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Volvo Principal Engineer salaries in India

Annual salary range
12 - 14 years exp.
₹30 Lakhs - ₹60 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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31% 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)
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₹33 L/yr - ₹60 L/yr

Engineering - Software & QA
Principal Engineer Salary
12 - 14 years exp. (3 salaries)
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₹30 L/yr - ₹35.7 L/yr

Last Updated: 11 Jan 2025

Companies similar to Volvo for Principal Engineer

Company name Avg Annual Salary Open Jobs
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Mahindra & Mahindra Principal Engineer Salary

16 - 23 years exp. (27 salaries)

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₹29 L/yr - ₹55 L/yr

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Ola Electric Mobility Principal Engineer Salary

11 - 16 years exp. (17 salaries)

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₹25 L/yr - ₹78 L/yr

arrow icon 34% more
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Mahindra Automotives Principal Engineer Salary

17 - 18 years exp. (3 salaries)

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₹28.5 L/yr - ₹45 L/yr

arrow icon 20% less
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HARMAN Principal Engineer Salary

8 - 16 years exp. (487 salaries)

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₹16.8 L/yr - ₹50.6 L/yr

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2 job openings
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₹12 L/yr - ₹30 L/yr

arrow icon 47% 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.

Latest annual salaries shared by Volvo Principal Engineer

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13 years exp.
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12 years exp.
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12 years exp.
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13 years exp.
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12 years exp.
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Experience wise Volvo Principal Engineer salaries

Last Updated: 11 Jan 2025

Experience Avg Annual Salary
12 years  (4 salaries)

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₹30 L/yr - ₹60 L/yr
13 years (AmbitionBox Estimate)

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₹35.7 L/yr - ₹60 L/yr
14 years (AmbitionBox Estimate)

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₹30 L/yr - ₹73.6 L/yr

Similar Designation salaries in Volvo

Senior Engineer Salary
(54 salaries)
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₹8 L/yr - ₹34 L/yr
Lead Engineer Salary
(30 salaries)
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₹8.5 L/yr - ₹29.25 L/yr
Principal Software Engineer Salary
(AmbitionBox Estimate)
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₹32.1 L/yr - ₹41.1 L/yr
Software Engineer Salary
(135 salaries)
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₹7.5 L/yr - ₹24 L/yr
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₹30 L/yr - ₹45.2 L/yr
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₹15.6 L/yr - ₹28.15 L/yr
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₹34 L/yr - ₹60 L/yr
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₹10.34 L/yr - ₹45 L/yr
Technical Lead Salary
(25 salaries)
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₹8.5 L/yr - ₹32 L/yr
Project Manager Salary
(16 salaries)
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₹14 L/yr - ₹25.85 L/yr

Salary related reviews for Volvo

3.2

Rated by 2 employees for salary & benefits

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

read more
  • Salary - Poor
    +5 more

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.

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  • Work satisfaction - Good
    +1 more

Dislikes

Contractual job is not a future and salary is just ok

  • Skill development - Poor
    +2 more

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.

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  • 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.

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  • Salary - Bad
    +2 more

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.

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  • 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

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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

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  • 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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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 31% 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 31% 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 - ₹16.8 Lakhs to ₹50.6 Lakhs per year
  • Mahindra Automotives Principal Engineer Salary - ₹28.5 Lakhs to ₹45.0 Lakhs per year
  • Hughes Systique Corporation Principal Engineer Salary - ₹12.0 Lakhs to ₹30.0 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.

Tell us how to improve this page.

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