Hyster-yale Lift Trucks India Product Development Engineer Salaries by 10+ Employees

6 - 12 years exp.

₹6.8 Lakhs - ₹9.7 Lakhs

Avg. annual salary

Monthly In-hand Salary

8% more than the average Product Development Engineer Salary for 6 - 12 years of experience

Interested in this particular role?

Last Updated: 6 Jan 2024

Companies similar to Hyster-yale Lift Trucks India for Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Phenom Product Development Engineer Salary 1 - 4 years exp. (202 salaries)	₹6 L/yr - ₹21.2 L/yr 40% more	7 job openings
Comviva Technology Product Development Engineer Salary 0 - 2 years exp. (193 salaries)	₹6 L/yr - ₹9.5 L/yr 21% less
Login to view exact salary
TE Connectivity Product Development Engineer Salary 1 - 9 years exp. (140 salaries)	₹4 L/yr - ₹15 L/yr 6% more	9 job openings
HARMAN Product Development Engineer Salary 1 - 5 years exp. (85 salaries)	₹4 L/yr - ₹14 L/yr 9% less
UST Product Development Engineer Salary 2 - 6 years exp. (68 salaries)	₹3 L/yr - ₹10.2 L/yr 31% less

Product Development Engineer salary at Hyster-yale Lift Trucks India ranges between ₹6.8 Lakhs to ₹9.7 Lakhs per year for employees with experience between 6 years to 12 years. Salary estimates are based on 19 latest salaries received from various employees of Hyster-yale Lift Trucks India.

Latest annual salaries shared by Hyster-yale Lift Trucks India Product Development Engineer

1y ago

₹9.3 Lakhs

9 years exp.

1y ago

₹9.7 Lakhs

11 years exp.

1y ago

₹8.4 Lakhs

8 years exp.

1y ago

₹7.9 Lakhs

6 years exp.

1y ago

₹9.7 Lakhs

12 years exp.

1y ago

7 years exp.

1y ago

6 years exp.

1y ago

7 years exp.

1y ago

9 years exp.

1y ago

10 years exp.

Experience wise Hyster-yale Lift Trucks India Product Development Engineer salaries

Last Updated: 6 Jan 2024

Experience	Avg Annual Salary
6 years (5 salaries)	₹6.8 L/yr - ₹8.8 L/yr
7 years (3 salaries)	₹7.5 L/yr - ₹8.6 L/yr
Login to view exact salary
8 years (5 salaries)	₹7.8 L/yr - ₹8.4 L/yr
9 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.3 L/yr
10 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹16 L/yr
11 years (AmbitionBox Estimate)	₹9 L/yr - ₹9.7 L/yr
12 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹9.7 L/yr

View all

Similar Designation salaries in Hyster-yale Lift Trucks India

New Product Development Engineer Salary

(AmbitionBox Estimate)

₹8.3 L/yr - ₹10.6 L/yr

Senior Design Engineer Salary

(22 salaries)

₹9 L/yr - ₹13.65 L/yr

Design Engineer Salary

(23 salaries)

₹4 L/yr - ₹8 L/yr

Software Engineer Salary

(3 salaries)

₹7.1 L/yr - ₹10 L/yr

Senior Engineer Salary

(5 salaries)

₹11.92 L/yr - ₹13.5 L/yr

Lead Engineer Salary

(AmbitionBox Estimate)

₹15.1 L/yr - ₹19.3 L/yr

Software Developer Salary

(AmbitionBox Estimate)

₹7.7 L/yr - ₹9.8 L/yr

Technical Lead Salary

(AmbitionBox Estimate)

₹11.3 L/yr - ₹14.4 L/yr

Salary related reviews for Hyster-yale Lift Trucks India

2.0

Rated by 1 employees for salary & benefits

Senior Engineer in Pune

Full Time

Procurement & Supply Chain Department

2.0

• posted on 10 Sep 2023

3.0

for Salary and Benefits

Likes

...to support HYG global manufacturing plants. All are indian mentality management. 10 % salary of your package they locked every month to square employee. Not good company to work. This company is ok only for fresher to gain experience for six months to one year.

Work-life balance - Good

Dislikes

Indian managent. No promotion Not good salary hike Many persons are working from more than ten years in same department same work because they are not getting jobs in outside company

Skill development - Poor

+3 more

Technical Project Lead in Pune

Full Time

Product Development Department

5.0

• posted on 18 Jan 2022

3.0

for Salary and Benefits

Likes

work life balance

Skill development - Excellent

+3 more

Dislikes

Compensation is decent , But growth is slow. work pressure is low. Managers do not value an Individual. Appreciation from clients intentionally unnoticed by management . no career path define :(

Supply Chain Specialist in Pune

Supply Chain Department

2.0

• posted on 05 Jun 2021

1.0

for Salary and Benefits

Likes

Lots of opportunities to learn & company passes on lots of work for you to perform at

Dislikes

...g a lot more from employee with little benefits being passed on to the employee. Will shower you with praises but will neglect the compensation side. No opportunity for growth in the India division. Everyone in India office works for their overseas plants so all benefits are transferred to their overseas employees & the people working here just leave after a couple of years when they realise they are not getting any benefit despite working for many years with 110% output!

Salary - Bad

+3 more

New Product Development Engineer in Pune

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 06 May 2023

3.0

for Salary and Benefits

Likes

Work life balance is good. No extra work pressure, do your job and leave type of culture. Hybrid work culture is also a plus point. flexible work hours.

Job security - Excellent

+1 more

Dislikes

Learning new things can be better. Exposure is also poor. Managers are not motivators.

Skill development - Poor

+2 more

Supply Chain Specialist in Pune

Supply Chain Department

3.0

• posted on 13 Sep 2021

1.0

for Salary and Benefits

Likes

Good range of work & lots of learning opportunities if you grab them correctly

Skill development - Good

+1 more

Dislikes

No scope of growth within the company in India. They expect you to stay on the same level for 5-6 years & try to supress you down if you ask for any growth. This results in no financial growth as well!

Salary - Bad

+3 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Hyster-yale Lift Trucks India Product Development Engineer Salary FAQs

What is the salary of Product Development Engineer at Hyster-yale Lift Trucks India ?

The average salary of a Product Development Engineer at Hyster-yale Lift Trucks India in India typically ranges from ₹6.8 Lakhs to ₹9.7 Lakhs per year, depending on experience (from 6 years to 12 years).

The top 10% of Product Development Engineer at Hyster-yale Lift Trucks India earn more than ₹9.5 Lakhs per year, and the top 1% earn over ₹9.7 Lakhs per year. Product Development Engineer Salaries at Hyster-yale Lift Trucks 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 10+ Hyster-yale Lift Trucks India employees in India.

What is the estimated take home salary of a Product Development Engineer at Hyster-yale Lift Trucks India in India?

The estimated take-home salary of a Product Development Engineer at Hyster-yale Lift Trucks India in India typically ranges from ₹63,273 to ₹64,882 per month. This is based on the average salary range of ₹6.8 Lakhs to ₹9.7 Lakhs per year for employees with experience ranging from 6 years to 12 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 10+ salaries received from various employees of Hyster-yale Lift Trucks India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Hyster-yale Lift Trucks India for Product Development Engineer in India?

Phenom	₹6.0 Lakhs to ₹21.2 Lakhs per year
TE Connectivity	₹4.0 Lakhs to ₹15.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Hyster-yale Lift Trucks India, depending on the role and experience level.

What is the salary of a Product Development Engineer in companies similar to Hyster-yale Lift Trucks India in India?

The salary of a Product Development Engineer at companies similar to Hyster-yale Lift Trucks India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HARMAN	₹4.0 Lakhs to ₹14.0 Lakhs per year
Comviva Technology	₹6.0 Lakhs to ₹9.5 Lakhs per year
UST	₹3.0 Lakhs to ₹10.2 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 Product Development Engineer at Hyster-yale Lift Trucks India in India?

The salary growth for a Product Development Engineer at Hyster-yale Lift Trucks India depends on factors such as experience, performance, and promotions. On average, a Product Development Engineer can expect the following growth trajectory at Hyster-yale Lift Trucks India:

Experience	Average Salary Range
6 years	₹6.8 Lakhs to ₹8.8 Lakhs per year
7 years	₹7.5 Lakhs to ₹8.6 Lakhs per year
8 years	₹7.8 Lakhs to ₹8.4 Lakhs per year
9 years	₹7.5 Lakhs to ₹9.3 Lakhs per year

and so on.

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Hyster-yale Lift Trucks India Product Development Engineer Salaries

Hyster-yale Lift Trucks India Product Development Engineer salary in India ranges between ₹6.8 Lakhs to ₹9.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 19 Hyster-yale Lift Trucks India latest salaries received from various employees of Hyster-yale Lift Trucks India.