Fores Elastomech India new Product Development Engineer Salaries by 6 Employees

2 - 3 years exp.

₹2.2 Lakhs - ₹4.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

26% less than the average new Product Development Engineer Salary in Industrial Machinery Companies for 2 - 3 years of experience

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Salaries in different departments

Research & Development new Product Development Engineer Salary 2 - 3 years exp. (4 salaries)	₹2.2 L/yr - ₹4.2 L/yr
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Production, Manufacturing & Engineering new Product Development Engineer Salary 3 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.2 L/yr

Last Updated: 14 Sep 2024

Companies similar to Fores Elastomech India for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
SPX Flow Technology new Product Development Engineer Salary 10 - 13 years exp. (5 salaries)	₹9.5 L/yr - ₹16.5 L/yr 328% more
Europa Locks new Product Development Engineer Salary 1 - 7 years exp. (4 salaries)	₹4 L/yr - ₹6.2 L/yr 68% more
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Radheya Machining new Product Development Engineer Salary 4 - 6 years exp. (3 salaries)	₹2 L/yr - ₹4.2 L/yr 6% more
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (69 salaries)	₹2.7 L/yr - ₹5.5 L/yr 34% more
L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 11% more

new Product Development Engineer salary at Fores Elastomech India ranges between ₹2.2 Lakhs to ₹4.2 Lakhs per year for employees with experience between 2 years to 3 years. Salary estimates are based on 6 latest salaries received from various employees of Fores Elastomech India.

Experience wise Fores Elastomech India new Product Development Engineer salaries

Last Updated: 14 Sep 2024

Experience	Avg Annual Salary
2 years (3 salaries)	₹2.2 L/yr - ₹3.6 L/yr
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3 years (3 salaries)	₹2.7 L/yr - ₹4.2 L/yr

Similar Designation salaries in Fores Elastomech India

Development Engineer Salary

(5 salaries)

₹2.4 L/yr - ₹7.5 L/yr

Production Engineer Salary

(7 salaries)

₹1.5 L/yr - ₹4.3 L/yr

Assistant Engineer Salary

(11 salaries)

₹2.05 L/yr - ₹3.8 L/yr

Design Engineer Salary

(6 salaries)

₹2.4 L/yr - ₹3.25 L/yr

Software Engineer Salary

(AmbitionBox Estimate)

₹1.6 L/yr - ₹2.1 L/yr

Senior Engineer Salary

(4 salaries)

₹4 L/yr - ₹4.8 L/yr

Production Supervisor Salary

(4 salaries)

₹2.4 L/yr - ₹4.1 L/yr

NPD Engineer Salary

(AmbitionBox Estimate)

₹3.5 L/yr - ₹4.5 L/yr

Quality Engineer Salary

(8 salaries)

₹1.95 L/yr - ₹3 L/yr

Junior Engineer Salary

(AmbitionBox Estimate)

₹1.7 L/yr - ₹2.2 L/yr

Salary related reviews for Fores Elastomech India

Vendor Development Engineer in Aurangabad

Full Time

Procurement & Supply Chain Department

4.0

• posted on 08 Jan 2019

4.0

for Salary and Benefits

Likes

It is good company for freshers to learn something here. And company management also suppoted me like anything. My team mates specially my manager is too friendly and supportive. Career Growth is also good. But wanna learn more and wanna give more out put.

Salary - Good

+6 more

Dislikes

Nothing like that. But limited stuff to learn and explore ourselves.

Engineer in Chhatrapati Sambhajinagar

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 20 Nov 2024

1.0

for Salary and Benefits

Likes

Colleges were best i found here

Dislikes

Whole company is owner driven you have to take permission of owner even if you have to buy a 100 rs thing. Becide this they will not going to encourage you but criticize at every step. So overall if you are trainee its good but if you are experienced its big no.

Salary - Bad

+5 more

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Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Fores Elastomech India new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Fores Elastomech India ?

The average salary of a new Product Development Engineer at Fores Elastomech India in India typically ranges from ₹2.2 Lakhs to ₹4.2 Lakhs per year, depending on experience (from 2 years to 3 years).

The top 10% of new Product Development Engineer at Fores Elastomech India earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹4.2 Lakhs per year. new Product Development Engineer Salaries at Fores Elastomech India 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 6 Fores Elastomech India employees in India.

What is the estimated take home salary of a new Product Development Engineer at Fores Elastomech India in India?

The estimated take-home salary of a new Product Development Engineer at Fores Elastomech India in India typically ranges from ₹21,546 to ₹23,036 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹4.2 Lakhs per year for employees with experience ranging from 2 years to 3 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 6 salaries received from various employees of Fores Elastomech India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Fores Elastomech India for new Product Development Engineer in India?

SPX Flow Technology	₹9.5 Lakhs to ₹16.5 Lakhs per year
Europa Locks	₹4.0 Lakhs to ₹6.2 Lakhs per year
INDO-MIM	₹2.7 Lakhs to ₹5.5 Lakhs per year
L.G.Balakrishnan & Bros	₹1.8 Lakhs to ₹5.0 Lakhs per year
Radheya Machining	₹2.0 Lakhs to ₹4.2 Lakhs per year

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

How the salary growth look like for a new Product Development Engineer at Fores Elastomech India in India?

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

Experience	Average Salary Range
2 years	₹2.2 Lakhs to ₹3.6 Lakhs per year
3 years	₹2.7 Lakhs to ₹4.2 Lakhs per year

and so on.

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Fores Elastomech India new Product Development Engineer Salaries

Fores Elastomech India new Product Development Engineer salary in India ranges between ₹2.2 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Fores Elastomech India latest salaries received from various employees of Fores Elastomech India.

Fores Elastomech India new Product Development Engineer salaries in India

Companies similar to Fores Elastomech India for new Product Development Engineer

Latest annual salaries shared by Fores Elastomech India new Product Development Engineer

Experience wise Fores Elastomech India new Product Development Engineer salaries

Similar Designation salaries in Fores Elastomech India

Salary related reviews for Fores Elastomech India

Vendor Development Engineer in Aurangabad

Engineer in Chhatrapati Sambhajinagar

Fores Elastomech India new Product Development Engineer Salary FAQs

Tell us how to improve this page.