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Annual salary range
2 - 11 years exp.
₹2.1
Lakhs - ₹4
Lakhs
Salary of majority employees
Avg. annual salary
Monthly In-hand Salary
new Product Development Engineer Salary at Magna Electro Castings ranges between ₹2.1 Lakhs to ₹4 Lakhs per year for employees with experience between 2 years to 11 years. Salary estimates are based on 8 latest...
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21% less than the average new Product Development Engineer Salary in Iron & Steel Companies for 2 - 11 years of experience
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Companies similar to Magna Electro Castings for new Product Development Engineer
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 NELCAST new Product Development Engineer Salary
9 - 14 years exp. (6 salaries) |  ₹4.5 L/yr - ₹6.1 L/yr 
63%
more | |
 INDO-MIM new Product Development Engineer Salary
0 - 5 years exp. (73 salaries) | ₹2.7 L/yr - ₹5.5 L/yr
23%
more | |
Login to view exact salary
| ||
 L.G.Balakrishnan & Bros new Product Development Engineer Salary
1 - 8 years exp. (40 salaries) | ₹2 L/yr - ₹4.7 L/yr
5%
more | |
 JBM Group new Product Development Engineer Salary
0 - 7 years exp. (31 salaries) | ₹1.3 L/yr - ₹5.7 L/yr At par | |
 Nash Industries new Product Development Engineer Salary
1 - 7 years exp. (27 salaries) | ₹1.8 L/yr - ₹6.8 L/yr
37%
more | |
Magna Electro Castings new Product Development Engineer salaries by
| Years of experience | Avg. annual salary |
|---|---|
| 2 years (AmbitionBox Estimate) |
₹2.9
L/yr
- ₹3.7
L/yr
|
| 3 years (AmbitionBox Estimate) |
₹2.9
L/yr
- ₹3.7
L/yr
|
Login to view exact salary
| |
| 4 years (AmbitionBox Estimate) |
₹2.9
L/yr
- ₹3.7
L/yr
|
| 5 years (AmbitionBox Estimate) |
₹2.9
L/yr
- ₹3.7
L/yr
|
| 6 years (AmbitionBox Estimate) |
₹2.9
L/yr
- ₹3.7
L/yr
|
View all salaries by experience
Similar Designation Salaries at Magna Electro Castings
| Similar Designation | Avg. annual salary |
|---|---|
Product Development Engineer Salary
(6 salaries)
| ₹1.8 L/yr - ₹4.9 L/yr |
Development Engineer Salary
(AmbitionBox Estimate)
| ₹2.5 L/yr - ₹3.2 L/yr |
Login to view exact salary
| |
Production Engineer Salary
(8 salaries)
| ₹2 L/yr - ₹6 L/yr |
Project Engineer Salary
(AmbitionBox Estimate)
| ₹2.7 L/yr - ₹3.5 L/yr |
Production Manager Salary
(5 salaries)
| ₹6 L/yr - ₹13.1 L/yr |
View more similar designations
Top trending discussions
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Salary Discussions, Hike & Promotions
1w
an executive
The day I found out my colleague earns 30% more for the same role
It was an accidental slip. A teammate mentioned her CTC while we were chatting casually. Same designation, same team, joined after me but her salary was almost 30% more. My stomach dropped.
I spent days debating whether to bring it up. I didn’t want to come off as insecure or difficult. But I also couldn’t un-know what I knew. Eventually, I had an honest, data-backed conversation with my manager. Turns out, I was right and they revised my pay.
It wasn’t easy, but it taught me this: silence doesn’t protect you. Companies run on numbers. If you don’t negotiate, you leave money on the table. Have you ever been in a similar spot? How did you navigate it?
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Magna Electro Castings new Product Development Engineer Salary FAQs
What is the salary of new Product Development Engineer at Magna Electro Castings ?
The average salary of a new Product Development Engineer at Magna Electro Castings in India typically ranges from ₹2.1 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 2 years to 11 years).
The top 10% of new Product Development Engineer at Magna Electro Castings earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. new Product Development Engineer Salaries at Magna Electro Castings 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 8 Magna Electro Castings employees in India.
The top 10% of new Product Development Engineer at Magna Electro Castings earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. new Product Development Engineer Salaries at Magna Electro Castings 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 8 Magna Electro Castings employees in India.
What is the estimated take home salary of a new Product Development Engineer at Magna Electro Castings in India?
The estimated take-home salary of a new Product Development Engineer at Magna Electro Castings in India typically ranges from ₹23,525 to ₹24,985 per month. This is based on the average salary range of
₹2.1 Lakhs to ₹4.0 Lakhs
per year for employees with experience ranging from 2 years to 11 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 8 salaries received from various employees of Magna Electro Castings. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Magna Electro Castings for new Product Development Engineer in India?
| NELCAST | ₹4.5 Lakhs to ₹6.1 Lakhs per year |
| Nash Industries | ₹1.8 Lakhs to ₹6.8 Lakhs per year |
| INDO-MIM | ₹2.7 Lakhs to ₹5.5 Lakhs per year |
| L.G.Balakrishnan & Bros | ₹2.0 Lakhs to ₹4.7 Lakhs per year |
These companies are known for offering competitive compensation packages that can exceed the salary offered by Magna Electro Castings, depending on the role and experience level.
What is the salary of a new Product Development Engineer in companies similar to Magna Electro Castings in India?
The salary of a new Product Development Engineer at companies similar to Magna Electro Castings in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:
These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
| JBM Group | ₹1.3 Lakhs to ₹5.7 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 new Product Development Engineer at Magna Electro Castings in India?
The salary growth for a new Product Development Engineer at Magna Electro Castings depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer can expect the following growth trajectory at Magna Electro Castings:
and so on.
| Experience | Average Salary Range |
|---|---|
| 2 years | ₹2.9 Lakhs to ₹3.7 Lakhs per year |
| 3 years | ₹2.9 Lakhs to ₹3.7 Lakhs per year |
| 4 years | ₹2.9 Lakhs to ₹3.7 Lakhs per year |
| 5 years | ₹2.9 Lakhs to ₹3.7 Lakhs per year |
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Magna Electro Castings new Product Development Engineer salary
in
India
ranges between ₹2.1
Lakhs to ₹4
Lakhs with an average annual salary of
₹
. Salary estimates are based on
8
Magna Electro Castings latest salaries received from various employees of
Magna Electro Castings.