Rico Auto Industries Apprentice Engineer Salaries by 4 Employees

0 - 2 years exp.

₹1.5 Lakh - ₹4 Lakhs

Low Confidence

Salary of majority employees

62% less than the average Apprentice Engineer Salary in Auto Components Companies for 0 - 2 years of experience

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Last Updated: 16 Mar 2023

Companies similar to Rico Auto Industries for Apprentice Engineer

Company name	Avg Annual Salary	Open Jobs
Endurance Technologies Apprentice Engineer Salary 0 - 3 years exp. (9 salaries)	₹1.2 L/yr - ₹2.5 L/yr 13% less
JBM Group Apprentice Engineer Salary 0 - 6 years exp. (6 salaries)	₹1.6 L/yr - ₹3.5 L/yr 26% more
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L.G.Balakrishnan & Bros Apprentice Engineer Salary 1 - 2 years exp. (4 salaries)	₹1.5 L/yr - ₹2.3 L/yr 4% less
Sundaram Clayton Apprentice Engineer Salary 1 - 4 years exp. (4 salaries)	₹1.8 L/yr - ₹2.2 L/yr 1% more
TVS Sundram Fasteners Apprentice Engineer Salary 0 - 4 years exp. (4 salaries)	₹1.5 L/yr - ₹2 L/yr 9% less
Subros Apprentice Engineer Salary 0 - 3 years exp. (4 salaries)	₹2 L/yr - ₹2.3 L/yr 12% more
Bharat Forge Apprentice Engineer Salary 1 - 5 years exp. (3 salaries)	₹1.8 L/yr - ₹3.9 L/yr 58% more

Apprentice Engineer salary at Rico Auto Industries ranges between ₹1.5 Lakh to ₹4 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 4 latest salaries received from various employees of Rico Auto Industries.

Experience wise Rico Auto Industries Apprentice Engineer salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹0.6 L/yr - ₹1.6 L/yr
1 year (AmbitionBox Estimate)	₹1.5 L/yr - ₹3.4 L/yr
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2 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4 L/yr

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Production Engineer Salary

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Associate Engineer Trainee Salary

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Production Manager Salary

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Graduate Engineer Trainee (Get) Salary

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Salary related reviews for Rico Auto Industries

3.1

Rated by 3 employees for salary & benefits

Apprentice

Quality Assurance Department

5.0

• posted on 13 Sep 2018

5.0

for Salary and Benefits

Likes

This company is open to innovation & Adopt latest technology.i love that I am a part of this company.this company have market reliable & high quality product.Another plus point is that my colleagues come from various cultural background & we work happily in collaboration.😊😊

Salary - Excellent

+6 more

Dislikes

Compensation is decent,but growth is slow.

Production Manager in Gurgaon / Gurugram

Production, Manufacturing & Engineering Department

4.0

• posted on 07 Sep 2017

3.0

for Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology. I love the fact that I am a part of a team that markets reliable, high quality products & has a global client base.

Skill development - Excellent

+5 more

Dislikes

Compensation is decent, but growth is slow.

Deputy General Manager in Gurgaon / Gurugram

Full Time

Finance & Accounting Department

3.0

• posted on 22 Apr 2022

3.0

for Salary and Benefits

Likes

No Pros about working at RICO

Job security - Good

Dislikes

Office Politics Non-Co-operative colleagues and seniors No growth in terms of salary Management do not value individuals strengths Office systems are worse No WFH Even during the peak covid time they asked employee to come to office without thinking about their family and lives.

Skill development - Bad

+3 more

Program Manager in Manesar

Project & Program Management Department

1.0

• posted on 21 Apr 2022

1.0

for Salary and Benefits

Likes

Cleanliness

Dislikes

Unorganised, unsupportive Management, zero learning, salary deduction without any notice. Forget your hard earned bonus without any explanation. not a policy driven unit of RICO group. Two years of bond. Deduction on FnF will not be explained. Bunch of literate but illeterate deptt head.

Salary - Bad

+6 more

DIE Fitter in Bawal

Research & Development Department

5.0

• posted on 13 May 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year

Salary - Excellent

+6 more

Dislikes

the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Rico Auto Industries Apprentice Engineer Salary FAQs

What is the salary of Apprentice Engineer at Rico Auto Industries ?

The average salary of a Apprentice Engineer at Rico Auto Industries in India typically ranges from ₹1.5 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 2 years).

The top 10% of Apprentice Engineer at Rico Auto Industries earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Apprentice Engineer Salaries at Rico Auto Industries 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 Rico Auto Industries employees in India.

What is the estimated take home salary of a Apprentice Engineer at Rico Auto Industries in India?

The estimated take-home salary of a Apprentice Engineer at Rico Auto Industries in India typically ranges from ₹13,286 to ₹14,705 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher to 2 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 Rico Auto Industries. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Rico Auto Industries for Apprentice Engineer in India?

Bharat Forge	₹1.8 Lakhs to ₹3.9 Lakhs per year
JBM Group	₹1.6 Lakhs to ₹3.5 Lakhs per year
Subros	₹2.0 Lakhs to ₹2.3 Lakhs per year
Sundaram Clayton	₹1.8 Lakhs to ₹2.2 Lakhs per year

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

What is the salary of a Apprentice Engineer in companies similar to Rico Auto Industries in India?

The salary of a Apprentice Engineer at companies similar to Rico Auto Industries in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

L.G.Balakrishnan & Bros	₹1.5 Lakhs to ₹2.3 Lakhs per year
TVS Sundram Fasteners	₹1.5 Lakhs to ₹2.0 Lakhs per year
Endurance Technologies	₹1.2 Lakhs to ₹2.5 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 Apprentice Engineer at Rico Auto Industries in India?

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

Experience	Average Salary Range
Fresher	₹0.6 Lakhs to ₹1.6 Lakhs per year
1 year	₹1.5 Lakhs to ₹3.4 Lakhs per year
2 years	₹1.6 Lakhs to ₹4.0 Lakhs per year

and so on.

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Rico Auto Industries Apprentice Engineer Salaries

Rico Auto Industries Apprentice Engineer salary in India ranges between ₹1.5 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Rico Auto Industries latest salaries received from various employees of Rico Auto Industries.