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Banco Products Mechanical Engineer salaries in Vadodara

Annual salary range
4 - 9 years exp.
₹1.5 Lakh - ₹4.1 Lakhs
Salary of majority employees
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52% less than the average Mechanical Engineer Salary in Auto Components Companies for 4 - 9 years of experience

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Last Updated: 4 Dec 2024

Companies similar to Banco Products for Mechanical Engineer in Vadodara

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Banco Products Mechanical Engineer Salary

4 - 9 years exp. (8 salaries)

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₹1.5 L/yr - ₹4.1 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Setco Automotive Mechanical Engineer Salary

3 - 5 years exp. (3 salaries)

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₹4 L/yr - ₹5 L/yr

arrow icon 95% more
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Ceat Tyres Mechanical Engineer Salary

0 - 9 years exp. (51 salaries)

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₹1.7 L/yr - ₹4.3 L/yr

arrow icon 27% more
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₹3.4 L/yr - ₹6 L/yr

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1 job opening
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₹1.8 L/yr - ₹10 L/yr

arrow icon 168% more
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₹1.5 L/yr - ₹9.6 L/yr

arrow icon 149% more
Mechanical Engineer salary at Banco Products ranges between ₹1.5 Lakh to ₹4.1 Lakhs per year for employees with experience between 4 years to 9 years. Salary estimates are based on 8 latest salaries received from various employees of Banco Products.

Latest annual salaries shared by Banco Products Mechanical Engineer in Vadodara

1mo ago
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6 years exp.
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5 years exp.
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6 years exp.
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4 years exp.
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9 years exp.
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4 years exp.

Experience wise Banco Products Mechanical Engineer salaries in Vadodara

Last Updated: 4 Dec 2024

Experience Avg Annual Salary
4 years  (3 salaries)

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₹1.5 L/yr - ₹3.1 L/yr
5 years (AmbitionBox Estimate)

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₹1.9 L/yr - ₹4.1 L/yr
6 years (AmbitionBox Estimate)

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₹2 L/yr - ₹4.1 L/yr
7 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.8 L/yr
8 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.8 L/yr
View all

Similar Designation salaries in Banco Products

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₹1.45 L/yr - ₹7 L/yr
Senior Engineer Salary
(27 salaries)
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₹3.5 L/yr - ₹8.1 L/yr
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₹4.55 L/yr - ₹7 L/yr
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₹2.4 L/yr - ₹4.1 L/yr
Technician Salary
(4 salaries)
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₹1.7 L/yr - ₹3.5 L/yr
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₹2.3 L/yr - ₹4 L/yr
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₹2.6 L/yr - ₹6 L/yr

Salary related reviews for Banco Products

1.0

Rated by 1 employees for salary & benefits

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.

read more

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.

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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.

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Part Time

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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.

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Dislikes

Pay Less and people frequently jump to other company .

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.

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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

read more

Dislikes

Compensation is decent, but growth is slow

see more salary related reviews

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Banco Products Mechanical Engineer Salary FAQs

What is the salary of Mechanical Engineer at Banco Products Vadodara?
Mechanical Engineer salary at Banco Products in Vadodara ranges between ₹1.5 Lakhs to ₹4.1 Lakhs for experience between 4 years to 9 years. According to our estimates it is 52% less than the average Mechanical Engineer Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Banco Products Vadodara.
How does the salary of a Mechanical Engineer at Banco Products Vadodara compare with the average salary range for this job?
The average salary of a Mechanical Engineer at Banco Products is 52% less than the average salary of a Mechanical Engineer in Vadodara. To know exact salary insights, login to view.
Which similar companies are paying more than Banco Products to a Mechanical Engineer in Vadodara?
  • Larsen & Toubro Limited Mechanical Engineer Salary - ₹1.8 Lakhs to ₹10.0 Lakhs per year
  • Reliance Industries Mechanical Engineer Salary - ₹1.5 Lakhs to ₹9.6 Lakhs per year
  • L&T Technology Services Mechanical Engineer Salary - ₹3.4 Lakhs to ₹6.0 Lakhs per year
  • Setco Automotive Mechanical Engineer Salary - ₹4.0 Lakhs to ₹5.0 Lakhs per year
  • Ceat Tyres Mechanical Engineer Salary - ₹1.7 Lakhs to ₹4.3 Lakhs per year
What is the estimated take home salary of a Mechanical Engineer at Banco Products in Vadodara?
The estimated take-home salary of a Mechanical Engineer at Banco Products ranges between ₹16,642 per month to ₹18,351 per month in Vadodara. The take-home salary calculation is based on the average Banco Products Mechanical Engineer salary in India which ranges between ₹1.5 Lakhs to ₹4.1 Lakhs per year for employees with experience between 4 years to 9 years. Check how did we calculate take home salary?
What is the notice period for Mechanical Engineer at Banco Products in Vadodara?
According to AmbitionBox, 83% of the Banco Products Mechanical Engineers in Vadodara reported a notice period of 1 Month, 17% reported a notice period of 15 days or less.This is based on 6 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Banco Products Mechanical Engineer salary in Vadodara ranges between ₹1.5 Lakh to ₹4.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 Banco Products latest salaries received from various employees of Banco Products.