oct 2023

Companies similar to Mahindra & Mahindra for Tool Maker

Company name	Avg Annual Salary	Open Jobs
Tata Motors Tool Maker Salary 2 - 13 years exp. (10 salaries)	₹1.8 L/yr - ₹4 L/yr 59% more
Ashok Leyland Tool Maker Salary 6 - 9 years exp. (4 salaries)	₹4.1 L/yr - ₹5.2 L/yr 154% more
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TVS Motor Tool Maker Salary 2 - 4 years exp. (7 salaries)	₹1 L/yr - ₹4.2 L/yr 2% more
Force Motors Tool Maker Salary 1 - 6 years exp. (3 salaries)	₹1.2 L/yr - ₹1.8 L/yr 24% less
Micro Plastics Tool Maker Salary 2 - 8 years exp. (44 salaries)	₹2 L/yr - ₹4.8 L/yr 117% more	1 job opening

Tool Maker salary at Mahindra & Mahindra ranges between ₹1.1 Lakh to ₹3.5 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 6 latest salaries received from various employees of Mahindra & Mahindra.

Experience wise Mahindra & Mahindra Tool Maker salaries

Last Updated: 4 Oct 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹0.7 L/yr - ₹2 L/yr
3 years (AmbitionBox Estimate)	₹0.7 L/yr - ₹2 L/yr
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4 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3.1 L/yr
6 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3 L/yr

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Salary related reviews for Mahindra & Mahindra

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

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

Design Engineer in Chennai

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 25 May 2023

3.0

for Salary and Benefits

Likes

Work life balance depends on you. work pressure is less. plenty of learning opportunities

Skill development - Excellent

+3 more

Dislikes

upper management can be a problem. no pay parity no role parity. GET PGET freshers are sometimes paid more than experienced lateral joiners.

Associate Engineer in Chennai

Full Time

Research & Development Department

5.0

• posted on 31 May 2019

5.0

for Salary and Benefits

Likes

...rt of a team. job security is over all ok. career growth, travel, leaning is ok. but salary is not satisfied. work life balance over all ok.

Salary - Excellent

+6 more

Dislikes

Salary and travel Negative things of our company in associates.

Design Engineer in Chengalpattu

Research & Development Department

3.0

• posted on 31 Oct 2022

1.0

for Salary and Benefits

Likes

Learning wise it is best company incase you are not bothered about salary and hike.

Skill development - Excellent

+2 more

Dislikes

You can learn but cant earn. Appraisal is not depends upon your achievements, talent and hard work. Work life balancing will not be satisfactory.

Salary - Bad

+2 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Mahindra & Mahindra Tool Maker Salary FAQs

What is the salary of Tool Maker at Mahindra & Mahindra ?

The average salary of a Tool Maker at Mahindra & Mahindra in India typically ranges from ₹1.1 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 2 years to 6 years).

The top 10% of Tool Maker at Mahindra & Mahindra earn more than ₹3.4 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Tool Maker 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 6 Mahindra & Mahindra employees in India.

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

The estimated take-home salary of a Tool Maker at Mahindra & Mahindra in India typically ranges from ₹12,102 to ₹13,419 per month. This is based on the average salary range of ₹1.1 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 2 years to 6 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 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 Maker in India?

Ashok Leyland	₹4.1 Lakhs to ₹5.2 Lakhs per year
Micro Plastics	₹2.0 Lakhs to ₹4.8 Lakhs per year
Tata Motors	₹1.8 Lakhs to ₹4.0 Lakhs per year
TVS Motor	₹1.0 Lakhs to ₹4.2 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 Maker in companies similar to Mahindra & Mahindra in India?

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

Force Motors

₹1.2 Lakhs to ₹1.8 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 Maker at Mahindra & Mahindra in India?

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

Experience	Average Salary Range
2 years	₹0.7 Lakhs to ₹2.0 Lakhs per year
3 years	₹0.7 Lakhs to ₹2.0 Lakhs per year
4 years	₹1.1 Lakhs to ₹3.5 Lakhs per year
5 years	₹1.1 Lakhs to ₹3.1 Lakhs per year

and so on.

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Mahindra & Mahindra Tool Maker Salaries

Mahindra & Mahindra Tool Maker salary in India ranges between ₹1.1 Lakh to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Mahindra & Mahindra latest salaries received from various employees of Mahindra & Mahindra.