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

List of the colleges in which I can join Mass Communication course after 12th? Contact and fee details?

Hi, After 12th you can pursue the Bachelors in Mass Communication and Journalism. There is an option to pursue Diploma Courses but the Bachelor will b .. read more

Top institutes offering Bachelor in Mass communication and journalism?

HI, We are receiving more queries related to the Mass-communication and Journalism courses and colleges in India and abroad. There are many such insti .. read more

After B Com..? In a govt job age 30

Hello Ajay,  Looks like you have started working right after your graduation. As you have mentioned you are currently into a government job, but .. read more

Percentage of marks required in 12th for mass communication? Which are the entrance tests?

Hi, Have you completed your 12th from a recognized university? Or just perusing the same? The Mass-communication career field is really an interesting .. read more
Most Popular

If I start as a Computer Engineer, where should I see myself after five years, given that I keep working in same field?

Hi Swarali, Good question! In 5 years time; if you are working for a large Computer organization; You are likely to end as one of the following; 1. Sp .. read more

Do 12th board marks have any importance in jee mains

Hello, Thanks for Asking...!!   The Union Ministry of Human Resource (HRD Ministry) has decided that Class XII marks will not be a factor for det .. read more

I want to become a Bio Technologist. What is the eligibility criteria for that?

To become a BIO Technologist, Take a science in a high school: You have successfully completion of 10+2 in science After you can opt the graduation co .. read more

What are the off-campus placement opportunities for a Electronics & Communication Engineer student?

being as an engineer there are lot off opportunities , first of all you make a point where you want to build your career 1. software testing 2. softwa .. read more