Racer Tooling Industries Tool Engineer Salaries by 3 Employees (Updated 2025)

4 - 8 years exp.

₹3.3 Lakhs - ₹3.7 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

57% less than the average Tool Engineer Salary in Industrial Machinery Companies for 4 - 8 years of experience

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Last Updated: 1 Mar 2025

Companies similar to Racer Tooling Industries for Tool Engineer

Company name	Avg Annual Salary	Open Jobs
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 37% less
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KONE Tool Engineer Salary 3 - 5 years exp. (3 salaries)	₹4 L/yr - ₹5 L/yr 27% more
Molex Tool Engineer Salary 4 - 10 years exp. (43 salaries)	₹4.2 L/yr - ₹9.7 L/yr 74% more
INTERPLEX Tool Engineer Salary 5 - 10 years exp. (25 salaries)	₹3 L/yr - ₹5.4 L/yr 25% more

Tool Engineer salary at Racer Tooling Industries ranges between ₹3.3 Lakhs to ₹3.7 Lakhs per year for employees with experience between 4 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: 1 Mar 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
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8 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 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

(3 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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Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

115 participants . poll closed

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Racer Tooling Industries Tool Engineer Salary FAQs

How the salary growth look like for a Tool Engineer at Racer Tooling Industries in India?

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

Experience	Average Salary Range
4 years	₹2.9 Lakhs to ₹3.7 Lakhs per year
8 years	₹3.1 Lakhs to ₹4.0 Lakhs per year

and so on.

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Racer Tooling Industries Tool Engineer Salaries

Racer Tooling Industries Tool Engineer salary in India ranges between ₹3.3 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.