Racer Tooling Industries Tool Engineer Salaries by 3 Employees (Updated 2024)

2 - 8 years exp.

₹3.2 Lakhs - ₹3.7 Lakhs

Low Confidence

Salary of majority employees

56% less than the average Tool Engineer Salary in Industrial Machinery Companies for 2 - 8 years of experience

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Last Updated: 12 Dec 2023

Companies similar to Racer Tooling Industries for Tool Engineer

Company name	Avg Annual Salary	Open Jobs
Samvardhana Motherson Group Tool Engineer Salary 0 - 7 years exp. (11 salaries)	₹1.5 L/yr - ₹5.5 L/yr 13% less
Endurance Technologies Tool Engineer Salary 1 - 13 years exp. (3 salaries)	₹1.8 L/yr - ₹4.5 L/yr 18% less
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Tractors and Farm Equipment Tool Engineer Salary 1 - 9 years exp. (4 salaries)	₹1.5 L/yr - ₹7 L/yr 16% more
Lakshmi Machine Works Tool Engineer Salary 1 - 4 years exp. (3 salaries)	₹1.9 L/yr - ₹2.5 L/yr 36% less
KONE Tool Engineer Salary 3 - 6 years exp. (3 salaries)	₹4 L/yr - ₹5 L/yr 28% more

Tool Engineer salary at Racer Tooling Industries ranges between ₹3.2 Lakhs to ₹3.7 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 3 latest salaries received from various employees of Racer Tooling Industries.

Experience wise Racer Tooling Industries Tool Engineer salaries

Last Updated: 12 Dec 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
4 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
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8 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.3 L/yr

Similar Designation salaries in Racer Tooling Industries

Senior Engineer Salary

(4 salaries)

₹3.3 L/yr - ₹6 L/yr

Quality Engineer Salary

(4 salaries)

₹1.9 L/yr - ₹3.5 L/yr

Design Engineer Salary

(4 salaries)

₹2 L/yr - ₹4 L/yr

Tool Maker Salary

(4 salaries)

₹3.2 L/yr - ₹3.6 L/yr

Tool & DIE Maker Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Tool Room Trainee Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.8 L/yr

Technician Salary

(AmbitionBox Estimate)

₹2.6 L/yr - ₹3.3 L/yr

CNC Programmer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Supervisor Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

VMC Programmer Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.3 L/yr

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Racer Tooling Industries Tool Engineer Salary FAQs

What is the notice period for Tool Engineer at Racer Tooling Industries?

According to AmbitionBox, 100% of the Racer Tooling Industries Tool Engineers reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Racer Tooling Industries Tool Engineer Salaries

Racer Tooling Industries Tool Engineer salary in India ranges between ₹3.2 Lakhs to ₹3.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Racer Tooling Industries latest salaries received from various employees of Racer Tooling Industries.