Banco Products Mechanical Engg. Design Salaries by 5 Employees (Updated 2024)

1 - 5 years exp.

₹1.8 Lakh - ₹3.1 Lakhs

Salary of majority employees

56% less than the average Mechanical Engg. Design Salary in Auto Components Companies for 1 - 5 years of experience

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Last Updated: 16 Jun 2023

Companies similar to Banco Products for Mechanical Engg. Design

Company name	Avg Annual Salary	Open Jobs
Sharda Motor Industries Mechanical Engg. Design Salary 2 - 4 years exp. (4 salaries)	₹2.5 L/yr - ₹4.4 L/yr 47% more
UNO Minda Mechanical Engg. Design Salary 1 - 4 years exp. (4 salaries)	₹2.5 L/yr - ₹3.6 L/yr 16% more
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TVS Sundram Fasteners Mechanical Engg. Design Salary 0 - 5 years exp. (5 salaries)	₹1.1 L/yr - ₹3.2 L/yr 10% less
Bharat Forge Mechanical Engg. Design Salary 1 - 4 years exp. (4 salaries)	₹4 L/yr - ₹4.5 L/yr 74% more
Endurance Technologies Mechanical Engg. Design Salary 1 - 4 years exp. (6 salaries)	₹3 L/yr - ₹4.6 L/yr 64% more
ZF Commercial Vehicle Control Systems Mechanical Engg. Design Salary 3 - 9 years exp. (6 salaries)	₹6.9 L/yr - ₹13 L/yr 294% more
Shanthi Gears Mechanical Engg. Design Salary 1 - 5 years exp. (13 salaries)	₹1.8 L/yr - ₹2.5 L/yr 8% less
Hi Tech Gears Mechanical Engg. Design Salary 0 - 6 years exp. (9 salaries)	₹1.2 L/yr - ₹6 L/yr 68% more
Greaves Cotton Mechanical Engg. Design Salary 2 - 6 years exp. (9 salaries)	₹2.4 L/yr - ₹4.6 L/yr 63% more
Igarashi Motors Mechanical Engg. Design Salary 3 - 6 years exp. (6 salaries)	₹3 L/yr - ₹4 L/yr 59% more
JBM Group Mechanical Engg. Design Salary 2 - 9 years exp. (5 salaries)	₹3.4 L/yr - ₹7.5 L/yr 122% more
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Kinetic Engineering Mechanical Engg. Design Salary 2 - 5 years exp. (4 salaries)	₹2 L/yr - ₹6 L/yr 57% more
UCAL Fuel Systems Mechanical Engg. Design Salary 2 - 5 years exp. (4 salaries)	₹2.5 L/yr - ₹4 L/yr 27% more
India Nippon Electricals Mechanical Engg. Design Salary 4 - 6 years exp. (4 salaries)	₹3.3 L/yr - ₹4.8 L/yr 62% more
Magna International Mechanical Engg. Design Salary 0 - 6 years exp. (4 salaries)	₹3.8 L/yr - ₹6 L/yr 116% more
Subros Mechanical Engg. Design Salary 1 - 3 years exp. (3 salaries)	₹1.8 L/yr - ₹2.3 L/yr 13% less

Mechanical Engg. Design salary at Banco Products ranges between ₹1.8 Lakh to ₹3.1 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 5 latest salaries received from various employees of Banco Products.

Experience wise Banco Products Mechanical Engg. Design salaries

Last Updated: 16 Jun 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹0.8 L/yr - ₹2.4 L/yr
2 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.4 L/yr
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3 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.1 L/yr
4 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
5 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3.1 L/yr

Similar Designation salaries in Banco Products

Design & Development Engineer Salary

(7 salaries)

₹3.15 L/yr - ₹4.2 L/yr

Design Engineer Salary

(6 salaries)

₹3 L/yr - ₹4.5 L/yr

Executive Design Engineer Salary

(5 salaries)

₹3.6 L/yr - ₹4.5 L/yr

Senior Design & Development Engineer Salary

(4 salaries)

₹3.45 L/yr - ₹3.7 L/yr

Junior Modeller Salary

(3 salaries)

₹2.4 L/yr - ₹4.8 L/yr

Tool Design Engineer Salary

(3 salaries)

₹3 L/yr - ₹7.2 L/yr

Civil Design Engineer Salary

(3 salaries)

₹3.2 L/yr - ₹4 L/yr

NPD Engineer Salary

(AmbitionBox Estimate)

₹3.9 L/yr - ₹4.9 L/yr

Mechanical & Piping Draughtsman Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.8 L/yr

Tool Room Manager Salary

(AmbitionBox Estimate)

₹9.5 L/yr - ₹12.1 L/yr

Salary related reviews for Banco Products

1.0

Rated by 1 employees for salary & benefits

Middle Manager in Vadodara

Full Time

Research & Development Department

1.0

• posted on 12 Aug 2024

2.0

for Salary and Benefits

Likes

Nothing, it's very much akin to working under a marwadi. They pay you some salary in return they think that they own your entire personal life.

Dislikes

...to do manpower reduction every year (it has nothing to do with your performance. If your salary falls in their cutoff limit then you're gone), and does it so.

Maintenance Engineer in Vadodara

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 27 Jul 2020

1.0

for Salary and Benefits

Likes

most irritated part was job security,salary and culture is bit abusive . Dept Seniors are cooperative and very supportive specially HOD has caring nature and good attitude towards engineers. Pro and cons are detailed - Pros- vast opportunity for learners as there are plenty of good machines, equipment and technology. Work-life balance, canteen facility, Cons- job security and growth are major issue in company, workmans are abusive, high work load, no team work. No transport facility.

Regional Manager in Gurgaon / Gurugram

Part Time

Marketing & Communication Department

4.0

• posted on 21 Sep 2023

4.0

for Salary and Benefits

Likes

It is the oldest company and their USP is , to change according to market conditions and the results grabbed the major OEMs business by way of reforming internally.

Dislikes

Pay Less and people frequently jump to other company .

Purchase/Vendor Development Manager in Vadodara

Procurement & Supply Chain Department

3.0

• posted on 16 Apr 2021

1.0

for Salary and Benefits

Likes

On time Salary & Good market reputation in Automotive industry.

Dislikes

Here, there is no system at all. All the things is on paper only. Even HR is also involved in politics. Worse Management & No work life balance.

Accounts Officer

Finance & Accounting Department

4.0

• posted on 31 Jan 2019

4.0

for Salary and Benefits

Likes

Good organisation happy to work with good and experienced people very much helping nature and chance to learn much knowledge... Finally happy to work with Banco Products

Dislikes

Compensation is decent, but growth is slow

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Banco Products Mechanical Engg. Design Salary FAQs

What is the salary of Mechanical Engg. Design at Banco Products?

Mechanical Engg. Design salary at Banco Products in India ranges between ₹1.8 Lakhs to ₹3.1 Lakhs for experience between 1 years to 5 years. According to our estimates it is 56% less than the average Mechanical Engg. Design Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Banco Products India.

How does the salary of a Mechanical Engg. Design at Banco Products India compare with the average salary range for this job?

The average salary of a Mechanical Engg. Design at Banco Products is 56% less than the average salary of a Mechanical Engg. Design in India. To know exact salary insights, login to view.

Which similar companies are paying more than Banco Products to a Mechanical Engg. Design in India?

ZF Commercial Vehicle Control Systems Mechanical Engg. Design Salary - ₹6.9 Lakhs to ₹13.0 Lakhs per year
JBM Group Mechanical Engg. Design Salary - ₹3.4 Lakhs to ₹7.5 Lakhs per year
Magna International Mechanical Engg. Design Salary - ₹3.8 Lakhs to ₹6.0 Lakhs per year
Bharat Forge Mechanical Engg. Design Salary - ₹4.0 Lakhs to ₹4.5 Lakhs per year
Hi Tech Gears Mechanical Engg. Design Salary - ₹1.2 Lakhs to ₹6.0 Lakhs per year

What is the salary of a Mechanical Engg. Design in companies similar to Banco Products in India?

Endurance Technologies Mechanical Engg. Design Salary - ₹3.0 Lakhs to ₹4.6 Lakhs per year
Greaves Cotton Mechanical Engg. Design Salary - ₹2.4 Lakhs to ₹4.6 Lakhs per year
India Nippon Electricals Mechanical Engg. Design Salary - ₹3.3 Lakhs to ₹4.8 Lakhs per year
Igarashi Motors Mechanical Engg. Design Salary - ₹3.0 Lakhs to ₹4.0 Lakhs per year
Kinetic Engineering Mechanical Engg. Design Salary - ₹2.0 Lakhs to ₹6.0 Lakhs per year

What is the estimated take home salary of a Mechanical Engg. Design at Banco Products in India?

The estimated take-home salary of a Mechanical Engg. Design at Banco Products ranges between ₹15,977 per month to ₹17,629 per month in India. The take-home salary calculation is based on the average Banco Products Mechanical Engg. Design salary in India which ranges between ₹1.8 Lakhs to ₹3.1 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Mechanical Engg. Design at Banco Products?

According to AmbitionBox, 100% of the Banco Products Mechanical Engg. Designs reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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Banco Products Mechanical Engg. Design Salaries

Banco Products Mechanical Engg. Design salary in India ranges between ₹1.8 Lakh to ₹3.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Banco Products latest salaries received from various employees of Banco Products.