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Banco Products Production Engineer salaries in India (Updated 2025)

Annual salary range
0 - 8 years exp.
₹1.5 Lakh - ₹7.3 Lakhs
Salary of majority employees
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Fixed (90%)
₹3.4 Lakhs
Variable (10%)
₹0.4 Lakh
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At par with the average Production Engineer Salary in Auto Components Companies for 0 - 8 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering
Production Engineer Salary
0 - 8 years exp. (66 salaries)
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₹1.5 L/yr - ₹7.3 L/yr

Project & Program Management
Production Engineer Salary
1 - 4 years exp. (7 salaries)
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₹1.5 L/yr - ₹3.9 L/yr

Quality Assurance
Production Engineer Salary
1 - 3 years exp. (AmbitionBox Estimate)
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₹2 L/yr - ₹4.4 L/yr

Research & Development
Production Engineer Salary
2 - 4 years exp. (AmbitionBox Estimate)
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₹2 L/yr - ₹4.6 L/yr

Last Updated: 15 Mar 2025

Companies similar to Banco Products for Production Engineer

Company name Avg Annual Salary Open Jobs
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Subros Production Engineer Salary

1 - 12 years exp. (343 salaries)

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₹1.2 L/yr - ₹6.9 L/yr

arrow icon 7% less
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JBM Group Production Engineer Salary

0 - 8 years exp. (325 salaries)

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₹1.1 L/yr - ₹6 L/yr

arrow icon 3% less
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Varroc Group Production Engineer Salary

2 - 11 years exp. (210 salaries)

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₹1 L/yr - ₹6.5 L/yr

arrow icon 14% more
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₹1.2 L/yr - ₹7.3 L/yr

arrow icon 10% more
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Shivam Autotech Production Engineer Salary

1 - 8 years exp. (94 salaries)

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₹2 L/yr - ₹4.5 L/yr

arrow icon 9% less
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Fiem Industries Production Engineer Salary

5 - 10 years exp. (86 salaries)

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₹2.2 L/yr - ₹7 L/yr

arrow icon 7% more
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₹2.1 L/yr - ₹5.5 L/yr

arrow icon 6% less
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₹1.8 L/yr - ₹6 L/yr

arrow icon 7% more
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₹1.2 L/yr - ₹6 L/yr

arrow icon 14% less
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Talbros Production Engineer Salary

1 - 7 years exp. (44 salaries)

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₹2 L/yr - ₹5 L/yr

arrow icon 8% less
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Alicon Castalloy Production Engineer Salary

1 - 7 years exp. (35 salaries)

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₹1.8 L/yr - ₹5.5 L/yr

arrow icon 16% less
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₹2.1 L/yr - ₹6.6 L/yr

arrow icon 10% more
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UCAL Fuel Systems Production Engineer Salary

1 - 10 years exp. (28 salaries)

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₹1 L/yr - ₹6.5 L/yr

arrow icon 13% less
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Hi Tech Gears Production Engineer Salary

2 - 12 years exp. (27 salaries)

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₹2.8 L/yr - ₹5.1 L/yr

arrow icon 5% more
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₹1.6 L/yr - ₹4.6 L/yr

arrow icon 18% less
1 job opening
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Goodyear Production Engineer Salary

0 - 7 years exp. (21 salaries)

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₹1.5 L/yr - ₹6 L/yr

arrow icon 1% less
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Greaves Cotton Production Engineer Salary

1 - 11 years exp. (20 salaries)

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₹1.2 L/yr - ₹5.8 L/yr

arrow icon 27% less
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MARK EXHAUST SYSTEMS Production Engineer Salary

1 - 10 years exp. (18 salaries)

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₹2.1 L/yr - ₹4.7 L/yr

arrow icon 6% less
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Viney Corporation Production Engineer Salary

0 - 8 years exp. (18 salaries)

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₹2.1 L/yr - ₹3.6 L/yr

arrow icon 24% less
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₹3.1 L/yr - ₹4.2 L/yr

At par
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Production Engineer salary at Banco Products ranges between ₹1.5 Lakh to ₹7.3 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 88 latest salaries received from various employees of Banco Products.

Latest annual salaries shared by Banco Products Production Engineer

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Experience wise Banco Products Production Engineer salaries

Last Updated: 15 Mar 2025

Experience Avg Annual Salary
Fresher  (5 salaries)

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₹2.3 L/yr - ₹3 L/yr
1 year  (12 salaries)

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₹1.5 L/yr - ₹3 L/yr
2 years  (19 salaries)

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₹1.5 L/yr - ₹4.2 L/yr
3 years  (8 salaries)

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₹2.5 L/yr - ₹4.4 L/yr
4 years  (10 salaries)

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₹2 L/yr - ₹6 L/yr
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Similar Designation salaries in Banco Products

Production Officer Salary
(AmbitionBox Estimate)
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₹1.6 L/yr - ₹2.1 L/yr
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₹7.5 L/yr - ₹17.5 L/yr
Graduate Engineer Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.4 L/yr
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₹4.55 L/yr - ₹7 L/yr
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₹2.5 L/yr - ₹5.5 L/yr
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₹2.5 L/yr - ₹7.4 L/yr
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₹1.75 L/yr - ₹3.12 L/yr
Senior Engineer Salary
(32 salaries)
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₹3.5 L/yr - ₹8.1 L/yr
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₹1.2 L/yr - ₹3.2 L/yr
Assistant Engineer Salary
(AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr

Top skills at Banco Products for Production Engineer

Welding Inspection Paint Shop Manpower Handling Powder Coating Welding Engineering Welding Metallurgy

Salary related reviews for Banco Products

2.5

Rated by 18 employees for salary & benefits

Full Time

 · 

Marketing & Communication Department

2.0
  •  posted on 29 Jan 2025

3.0
 for  Salary and Benefits

Likes

Salary day (4th Day of Every Month): The Only Good thing

Dislikes

- The Working Culture: The primitive mindset - I pay you, so I own you. - The working time: Official business hours -- 09:00 am to 5:30 pm. Unofficial business hours: 09:00 pm to 08:00 pm or more. If you leave by 06:00 pm - you will possibly get a call the same day or a comment from them the next working Day asking why did you leave early. They never respect people's time or understand that apart from work, there is a life. - Decision Making: For every nooks & small stuffs, the approval was required from "CEO". I never understood, what's the point of Appointing people in "President" post then. It seemed to me that, management don't trust their own management people (President / Vice President) - Toilets / Washroom: The washroom (both Ladies / Gents) across Offices & plants were at worst conditions. - Working Infrastructure: Old Cracked walls in the main buildings and no-body knows when was the last time, the curtains were washed. The chairs were really old and non of them were in proper condition. The desk are old but manageable. - AC Working Temperature: The temperature in Vadodara reaches really high in summer (in the range of 40 deg C to ~49 Deg C) and people used to keep the AC working in 28degC / 29degC in our marketing department. I used to suffocate a lot -- Such pathetic condition. Even witnessed few departments, where AC is present only for the Boss's cabin and rest of other people used to under fan which was really painful. Such inhuman conditions. I feel pity for those people actually. - Working Days: Whatsoever may happen - there will be 26 Working Days in a month. If a national holiday / public holiday is there in working day, it will be compensated by making people work on Sundays. The holidays / weekly off are decided in the beginning of each month - so technically, you cannot plan for any holidays in Advance. I am in better place now -- But I feel really pity for the people who are working over there, in such in-human conditions.

read more
  • Skill development - Poor
  • +5 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.

read more

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.

read more
  • Salary - Poor
  • +6 more

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
  • Skill development - Excellent
  • +1 more

Dislikes

  • Salary - Bad
  • Job security - Bad
  • +2 more

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.

read more
  • Salary - Good
  • +6 more

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.

  • Job security - Good

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.

read more
  • Salary - Bad
  • +5 more
see more salary related reviews

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Banco Products Production Engineer Salary FAQs

What is the salary of Production Engineer at Banco Products ?
The average salary of a Production Engineer at Banco Products in India typically ranges from ₹1.5 Lakhs to ₹7.3 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Production Engineer at Banco Products earn more than ₹5.2 Lakhs per year, and the top 1% earn over ₹7.2 Lakhs per year. Production Engineer Salaries at Banco Products 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 80+ Banco Products employees in India.
What is the estimated take home salary of a Production Engineer at Banco Products in India?
The estimated take-home salary of a Production Engineer at Banco Products in India typically ranges from ₹27,910 to ₹29,306 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹7.3 Lakhs per year for employees with experience ranging from Fresher to 8 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 80+ salaries received from various employees of Banco Products. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Production Engineer at Banco Products ?
To be a Production Engineer at Banco Products in india, the key skills required include:

  • - Welding Inspection
  • - Paint Shop
  • - Manpower Handling
  • - Powder Coating
  • - Welding Engineering

These skills are highly valued at Banco Products and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Banco Products for Production Engineer in India?
Panasonic Energy India Co ₹5.9 Lakhs to ₹6.8 Lakhs per year
Setco Automotive ₹3.5 Lakhs to ₹8.2 Lakhs per year
Varroc Group ₹1.0 Lakhs to ₹6.5 Lakhs per year
Endurance Technologies ₹1.2 Lakhs to ₹7.3 Lakhs per year
Sundaram Auto Components ₹2.1 Lakhs to ₹6.6 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Banco Products, depending on the role and experience level.
What is the salary of a Production Engineer in companies similar to Banco Products in India?
The salary of a Production Engineer at companies similar to Banco Products in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Fiem Industries ₹2.2 Lakhs to ₹7.0 Lakhs per year
Saint Gobain Sekurit India ₹1.8 Lakhs to ₹6.0 Lakhs per year
Hi Tech Gears ₹2.8 Lakhs to ₹5.1 Lakhs per year
Elgi Rubber Company ₹3.2 Lakhs to ₹4.8 Lakhs per year
Automotive Stampings and Assemblies ₹3.1 Lakhs to ₹4.2 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 Production Engineer at Banco Products in India?
The salary growth for a Production Engineer at Banco Products depends on factors such as experience, performance, and promotions. On average, a Production Engineer can expect the following growth trajectory at Banco Products:

Experience Average Salary Range
Fresher ₹2.3 Lakhs to ₹3.0 Lakhs per year
1 year ₹1.5 Lakhs to ₹3.0 Lakhs per year
2 years ₹1.5 Lakhs to ₹4.2 Lakhs per year
3 years ₹2.5 Lakhs to ₹4.4 Lakhs per year
and so on.

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Banco Products Production Engineer salary in India ranges between ₹1.5 Lakh to ₹7.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 88 Banco Products latest salaries received from various employees of Banco Products.