MV Electrosystems Hardware Design Engineer Salaries by 4 Employees

4 - 6 years exp.

₹4.2 Lakhs - ₹4.3 Lakhs

Salary of majority employees

39% less than the average Hardware Design Engineer Salary for 4 - 6 years of experience

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Last Updated: 13 Nov 2023

Companies similar to MV Electrosystems for Hardware Design Engineer

Company name	Avg Annual Salary	Open Jobs
Marelli Hardware Design Engineer Salary 2 - 6 years exp. (4 salaries)	₹5.9 L/yr - ₹17.3 L/yr 154% more
HCLTech Hardware Design Engineer Salary 1 - 4 years exp. (265 salaries)	₹2 L/yr - ₹9 L/yr 45% more
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VVDN Technologies Hardware Design Engineer Salary 1 - 4 years exp. (134 salaries)	₹3.2 L/yr - ₹9.4 L/yr 27% more
L&T Technology Services Hardware Design Engineer Salary 2 - 5 years exp. (80 salaries)	₹3.3 L/yr - ₹8.5 L/yr 40% more
Valeo Hardware Design Engineer Salary 3 - 7 years exp. (80 salaries)	₹6 L/yr - ₹15 L/yr 147% more

Hardware Design Engineer salary at MV Electrosystems ranges between ₹4.2 Lakhs to ₹4.3 Lakhs per year for employees with experience between 4 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of MV Electrosystems.

Experience wise MV Electrosystems Hardware Design Engineer salaries

Last Updated: 13 Nov 2023

Experience	Avg Annual Salary
4 years (3 salaries)	₹3.8 L/yr - ₹4.9 L/yr
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6 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr

Similar Designation salaries in MV Electrosystems

Senior Design Engineer Salary

(5 salaries)

₹7.05 L/yr - ₹10.05 L/yr

Design Engineer Salary

(3 salaries)

₹4.3 L/yr - ₹11.7 L/yr

Senior Engineer Salary

(10 salaries)

₹5 L/yr - ₹10.3 L/yr

Electrical Engineer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Senior Software Engineer Salary

(3 salaries)

₹6.3 L/yr - ₹8 L/yr

Senior Mechanical Design Engineer Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Deputy Manager Salary

(3 salaries)

₹13 L/yr - ₹18.5 L/yr

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MV Electrosystems Hardware Design Engineer Salary FAQs

What is the salary of Hardware Design Engineer at MV Electrosystems ?

The average salary of a Hardware Design Engineer at MV Electrosystems in India typically ranges from ₹4.2 Lakhs to ₹4.3 Lakhs per year, depending on experience (from 4 years to 6 years).

The top 10% of Hardware Design Engineer at MV Electrosystems earn more than ₹4.3 Lakhs per year, and the top 1% earn over ₹4.3 Lakhs per year. Hardware Design Engineer Salaries at MV Electrosystems 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 4 MV Electrosystems employees in India.

What is the estimated take home salary of a Hardware Design Engineer at MV Electrosystems in India?

The estimated take-home salary of a Hardware Design Engineer at MV Electrosystems in India typically ranges from ₹31,439 to ₹32,732 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹4.3 Lakhs per year for employees with experience ranging from 4 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 4 salaries received from various employees of MV Electrosystems. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than MV Electrosystems for Hardware Design Engineer in India?

Marelli	₹5.9 Lakhs to ₹17.3 Lakhs per year
Valeo	₹6.0 Lakhs to ₹15.0 Lakhs per year
HCLTech	₹2.0 Lakhs to ₹9.0 Lakhs per year
L&T Technology Services	₹3.3 Lakhs to ₹8.5 Lakhs per year
VVDN Technologies	₹3.2 Lakhs to ₹9.4 Lakhs per year

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

How the salary growth look like for a Hardware Design Engineer at MV Electrosystems in India?

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

Experience	Average Salary Range
4 years	₹3.8 Lakhs to ₹4.9 Lakhs per year
6 years	₹3.8 Lakhs to ₹4.8 Lakhs per year

and so on.

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MV Electrosystems Hardware Design Engineer Salaries

MV Electrosystems Hardware Design Engineer salary in India ranges between ₹4.2 Lakhs to ₹4.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 MV Electrosystems latest salaries received from various employees of MV Electrosystems.