Volvo Principal Engineer Salaries by 7 Employees (Updated 2024)

12 - 14 years exp.

₹30 Lakhs - ₹60 Lakhs

Low Confidence

Salary of majority employees

30% more than the average Principal Engineer Salary in Automobile Companies for 12 - 14 years of experience

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Salaries in different departments

Research & Development Principal Engineer Salary 12 - 13 years exp. (4 salaries)	₹33 L/yr - ₹60 L/yr
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Engineering - Software & QA Principal Engineer Salary 12 - 14 years exp. (3 salaries)	₹30 L/yr - ₹35.7 L/yr

Last Updated: 14 Dec 2024

Companies similar to Volvo for Principal Engineer

Company name	Avg Annual Salary	Open Jobs
Mahindra & Mahindra Principal Engineer Salary 16 - 23 years exp. (30 salaries)	₹29 L/yr - ₹55 L/yr 8% more
Ola Electric Mobility Principal Engineer Salary 11 - 17 years exp. (20 salaries)	₹25 L/yr - ₹78 L/yr 41% more
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HARMAN Principal Engineer Salary 9 - 16 years exp. (456 salaries)	₹17 L/yr - ₹50 L/yr 13% less	3 job openings
Oracle Principal Engineer Salary 9 - 17 years exp. (298 salaries)	₹16 L/yr - ₹56.1 L/yr 14% less	1 job opening
Wissen Technology Principal Engineer Salary 7 - 12 years exp. (254 salaries)	₹15.5 L/yr - ₹41 L/yr 27% less

Principal Engineer salary at Volvo ranges between ₹30 Lakhs to ₹60 Lakhs per year for employees with experience between 12 years to 14 years. Salary estimates are based on 7 latest salaries received from various employees of Volvo.

Experience wise Volvo Principal Engineer salaries

Last Updated: 14 Dec 2024

Experience	Avg Annual Salary
12 years (4 salaries)	₹30 L/yr - ₹60 L/yr
13 years (AmbitionBox Estimate)	₹35.7 L/yr - ₹60 L/yr
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14 years (AmbitionBox Estimate)	₹30 L/yr - ₹73.6 L/yr

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Salary related reviews for Volvo

4.0

Rated by 1 employees for salary & benefits

Quality Checker in Bangalore / Bengaluru

Full Time

Quality Assurance Department

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.

Dislikes

Contractual job is not a future and salary is just ok

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.

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.

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.

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

Principal ESW Application Engineer in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

5.0

• posted on 01 Oct 2023

4.0

for Salary and Benefits

Likes

Volvo is a ocean of knowledge, skills, process, roles etc. It all goes to the engineer how and which career path he choose. Volvo supports for all. Learning is another aspect which never end at Volvo. I enjoyed and enjoying both my technical leadership activities.

Dislikes

Not pay master but work satisfaction for all kind of roles can be found.

Graduate Apprentice Trainee in Hosakote

Intern

Procurement & Supply Chain Department

4.0

• posted on 22 Feb 2023

3.0

for Salary and Benefits

Likes

You can learn a lot of new things at your own pace as a fresher in your domain. Work-life balance is brilliant with not a lot of pressure.

Dislikes

The pay as a fresher is going to be low but once you are a permanent employee then it gets better

see more salary related reviews

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Salary Discussions, Hike & Promotions

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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Volvo Principal Engineer Salary FAQs

What is the salary of Principal Engineer at Volvo?

Principal Engineer salary at Volvo in India ranges between ₹30.0 Lakhs to ₹60.0 Lakhs for experience between 12 years to 14 years. According to our estimates it is 30% more than the average Principal Engineer Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Volvo India.

How does the salary of a Principal Engineer at Volvo India compare with the average salary range for this job?

The average salary of a Principal Engineer at Volvo is 30% more than the average salary of a Principal Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Volvo to a Principal Engineer in India?

Ola Electric Mobility Principal Engineer Salary - ₹25.0 Lakhs to ₹78.0 Lakhs per year
Mahindra & Mahindra Principal Engineer Salary - ₹29.0 Lakhs to ₹55.0 Lakhs per year

What is the salary of a Principal Engineer in companies similar to Volvo in India?

HARMAN Principal Engineer Salary - ₹17.0 Lakhs to ₹50.0 Lakhs per year
Oracle Principal Engineer Salary - ₹16.0 Lakhs to ₹56.1 Lakhs per year
Wissen Technology Principal Engineer Salary - ₹15.5 Lakhs to ₹41.0 Lakhs per year

What is the estimated take home salary of a Principal Engineer at Volvo in India?

The estimated take-home salary of a Principal Engineer at Volvo ranges between ₹2,43,369 per month to ₹2,53,236 per month in India. The take-home salary calculation is based on the average Volvo Principal Engineer salary in India which ranges between ₹30.0 Lakhs to ₹60.0 Lakhs per year for employees with experience between 12 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Principal Engineer at Volvo?

According to AmbitionBox, 50% of the Volvo Principal Engineers reported a notice period of 2 Months, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 4 responses on AmbitionBox in last 2 years.

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Volvo Principal Engineer Salaries

Volvo Principal Engineer salary in India ranges between ₹30 Lakhs to ₹60 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Volvo latest salaries received from various employees of Volvo.