Banco Products Purchase Engineer Salaries by 10+ Employees (Updated 2024)

0 - 6 years exp.

₹3.2 Lakhs - ₹5 Lakhs

Salary of majority employees

At par with the average Purchase Engineer Salary in Auto Components Companies for 0 - 6 years of experience

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Last Updated: 1 Jul 2024

Companies similar to Banco Products for Purchase Engineer in Procurement & Supply Chain department

Company name	Avg Annual Salary	Open Jobs
Sharda Motor Industries Purchase Engineer Salary 1 - 5 years exp. (17 salaries)	₹1.8 L/yr - ₹4.5 L/yr 16% less
UNO Minda Purchase Engineer Salary 1 - 5 years exp. (4 salaries)	₹2 L/yr - ₹3.8 L/yr 31% less
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TVS Sundram Fasteners Purchase Engineer Salary 4 - 12 years exp. (7 salaries)	₹4 L/yr - ₹6 L/yr 35% more
Bharat Forge Purchase Engineer Salary 2 - 9 years exp. (12 salaries)	₹2.7 L/yr - ₹7 L/yr 21% more
Endurance Technologies Purchase Engineer Salary 3 - 5 years exp. (5 salaries)	₹3 L/yr - ₹3.5 L/yr 14% less
ZF Commercial Vehicle Control Systems Purchase Engineer Salary 1 - 4 years exp. (4 salaries)	₹2 L/yr - ₹2.6 L/yr 43% less
Kinetic Engineering Purchase Engineer Salary 1 - 6 years exp. (21 salaries)	₹1.8 L/yr - ₹4.1 L/yr 26% less
Suprajit Engineering Purchase Engineer Salary 0 - 6 years exp. (16 salaries)	₹2.5 L/yr - ₹4.9 L/yr 9% less
Magna International Purchase Engineer Salary 3 - 9 years exp. (15 salaries)	₹3.4 L/yr - ₹6 L/yr 38% more
JBM Group Purchase Engineer Salary 1 - 6 years exp. (15 salaries)	₹3 L/yr - ₹4.2 L/yr 9% less
Subros Purchase Engineer Salary 5 - 12 years exp. (11 salaries)	₹3.9 L/yr - ₹6.8 L/yr 45% more
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UCAL Fuel Systems Purchase Engineer Salary 1 - 13 years exp. (10 salaries)	₹1.6 L/yr - ₹4.6 L/yr 8% less
Shanthi Gears Purchase Engineer Salary 1 - 4 years exp. (8 salaries)	₹1.9 L/yr - ₹3 L/yr 37% less
Shivam Autotech Purchase Engineer Salary 2 - 6 years exp. (6 salaries)	₹2.7 L/yr - ₹3.4 L/yr 16% less
Fiem Industries Purchase Engineer Salary 1 - 6 years exp. (5 salaries)	₹3.2 L/yr - ₹4 L/yr 5% less
Talbros Purchase Engineer Salary 2 - 6 years exp. (5 salaries)	₹2.2 L/yr - ₹5 L/yr 19% less
Sundaram Auto Components Purchase Engineer Salary 3 - 7 years exp. (5 salaries)	₹3 L/yr - ₹4.9 L/yr 6% more
Automotive Stampings and Assemblies Purchase Engineer Salary 2 - 6 years exp. (5 salaries)	₹3.2 L/yr - ₹3.6 L/yr 9% less
MARK EXHAUST SYSTEMS Purchase Engineer Salary 2 - 7 years exp. (4 salaries)	₹2.9 L/yr - ₹5 L/yr 8% less
Greaves Cotton Purchase Engineer Salary 2 - 4 years exp. (4 salaries)	₹2.4 L/yr - ₹2.8 L/yr 32% less

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Purchase Engineer salary at Banco Products ranges between ₹3.2 Lakhs to ₹5 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 11 latest salaries received from various employees of Banco Products.

Experience wise Banco Products Purchase Engineer salaries in Procurement & Supply Chain department

Last Updated: 1 Jul 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.8 L/yr
1 year (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
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2 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹6.8 L/yr
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.5 L/yr
4 years (4 salaries)	₹3.2 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹6.9 L/yr
6 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹5 L/yr

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Similar Designation salaries in Banco Products

Purchase Officer Salary

(7 salaries)

₹2.4 L/yr - ₹4.2 L/yr

Purchase Manager Salary

(4 salaries)

₹8 L/yr - ₹15 L/yr

Graduate Engineer Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.4 L/yr

Executive Engineer Salary

(7 salaries)

₹4.55 L/yr - ₹7 L/yr

Junior Engineer Salary

(5 salaries)

₹1.1 L/yr - ₹5.5 L/yr

Senior Engineer Salary

(29 salaries)

₹3.5 L/yr - ₹8.1 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Purchase Executive Salary

(5 salaries)

₹4.52 L/yr - ₹5.6 L/yr

Buyer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Deputy Manager Salary

(8 salaries)

₹7.5 L/yr - ₹15.4 L/yr

Salary related reviews for Banco Products

4.0

Rated by 2 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

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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 Purchase Engineer Salary FAQs

What is the salary of Purchase Engineer at Banco Products in Procurement & Supply Chain department?

Purchase Engineer salary at Banco Products in Procurement & Supply Chain department in India ranges between ₹3.2 Lakhs to ₹5.0 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 3% less than the average Purchase Engineer Salary in India. Salary estimates are based on 11 latest salaries received from various employees of Banco Products India in Procurement & Supply Chain department.

How does the salary of a Purchase Engineer at Banco Products India in Procurement & Supply Chain department compare with the average salary range for this job?

The average salary of a Purchase Engineer at Banco Products in Procurement & Supply Chain department is 3% less than the average salary of a Purchase Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Banco Products to a Purchase Engineer in Procurement & Supply Chain department in India?

Subros Purchase Engineer Salary - ₹3.9 Lakhs to ₹6.8 Lakhs per year
Magna International Purchase Engineer Salary - ₹3.4 Lakhs to ₹6.0 Lakhs per year
TVS Sundram Fasteners Purchase Engineer Salary - ₹4.0 Lakhs to ₹6.0 Lakhs per year
Bharat Forge Purchase Engineer Salary - ₹2.7 Lakhs to ₹7.0 Lakhs per year
Sundaram Auto Components Purchase Engineer Salary - ₹3.0 Lakhs to ₹4.9 Lakhs per year

What is the salary of a Purchase Engineer in Procurement & Supply Chain department in companies similar to Banco Products in India?

Alicon Castalloy Purchase Engineer Salary - ₹3.0 Lakhs to ₹4.4 Lakhs per year
Fiem Industries Purchase Engineer Salary - ₹3.2 Lakhs to ₹4.0 Lakhs per year
MARK EXHAUST SYSTEMS Purchase Engineer Salary - ₹2.9 Lakhs to ₹5.0 Lakhs per year
UCAL Fuel Systems Purchase Engineer Salary - ₹1.6 Lakhs to ₹4.6 Lakhs per year
Suprajit Engineering Purchase Engineer Salary - ₹2.5 Lakhs to ₹4.9 Lakhs per year

What is the estimated take home salary of a Purchase Engineer in Procurement & Supply Chain department at Banco Products in India?

The estimated take-home salary of a Purchase Engineer in Procurement & Supply Chain department at Banco Products ranges between ₹27,907 per month to ₹29,302 per month in India. The take-home salary calculation is based on the average Banco Products Purchase Engineer salary in India which ranges between ₹3.2 Lakhs to ₹5.0 Lakhs per year for employees with less than 1 year of experience to 6 years. Check how did we calculate take home salary?

What is the notice period for Purchase Engineer in Procurement & Supply Chain department at Banco Products?

According to AmbitionBox, 75% of the Banco Products Purchase Engineers in Procurement & Supply Chain department reported a notice period of 1 Month, 25% reported a notice period of 2 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Banco Products Purchase Engineer Salaries in Procurement & Supply Chain

Banco Products Purchase Engineer salary in Procurement & Supply Chain department in India ranges between ₹3.2 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Banco Products latest salaries received from various employees of Banco Products.

Banco Products Purchase Engineer salaries in Procurement & Supply Chain in India

Companies similar to Banco Products for Purchase Engineer in Procurement & Supply Chain department

Latest annual salaries shared by Banco Products Purchase Engineer in Procurement & Supply Chain department

Experience wise Banco Products Purchase Engineer salaries in Procurement & Supply Chain department

Similar Designation salaries in Banco Products

Salary related reviews for Banco Products

Middle Manager in Vadodara

Maintenance Engineer in Vadodara

Regional Manager in Gurgaon / Gurugram

Purchase/Vendor Development Manager in Vadodara

Accounts Officer

Banco Products Purchase Engineer Salary FAQs

Tell us how to improve this page.