Volvo Chennai Design Engineer Salaries by 3 Employees

4 - 5 years exp.

₹7 Lakhs - ₹12.6 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

105% more than the average Design Engineer Salary in Automobile Companies for 4 - 5 years of experience

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Last Updated: 1 May 2024

Companies similar to Volvo for Design Engineer in Chennai

Volvo Design Engineer Salary

4 - 5 years exp. (3 salaries)

₹7 L/yr - ₹12.6 L/yr

Company name	Avg Annual Salary	Open Jobs
Mahindra & Mahindra Design Engineer Salary 1 - 7 years exp. (292 salaries)	₹2 L/yr - ₹9.2 L/yr 47% less
Daimler India Commercial Vehicles Design Engineer Salary 2 - 6 years exp. (75 salaries)	₹2.6 L/yr - ₹8.7 L/yr 54% less
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Ford Motor Design Engineer Salary 2 - 8 years exp. (72 salaries)	₹3 L/yr - ₹12 L/yr 32% less
Royal Enfield Design Engineer Salary 2 - 8 years exp. (36 salaries)	₹2.4 L/yr - ₹5.7 L/yr 65% less
Mahindra Automotives Design Engineer Salary 1 - 5 years exp. (32 salaries)	₹2.5 L/yr - ₹8 L/yr 52% less
Fiat Chrysler Automobiles Design Engineer Salary 1 - 8 years exp. (28 salaries)	₹3 L/yr - ₹8.1 L/yr 49% less
Yamaha Motor Design Engineer Salary 1 - 4 years exp. (5 salaries)	₹4 L/yr - ₹6.9 L/yr 56% less
Hyundai Motor India Limited Design Engineer Salary 2 - 4 years exp. (3 salaries)	₹2 L/yr - ₹6 L/yr 61% less
Fiat India Automobiles Design Engineer Salary 1 - 5 years exp. (3 salaries)	₹4 L/yr - ₹6 L/yr 56% less

Design Engineer salary at Volvo ranges between ₹7 Lakhs to ₹12.6 Lakhs per year for employees with experience between 4 years to 5 years. Salary estimates are based on 3 latest salaries received from various employees of Volvo.

Experience wise Volvo Design Engineer salaries in Chennai

Last Updated: 1 May 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.7 L/yr
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5 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.6 L/yr

From

Design Engineer

3 - 7 years exp.

Senior Design Engineer

4 - 11 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Top skills at Volvo for Design Engineer

Fmea System Design Functional Safety

Salary related reviews for Volvo

Software Engineer in Bangalore / Bengaluru

Full Time

Project & Program Management Department

2.0

• posted on 19 Nov 2024

2.0

for Salary and Benefits

Likes

Less work pressure No much work

Work-life balance - Excellent

Dislikes

Salary Fire the employees if they don't have assignment as they don't have bench concept. No respect for knowledge People who are in management aren't here for decades without upgradation so they feel threat if they find any knowledgeable person next to their position. Internal politics

Salary - Poor

+5 more

Quality Checker in Bangalore / Bengaluru

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4.0

• posted on 04 Jul 2024

3.0

for Salary and Benefits

Likes

It's a good company offering a stable job and provide food and travel also and the work experience is also good and the good thing is two week offs.

Work satisfaction - Good

+1 more

Dislikes

Contractual job is not a future and salary is just ok

Skill development - Poor

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Senior Manager in Bangalore / Bengaluru

Full Time

Product Management Department

5.0

• posted on 27 Oct 2023

1.0

for Salary and Benefits

Likes

Likeable things are few but quite attractive. Managers are a must to die for. (I felt like killing myself every day) They listen to everything in detail but there is no assurance that would be done till you work there.

Job security - Excellent

+1 more

Dislikes

Like everyone salary and bonus are not correctly mapped. Senior engineers are getting less paid than some junior engineers. I have no complaint as I'm considered as one of the junior engineers. They will raise your salary as soon as you get another job outside.

Salary - Bad

+2 more

Senior Manager in Bangalore / Bengaluru

Full Time

Procurement & Supply Chain Department

4.0

• posted on 08 May 2021

3.0

for Salary and Benefits

Likes

...can learn a lot and develop our skills and knowledge. Work life balance is good. Salary hike is also good. Global manager support a lot with carrier growth and opportunities.

Skill development - Good

+1 more

Dislikes

There is a lot of politics and favoritism. Management style in India is very bad. Traditional way of doing and old school though process and old mind set. No young leaders in management. Lack of vision and future by Volvo India. Deny opportunity for young leaders to grow in the company

AGM (Group Manager) - Chassis in Bangalore / Bengaluru

Full Time

Research & Development Department

5.0

• posted on 17 Dec 2024

4.0

for Salary and Benefits

Likes

It's employee centric and trust based organization with well work life balance, transparent, inclusive and very good work culture

Salary - Good

+6 more

Dislikes

It's a global organisation but some policies are regional or country specific. Insurance policies and pay package is comparatively low per

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Volvo Design Engineer Salary FAQs

How the salary growth look like for a Design Engineer at Volvo in Chennai?

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

Experience	Average Salary Range
4 years	₹9.2 Lakhs to ₹11.7 Lakhs per year
5 years	₹9.9 Lakhs to ₹12.6 Lakhs per year

and so on.

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Volvo Design Engineer Salaries in Chennai

Volvo Design Engineer salary in Chennai ranges between ₹7 Lakhs to ₹12.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Volvo latest salaries received from various employees of Volvo.