Sahil Sharma

What is a typical salary structure of an average Automobile Engineer?

Can you cover every detail in a answer

by Sahil Sharma
1 answer
| Share :

1 answer

RE: What is a typical salary structure of an average Automobile Engineer?

Rahul Shinde
Rahul Shinde
Verified Career Expert
Career Consultant at Pinnacle School of Business Management
  • Thane

Dear Sir/Madam,




Greeting's for the day!!!




The Indian Automobile Industry is going through a phase of rapid change and high growth. With new projects coming up on regular basis, the industry is undergoing technological change. The major players are expanding their plants and focusing on mass customization, mass production, etc.




Investment in Auto Sector:


Nearly every automobile company is investing at higher rate than ever before to achieve high growth trajectory. The overall investment in the sector has been increasing quite rapidly. It is expected that by the end of 2015 Indian automobile Sector will be investing a huge amount as Rs. 35,000 crores.




Growth in the Sector:


At present the industry is enjoying a growth rate of 14-17% per annum, with domestic sales growth at 12.8%. The growth rate is predicted to double by 2015.




As it is seen, the total sales of passenger vehicle cars, utility vehicles, multi-utility vehicles in the year has increased in such a way that they have overtake Germany and Japan in Sales volumes.




Financing schemes have become an important factor in the growth of automobile sales. More and more financial schemes are coming up with easy installment plans to lure the customers.




Apart from domestic production, the industry is consistently focusing on the automobile exports. The auto component segment is contributing a lot in the export arena. The liberalized policies of the government are now making the companies go for more and more exports.




Employment in the Sector:


Investment is leading to the employment growth in the sector. With the emergence of new projects and introduction of technological advancements, the focus is more on the skilled and experienced human resource. The companies are looking for skilled and hardworking people who can give their best to the organization.




The Engineers in the Automotive or Electrical or Mechanical field are in demand. Some of the firms going for automation. i.e. planing for CAD (Computer Aided Design) systems, are also recruiting peoples from IT specializations.




The Automobile Engineers Freshers can start at salary upto 20K per month. Pay rates vary within the industry and according to the level of responsibility. This is a highly skilled and specialized jobs. Opportunities can exists in abroad too. Person with 5 Years of Work Experience, can earn around 40-50K per month depending upon the Job Profile and can lead Mid Level Management Positions.




Further doubts or queries feel free to contact.




--


Regards,


Rahul.

In order to post replies to the question: "What is a typical salary structure of an average Automobile Engineer?"

Post Reply

Latest ANSWERS

Which are the best countries to study MBA abroad?

Dear Gautam,                USA is always be a better choice but for entering into top Universities in USA you .. read more

Which is the best college in India for doing Pharma MBA?

Dear Raghav,                     I would suggest for doing Pharma MBA you need to get good percentil .. read more

How can i get top rank in jee main ?

Dear Chain, I would suggest you should give equal importance to all your subjects like Math., Chem & Physics. & try to focus for knowing funda .. read more

entrepreneurship courses india

Dear Sonu, I would suggest few of good institutions are offering Entrepreneurship Courses in India   EDI - Entrepreneurship Development Institute .. read more
Most Popular

How is the typical day of a Tourist Guide/Manager ?

Tour guides work in the travel industry, giving guided tours to groups of visitors. They are experts on the history of the location and offer their to .. read more

What is the eligibility criteria to be a Geologist?

Someone who's interested and concerned with Earth's natural resources may want to look into a career as a geologist. Geologists study the Earth to gai .. read more

What should choose between Software developer and Bank PO

We can compare both by the following factors. 1. On the basis of Salary: Starting salary for Bank PO Job - 38,000 – 42,000 Starting salary for I .. read more

I complete my graduation n I want to know what do after b.comi have a interest in upsc exam but side by side other options r available fr m?

Hey, Just completing your graduation is not a big deal and you should even choose further options to grow in skills, knowledge and personality. Here a .. read more