Product Development Engineer
Annual salary range
₹1.5 Lakh - ₹7 Lakhs
High Confidence 
High Confidence means the data is based on a large number of latest salaries.
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Filter salaries byProduct Development Engineer Salary in Indore (Updated 2025)
based on 30
latest salaries
• updated:
15 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Product Development Engineer Salary in Indore ranges between ₹1.5 Lakh to ₹7 Lakhs for 1 year of experience to 6 years of experience. Salary estimates are based on 30 latest salaries received from Product Development...
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Top paying companies
Popular companies
Latest annual salaries
Salaries by experience
Jobs
available
Similar designations
Salary related reviews
Top interview questions
| Company name | Avg. annual salary | Open Jobs |
|---|---|---|
 | ||
Phenom Product Development Engineer Salary
2 years exp | | 2 job openings |
 Product Development Engineer Salary
2 years exp | | |
 Product Development Engineer Salary
2 years exp | | |
 Product Development Engineer Salary
2 years exp | | |
Is this list helpful? | ||
View more companies
| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
4 -
7
yrs
exp.
.
Indore
(7 salaries)
|
₹5.1 L/yr - ₹9.1 L/yr | |
1 -
3
yrs
exp.
.
Indore
(3 salaries)
|
₹3.2 L/yr - ₹4.1 L/yr | |
Login to view exact salary
| ||
1 -
3
yrs
exp.
.
Indore
(3 salaries)
|
₹3 L/yr - ₹3.5 L/yr | |
|
2 -
4
yrs
exp.
.
Indore
(3 salaries)
|
₹1.4 L/yr - ₹1.7 L/yr | |
5 -
6
yrs
exp.
.
Indore
(AmbitionBox Estimate)
|
₹3.8 L/yr - ₹4.8 L/yr | |
2 -
5
yrs
exp.
.
Indore
(AmbitionBox Estimate)
|
₹3 L/yr - ₹3.8 L/yr | |
|
2 yrs
exp.
.
Indore
(AmbitionBox Estimate)
|
₹3.6 L/yr - ₹4.6 L/yr | |
6 yrs
exp.
.
Indore
(AmbitionBox Estimate)
|
₹3.6 L/yr - ₹4.6 L/yr | |
Login to view exact salary
| ||
|
6 yrs
exp.
.
Indore
(AmbitionBox Estimate)
|
₹2.9 L/yr - ₹3.7 L/yr | |
4 yrs
exp.
.
Indore
(AmbitionBox Estimate)
|
₹4.1 L/yr - ₹5.2 L/yr | |
Latest annual salaries shared by Product Development Engineers
1d ago
Chaphekar Engineering
Product Development Engineer
2 years exp.
1d ago
Razorpay
Product Development Engineer
2 years exp.
2d ago
Comviva Technology
Product Development Engineer
1 year exp.
2d ago
Razorpay
Product Development Engineer
3 years exp.
2d ago
Bajaj Electricals
Product Development Engineer
5 years exp.
2d ago
Filtrec Bharat Manufacturing
Product Development Engineer
6 years exp.
2d ago
Octarange Technologies
Product Development Engineer
2 years exp.
2d ago
Filtrex Technologies
Product Development Engineer
5 years exp.
2d ago
INDO-MIM
Product Development Engineer
6 years exp.
2d ago
Ace Analytics
Product Development Engineer
3 years exp.
View all latest salaries
Product Development Engineer salaries by
| Years of experience | Avg. annual salary |
|---|---|
1
year
(3
salaries)
| ₹3.1 L/yr - ₹3.6 L/yr |
2
years
(10
salaries)
| ₹1.5 L/yr - ₹7 L/yr |
Login to view exact salary
| |
3
years
(3
salaries)
| ₹1.5 L/yr - ₹3.6 L/yr |
4
years
(4
salaries)
| ₹1.5 L/yr - ₹6 L/yr |
5
years
(6
salaries)
| ₹2.4 L/yr - ₹9.1 L/yr |
View all salaries by experience
Product Development Engineer Jobs in Indore
Product Development Engineer
· 2-7 years
TE Connectivity
Bangalore / Bengaluru
Product Development Engineer
· 3-7 years
Intel Technology India Pvt Ltd
Bangalore / Bengaluru
Product Development Engineer
· 5-7 years
COMCAST
Chennai
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
new Product Development Engineer Salary
1 -
7
years
exp.
(43 salaries)
| ₹2 L/yr - ₹5.6 L/yr |
Development Engineer Salary
1 -
8
years
exp.
(70 salaries)
| ₹2 L/yr - ₹11 L/yr |
Login to view exact salary
| |
Production Engineer Salary
1 -
8
years
exp.
(1.2k salaries)
| ₹1.6 L/yr - ₹5 L/yr |
Product Engineer Salary
1 -
7
years
exp.
(21 salaries)
| ₹2.2 L/yr - ₹14.3 L/yr |
Project Engineer Salary
1 -
9
years
exp.
(510 salaries)
| ₹2.1 L/yr - ₹7.2 L/yr |
View more similar designations
Salary related reviews by similar designations like Product Development Engineer
HCLTech
Software Engineer in Nagpur
• posted on 05 Dec 2024
Likes
Work life balance in HCL is really amazing.
- Work-life balance - Excellent
Dislikes
No other benifits and salary will be very less. Can't even imagine that this company will pay only this much and don't think about hikes.
read more- Skill development - Poor
+3 more
Phenom
Product Development Engineer in Hyderabad / Secunderabad
• posted on 08 Nov 2023
Likes
Phenom provides a platform where an individual can develop a product from scratch, starting from POC to system design to production ready
read more- Salary - Good
+5 more
Dislikes
Salary is not paid as you're worth
TE Connectivity
Product Development Engineer in Bangalore / Bengaluru
• posted on 22 Mar 2023
Likes
Company has a great work culture and work life balance. If you are a fresher to the company, it offers huge learning with the quality of work in here.
read more- Skill development - Excellent
+4 more
Dislikes
Compensation is less for the amount of work we contribute for.
HARMAN
Software Engineer in Bangalore / Bengaluru
• posted on 18 Sep 2023
Likes
Flexible hours, Have a peaceful hierarchy and connect to top management
- Skill development - Good
+5 more
Dislikes
Compensation is not great but not bad
UST
Software Engineer in Thiruvananthapuram
• posted on 12 Mar 2019
Likes
If you are kerala native, UST Global is best option.
- Skill development - Excellent
+4 more
Dislikes
If compensation is more important for you, UST Global might be bad option for you.
read moreTop skills for Product Development Engineer
Product Development Engineer Salary In Other Locations
| Locations | Avg. annual salary |
|---|---|
Bangalore / Bengaluru
Product Development Engineer
1 -
8
years
exp.
| ₹2.6 L/yr - ₹17.2 L/yr |
Pune
Product Development Engineer
1 -
8
years
exp.
| ₹2.1 L/yr - ₹12 L/yr |
Login to view exact salary
| |
Chennai
Product Development Engineer
1 -
8
years
exp.
| ₹1.9 L/yr - ₹12.4 L/yr |
Hyderabad / Secunderabad
Product Development Engineer
1 -
8
years
exp.
| ₹3.6 L/yr - ₹20 L/yr |
Coimbatore
Product Development Engineer
1 -
8
years
exp.
| ₹1.5 L/yr - ₹6.8 L/yr |
View More
Product Development Engineer Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Manufacturing Product Development Engineer
1 -
8
years
exp.
| ₹2 L/yr - ₹12.6 L/yr |
Internet Product Development Engineer
1 -
8
years
exp.
| ₹4.4 L/yr - ₹21 L/yr |
Login to view exact salary
| |
IT Services & Consulting Product Development Engineer
1 -
8
years
exp.
| ₹3.4 L/yr - ₹15 L/yr |
Software Product Product Development Engineer
1 -
8
years
exp.
| ₹3.5 L/yr - ₹18.9 L/yr |
Industrial Machinery Product Development Engineer
1 -
8
years
exp.
| ₹1.8 L/yr - ₹10.5 L/yr |
View More
Frequently Asked Questions (FAQS) about Product Development Engineer Salaries
What is the salary of a Product Development Engineer in India?
The salary of a Product Development Engineer in India varies based on experience, location, company & Industry.
On average, Product Development Engineer salaries ranges from ₹1.5 Lakhs to ₹7.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹1.5 Lakhs to ₹7.0 Lakhs per year, with the highest salary reaching ₹6.2 Lakhs to ₹16.0 Lakhs per year. Salary estimates are based on 30 salaries received from various Product Development Engineers across industries.
The average starting salary is around ₹1.5 Lakhs to ₹7.0 Lakhs per year, with the highest salary reaching ₹6.2 Lakhs to ₹16.0 Lakhs per year. Salary estimates are based on 30 salaries received from various Product Development Engineers across industries.
What are the top paying companies that employ Product Development Engineers?
Product Development Engineer Salaries at Top paying companies in India are
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
| WiSig Networks Product Development Engineer Salary | ₹6.2 Lakhs to ₹16 Lakhs per year |
| Phenom Product Development Engineer Salary | ₹6 Lakhs to ₹18.3 Lakhs per year |
| Razorpay Product Development Engineer Salary | ₹5 Lakhs to ₹12 Lakhs per year |
| Mahindra & Mahindra Product Development Engineer Salary | ₹3.5 Lakhs to ₹9.6 Lakhs per year |
| Envestnet Asset Management Product Development Engineer Salary | ₹6 Lakhs to ₹8.2 Lakhs per year |
What are the top paying cities for Product Development Engineer in India?
The annual salary for Product Development Engineer in India varies by location. Top paying cities for Product Development Engineer are
Salary expectations for Product Development Engineer may vary based on job roles, experience, and specific employer requirements.
| Product Development Engineer Salary in Bangalore / Bengaluru | ₹2.6 Lakhs to ₹17.2 Lakhs per year |
| Product Development Engineer Salary in Pune | ₹2.1 Lakhs to ₹12.0 Lakhs per year |
| Product Development Engineer Salary in Chennai | ₹1.9 Lakhs to ₹12.4 Lakhs per year |
| Product Development Engineer Salary in Hyderabad / Secunderabad | ₹3.6 Lakhs to ₹20.0 Lakhs per year |
| Product Development Engineer Salary in Coimbatore | ₹1.5 Lakhs to ₹6.8 Lakhs per year |
What are the top paying industries for Product Development Engineer in India?
Top 5 paying Industries for Product Development Engineer in India are:
| Product Development Engineer Salary in Manufacturing | ₹2.0 Lakhs to ₹12.6 Lakhs per year |
| Product Development Engineer Salary in Internet | ₹4.4 Lakhs to ₹21.0 Lakhs per year |
| Product Development Engineer Salary in IT Services & Consulting | ₹3.4 Lakhs to ₹15.0 Lakhs per year |
| Product Development Engineer Salary in Software Product | ₹3.5 Lakhs to ₹18.9 Lakhs per year |
| Product Development Engineer Salary in Industrial Machinery | ₹1.8 Lakhs to ₹10.5 Lakhs per year |
How does experience affect salaries of a Product Development Engineer in India?
Experience significantly impacts a Product Development Engineer salary in India. Salaries increase with experience, as Product Development Engineer take on more complex tasks, responsibilities, and leadership roles.
Product Development Engineer salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| 1 year | ₹3.1 Lakhs to ₹3.6 Lakhs per year |
| 2 years | ₹1.5 Lakhs to ₹7.0 Lakhs per year |
| 3 years | ₹1.5 Lakhs to ₹3.6 Lakhs per year |
| 4 years | ₹1.5 Lakhs to ₹6.0 Lakhs per year |
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