Volvo Trucks Mechanical Engg. Design Salaries by 4 Employees

1 - 5 years exp.

₹6.8 Lakhs - ₹9.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

51% more than the average Mechanical Engg. Design Salary in Automobile Companies for 1 - 5 years of experience

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Last Updated: 12 Dec 2024

Companies similar to Volvo Trucks for Mechanical Engg. Design

Company name	Avg Annual Salary	Open Jobs
Volvo Mechanical Engg. Design Salary 5 - 10 years exp. (9 salaries)	₹8 L/yr - ₹15.6 L/yr 64% more
Rolls-Royce Mechanical Engg. Design Salary 4 - 7 years exp. (6 salaries)	₹4.8 L/yr - ₹11 L/yr 9% less
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General Motors Mechanical Engg. Design Salary 1 - 4 years exp. (5 salaries)	₹4 L/yr - ₹5.3 L/yr 44% less
AVL Mechanical Engg. Design Salary 3 - 7 years exp. (4 salaries)	₹5.5 L/yr - ₹7 L/yr 23% less
Bajaj Motors Mechanical Engg. Design Salary 8 - 11 years exp. (4 salaries)	₹3.2 L/yr - ₹4.5 L/yr 48% less
Hero Motors Company Mechanical Engg. Design Salary 3 - 7 years exp. (4 salaries)	₹7.5 L/yr - ₹15.5 L/yr 38% more
Captain Tractors Mechanical Engg. Design Salary 1 - 4 years exp. (3 salaries)	₹2.7 L/yr - ₹3.6 L/yr 59% less
Hyundai Motor India Limited Mechanical Engg. Design Salary 2 - 3 years exp. (3 salaries)	₹1.2 L/yr - ₹6 L/yr 45% less

Mechanical Engg. Design salary at Volvo Trucks ranges between ₹6.8 Lakhs to ₹9.5 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Volvo Trucks.

Experience wise Volvo Trucks Mechanical Engg. Design salaries

Last Updated: 12 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
2 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
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3 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9 L/yr
4 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr
5 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr

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Salary related reviews for Volvo Trucks

Lead Engineer in Bangalore / Bengaluru

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 14 Feb 2023

4.0

for Salary and Benefits

Likes

Good Projects Work life balance No micromanagement. Respect for each other. Best employee policies Awesome team members Good Employee benefits Best working environment.

Salary - Good

+5 more

Dislikes

Salary is not best in the industry. Very small factor in terms of the positives they provide. I choose the positives over the salary.

Deputy Manager in Bangalore / Bengaluru

Full Time

Media Production & Entertainment Department

4.0

• posted on 05 Aug 2024

3.0

for Salary and Benefits

Likes

Company culture Chances to visit abroad for most of the export projects. Canteen food is paid but sudexo food quality is really good. Flexible working hrs

Skill development - Good

+2 more

Dislikes

Compensation Opportunities for growth Too much swedish influence on decision making

Purchase Associate in Bangalore / Bengaluru

Full Time

Procurement & Supply Chain Department

2.0

• posted on 16 Aug 2023

1.0

for Salary and Benefits

Likes

1) office timings are flexible 2) good Swedish culture with Indian Tadka 3) good work environment

Skill development - Good

+2 more

Dislikes

1) work life balance is worst 2) salary and appreciation are poor 3) Stick to same work and dont get to learn new 4) people are diplomatic

Salary - Bad

+3 more

Senior Geometrical Architect in Bangalore / Bengaluru

Full Time

Research & Development Department

4.0

• posted on 29 Nov 2024

3.0

for Salary and Benefits

Likes

Excellent Work life balance Opportunity to work with global teams Good company culture

Job security - Excellent

+2 more

Dislikes

Learning opportunities are limited in some jobs Promotion & appraisal is not as per the industry standards Salary is below industry standards

Area Engineer - Customer Service in Ramagundam

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 22 Jul 2024

1.0

for Salary and Benefits

Likes

Worst Politics in the Field Area offices especially at Ramagundam. Bucketing system and always targeting to sub ordinates and treating like anything.

Dislikes

In Bottom to too management will knows the what happening inside the Field teams. No salary hikes for bottom level employees. Mainly at Ramagundam, Manager is never transferred from the base location from 6yrs onwards , due to his politics into the system. He treating sub ordinates like anything and listening the others and blaming to gud employees

Salary - Bad

+6 more

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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 Trucks Mechanical Engg. Design Salary FAQs

What is the salary of Mechanical Engg. Design at Volvo Trucks ?

The average salary of a Mechanical Engg. Design at Volvo Trucks in India typically ranges from ₹6.8 Lakhs to ₹9.5 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Mechanical Engg. Design at Volvo Trucks earn more than ₹9.5 Lakhs per year, and the top 1% earn over ₹9.5 Lakhs per year. Mechanical Engg. Design Salaries at Volvo Trucks 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 Volvo Trucks employees in India.

What is the estimated take home salary of a Mechanical Engg. Design at Volvo Trucks in India?

The estimated take-home salary of a Mechanical Engg. Design at Volvo Trucks in India typically ranges from ₹58,411 to ₹59,883 per month. This is based on the average salary range of ₹6.8 Lakhs to ₹9.5 Lakhs per year for employees with experience ranging from 1 year to 5 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 Volvo Trucks. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Volvo Trucks for Mechanical Engg. Design in India?

Volvo	₹8.0 Lakhs to ₹15.6 Lakhs per year
Hero Motors Company	₹7.5 Lakhs to ₹15.5 Lakhs per year

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

What is the salary of a Mechanical Engg. Design in companies similar to Volvo Trucks in India?

The salary of a Mechanical Engg. Design at companies similar to Volvo Trucks in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Rolls-Royce	₹4.8 Lakhs to ₹11.0 Lakhs per year
AVL	₹5.5 Lakhs to ₹7.0 Lakhs per year
General Motors	₹4.0 Lakhs to ₹5.3 Lakhs per year
Hyundai Motor India Limited	₹1.2 Lakhs to ₹6.0 Lakhs per year
Bajaj Motors	₹3.2 Lakhs to ₹4.5 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 Mechanical Engg. Design at Volvo Trucks in India?

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

Experience	Average Salary Range
1 year	₹6.1 Lakhs to ₹7.8 Lakhs per year
2 years	₹6.5 Lakhs to ₹8.3 Lakhs per year
3 years	₹7.1 Lakhs to ₹9.0 Lakhs per year
4 years	₹7.7 Lakhs to ₹9.8 Lakhs per year

and so on.

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Volvo Trucks Mechanical Engg. Design Salaries

Volvo Trucks Mechanical Engg. Design salary in India ranges between ₹6.8 Lakhs to ₹9.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Volvo Trucks latest salaries received from various employees of Volvo Trucks.