Bajaj Auto Manager new Product Development Salaries by 4 Employees

11 - 21 years exp.

₹24 Lakhs - ₹34 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

74% more than the average Manager new Product Development Salary in Automobile Companies for 11 - 21 years of experience

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Salaries in different departments

Procurement & Supply Chain Manager new Product Development Salary 11 - 21 years exp. (3 salaries)	₹24 L/yr - ₹34 L/yr
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Research & Development Manager new Product Development Salary 17 years exp. (AmbitionBox Estimate)	₹27 L/yr - ₹33 L/yr

Last Updated: 17 Jul 2023

Companies similar to Bajaj Auto for Manager new Product Development

Company name	Avg Annual Salary	Open Jobs
Mahindra & Mahindra Manager new Product Development Salary 13 - 20 years exp. (7 salaries)	₹15.5 L/yr - ₹35 L/yr 6% less
Ashok Leyland Manager new Product Development Salary 2 - 10 years exp. (6 salaries)	₹12 L/yr - ₹18.5 L/yr 46% less
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Maruti Suzuki Manager new Product Development Salary 9 - 11 years exp. (6 salaries)	₹17 L/yr - ₹34.4 L/yr 7% less	2 job openings
VE Commercial Vehicles Manager new Product Development Salary 14 - 19 years exp. (5 salaries)	₹20 L/yr - ₹24 L/yr 24% less
Tata Motors Manager new Product Development Salary 4 - 14 years exp. (5 salaries)	₹7.7 L/yr - ₹22 L/yr 52% less
TVS Motor Manager new Product Development Salary 12 - 16 years exp. (5 salaries)	₹14.5 L/yr - ₹18.6 L/yr 40% less
Ford Motor Manager new Product Development Salary 15 - 21 years exp. (3 salaries)	₹30 L/yr - ₹43.5 L/yr 21% more
Mahindra Automotives Manager new Product Development Salary 10 - 14 years exp. (3 salaries)	₹17.3 L/yr - ₹20 L/yr 37% less

Manager new Product Development salary at Bajaj Auto ranges between ₹24 Lakhs to ₹34 Lakhs per year for employees with experience between 11 years to 21 years. Salary estimates are based on 4 latest salaries received from various employees of Bajaj Auto.

Experience wise Bajaj Auto Manager new Product Development salaries

Last Updated: 17 Jul 2023

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹30.6 L/yr - ₹39.1 L/yr
12 years (AmbitionBox Estimate)	₹29.7 L/yr - ₹38 L/yr
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13 years (AmbitionBox Estimate)	₹28.8 L/yr - ₹36.8 L/yr
14 years (AmbitionBox Estimate)	₹27.8 L/yr - ₹35.6 L/yr
15+ years (3 salaries)	₹24 L/yr - ₹30 L/yr

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Salary related reviews for Bajaj Auto

Assistant Manager - R&D in Pune

Research & Development Department

1.0

• posted on 30 Jul 2022

1.0

for Salary and Benefits

Likes

Most negative work environment possible. They heavy reduced salary of employees by 55% in july 2020 and not reverted back till date. What else review is there to say about this company.

Dislikes

Nothing to like.

Salary - Bad

+6 more

Design Engineer in Pune

Research & Development Department

3.0

• posted on 08 May 2022

1.0

for Salary and Benefits

Likes

I was enjoying my work.

Skill development - Excellent

Dislikes

...k into it. Every team member was trying to keep me back except the organisation. When you serve the organization for more than 10 years you deserve to get some compensation. But Bajaj didn't give you that.

Salary - Bad

+3 more

Design Engineer in Akurdi, Pune

Full Time

Research & Development Department

1.0

• posted on 08 Nov 2022

1.0

for Salary and Benefits

Likes

Work life balance

Job security - Good

+1 more

Dislikes

*No hike *No appreciation *We have to work hard and managers take credit Totally irresponsible HRs they don't want to know anything about the employees happiness during tenure even they don't want meet any employees while leaving the company to take any feedback. *I waited for 1 month for my experience letter after taking many follow-ups. *I waited for more than two months for my PF amont after taking many follow ups neither I received it nor any reply from HRs *no growth *no extra curricular activities.

Salary - Bad

+3 more

R&D Engineer in Akurdi,Pune.

Research & Development Department

3.0

• posted on 05 Sep 2020

4.0

for Salary and Benefits

Likes

They did not suffer us from pandemic situation ,they gave us salary time to time

Salary - Good

+1 more

Dislikes

...tism is the only thing which will be affected in coming ears to all employees They reduced employees salary about 30-40% after covid crisis

Job security - Bad

+4 more

Divisional Manager in Pune

Full Time

Engineering - Software & QA Department

1.0

• posted on 11 Mar 2025

5.0

for Salary and Benefits

Likes

1. Salary. 2. Hikes - Gone with the wind from 2025.

Salary - Excellent

+1 more

Dislikes

...rk. 2. Too much nepotism in terms of prootions. 3. Vagwan ek hi hai (MD&CTO). 4. Salary and designation is just pain stupid. Everyone is a manager of some form. 5. Circus org.

Skill development - Bad

+4 more

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Salary Discussions, Hike & Promotions

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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Bajaj Auto Manager new Product Development Salary FAQs

What is the salary of Manager new Product Development at Bajaj Auto ?

The average salary of a Manager new Product Development at Bajaj Auto in India typically ranges from ₹24.0 Lakhs to ₹34.0 Lakhs per year, depending on experience (from 11 years to 21 years).

The top 10% of Manager new Product Development at Bajaj Auto earn more than ₹34.0 Lakhs per year, and the top 1% earn over ₹34.0 Lakhs per year. Manager new Product Development Salaries at Bajaj Auto 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 Bajaj Auto employees in India.

What is the estimated take home salary of a Manager new Product Development at Bajaj Auto in India?

The estimated take-home salary of a Manager new Product Development at Bajaj Auto in India typically ranges from ₹1,78,864 to ₹1,85,814 per month. This is based on the average salary range of ₹24.0 Lakhs to ₹34.0 Lakhs per year for employees with experience ranging from 11 years to 21 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 Bajaj Auto. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Bajaj Auto for Manager new Product Development in India?

Ford Motor

₹30.0 Lakhs to ₹43.5 Lakhs per year

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

What is the salary of a Manager new Product Development in companies similar to Bajaj Auto in India?

The salary of a Manager new Product Development at companies similar to Bajaj Auto in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Mahindra & Mahindra	₹15.5 Lakhs to ₹35.0 Lakhs per year
Maruti Suzuki	₹17.0 Lakhs to ₹34.4 Lakhs per year
VE Commercial Vehicles	₹20.0 Lakhs to ₹24.0 Lakhs per year
Mahindra Automotives	₹17.3 Lakhs to ₹20.0 Lakhs per year
TVS Motor	₹14.5 Lakhs to ₹18.6 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 Manager new Product Development at Bajaj Auto in India?

The salary growth for a Manager new Product Development at Bajaj Auto depends on factors such as experience, performance, and promotions. On average, a Manager new Product Development can expect the following growth trajectory at Bajaj Auto:

Experience	Average Salary Range
11 years	₹30.6 Lakhs to ₹39.1 Lakhs per year
12 years	₹29.7 Lakhs to ₹38.0 Lakhs per year
13 years	₹28.8 Lakhs to ₹36.8 Lakhs per year
14 years	₹27.8 Lakhs to ₹35.6 Lakhs per year

and so on.

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Bajaj Auto Manager new Product Development Salaries

Bajaj Auto Manager new Product Development salary in India ranges between ₹24 Lakhs to ₹34 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Bajaj Auto latest salaries received from various employees of Bajaj Auto.