Schaeffler India Manager M1 Salaries by 3 Employees (Updated 2024)

14 - 21 years exp.

₹15.9 Lakhs - ₹20 Lakhs

Low Confidence

Salary of majority employees

50% more than the average Manager M1 Salary in Auto Components Companies for 14 - 21 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Manager M1 Salary 21 years exp. (AmbitionBox Estimate)	₹18 L/yr - ₹22 L/yr
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Quality Assurance Manager M1 Salary 14 years exp. (AmbitionBox Estimate)	₹14.3 L/yr - ₹17.5 L/yr

Last Updated: 19 Dec 2024

Companies similar to Schaeffler India for Manager M1

Company name	Avg Annual Salary	Open Jobs
Bharat Forge Manager M1 Salary 15 - 25 years exp. (3 salaries)	₹9.3 L/yr - ₹10.1 L/yr 45% less
ICICI Bank Manager M1 Salary 1 - 17 years exp. (1.9k salaries)	₹4.5 L/yr - ₹17 L/yr 40% less
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Vodafone Idea Manager M1 Salary 1 - 14 years exp. (358 salaries)	₹4 L/yr - ₹14.5 L/yr 52% less
Axis Bank Manager M1 Salary 5 - 14 years exp. (155 salaries)	₹4.2 L/yr - ₹10.6 L/yr 55% less
HDFC Bank Manager M1 Salary 5 - 14 years exp. (154 salaries)	₹5 L/yr - ₹12.1 L/yr 53% less

Manager M1 salary at Schaeffler India ranges between ₹15.9 Lakhs to ₹20 Lakhs per year for employees with experience between 14 years to 21 years. Salary estimates are based on 3 latest salaries received from various employees of Schaeffler India.

Experience wise Schaeffler India Manager M1 salaries

Last Updated: 19 Dec 2024

Experience	Avg Annual Salary
14 years (AmbitionBox Estimate)	₹14.3 L/yr - ₹18.3 L/yr
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15+ years (AmbitionBox Estimate)	₹16.2 L/yr - ₹20.7 L/yr

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Salary related reviews for Schaeffler India

Deputy Manager in Hosur

Research & Development Department

3.0

• posted on 31 Oct 2020

3.0

for Salary and Benefits

Likes

Company is fully personal relationship oriented. During Covid-19 there was pay cut through pain sharing method (personal leave deducted) and work from home option was given for possible employees. HR decision were taken from central HR team. Apprisal for the previous year was cut and can't expect for this year also.

Dislikes

Company culture would have been more process oriented and not person dependent. Trying to be flexible to customer demand Skipping the development process and squeezing the Internal team is Not good and it largely affects the work life balance and employees relationship.

Production Engineer in Vadodara

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 23 Oct 2024

5.0

for Salary and Benefits

Likes

Only salary and benefits are good

Dislikes

Hopeless working culture. People having 15+ yrs of experience with 0 knowledge. And have Ego on the 7th floor. Diploma holders became manager by favouritism and do micro management. No planning only fire fighting. These all things are only applicable for Savli plant. In general schaeffler is Excellent organisation.

Senior Engineer in Pune

Full Time

Engineering - Software & QA Department

4.0

• posted on 17 Oct 2024

4.0

for Salary and Benefits

Likes

Technical Exposure is good here . Good Training provided to new joiners . Salary is competitive wrt teir 1 automotive companies.

Dislikes

Management is never in the favour of WFH . Some employees are hired at good positions , although they don`t seem to deserve it . HR department is useless , un-responsive and careless .

Quality Manager in Vadodara

Full Time

Quality Assurance Department

2.0

• posted on 16 Oct 2024

3.0

for Salary and Benefits

Likes

Salary and job security is good

Dislikes

Poor culture. Politics runs throughout the structure, no inclusivity for people from outside. Most of people managers would not let others go ahead. The culture is built so that the company and people are the last priority.

Senior Manager in Pune

Full Time

Key Accounts Department

4.0

• posted on 29 Oct 2022

2.0

for Salary and Benefits

Likes

Work culture, work life balance, better opportunities inside organisation for job change, new policies under experimental basis like hybrid working permantly, job rotation. Supportive and approachable senior management, worked with Schaeffler Hosur location business customer centric team

Dislikes

Poor growth plan for middle management, inequality in responsibility/work vs compensation.

see more salary related reviews

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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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Schaeffler India Manager M1 Salary FAQs

What is the notice period for Manager M1 at Schaeffler India?

According to AmbitionBox, 50% of the Schaeffler India Manager M1s reported a notice period of 3 Months, 50% reported a notice period of More than 3 months.This is based on 2 responses on AmbitionBox in last 2 years.

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Schaeffler India Manager M1 Salaries

Schaeffler India Manager M1 salary in India ranges between ₹15.9 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Schaeffler India latest salaries received from various employees of Schaeffler India.