Igarashi Motors new Product Development Engineer Salaries by 4 Employees (Updated 2025)

0 - 3 years exp.

₹2.4 Lakhs - ₹3.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

30% less than the average new Product Development Engineer Salary in Auto Components Companies for 0 - 3 years of experience

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Salaries in different departments

Project & Program Management new Product Development Engineer Salary 2 - 3 years exp. (3 salaries)	₹2.4 L/yr - ₹3.5 L/yr
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Research & Development new Product Development Engineer Salary Fresher (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr

Last Updated: 22 Jan 2025

Companies similar to Igarashi Motors for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 17% more
JBM Group new Product Development Engineer Salary 0 - 8 years exp. (34 salaries)	₹1.8 L/yr - ₹5.7 L/yr 32% more
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Pricol new Product Development Engineer Salary 1 - 9 years exp. (11 salaries)	₹1.6 L/yr - ₹7 L/yr 70% more
Bharat Forge new Product Development Engineer Salary 3 - 8 years exp. (10 salaries)	₹3.9 L/yr - ₹5.6 L/yr 74% more
Victora Auto Private Limited new Product Development Engineer Salary 1 - 8 years exp. (10 salaries)	₹2.6 L/yr - ₹6 L/yr 35% more
TVS Sundram Fasteners new Product Development Engineer Salary 0 - 7 years exp. (8 salaries)	₹2.1 L/yr - ₹6.8 L/yr 39% more
Mando Automotive new Product Development Engineer Salary 2 - 9 years exp. (7 salaries)	₹4.4 L/yr - ₹5.1 L/yr 74% more
Root Industries new Product Development Engineer Salary 4 - 9 years exp. (7 salaries)	₹5 L/yr - ₹6.5 L/yr 103% more
CIE Automotive new Product Development Engineer Salary 2 - 8 years exp. (7 salaries)	₹3.3 L/yr - ₹6.5 L/yr 44% more
Lumax Industries new Product Development Engineer Salary 0 - 4 years exp. (6 salaries)	₹1.8 L/yr - ₹4.5 L/yr 3% more
India Nippon Electricals new Product Development Engineer Salary 4 - 7 years exp. (5 salaries)	₹1.8 L/yr - ₹6.6 L/yr 49% more
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Fiem Industries new Product Development Engineer Salary 3 - 7 years exp. (4 salaries)	₹3.6 L/yr - ₹5.6 L/yr 56% more
Jamna Auto Industries new Product Development Engineer Salary 1 - 3 years exp. (4 salaries)	₹3 L/yr - ₹3.7 L/yr 12% more
Shivam Autotech new Product Development Engineer Salary 2 - 4 years exp. (4 salaries)	₹2.7 L/yr - ₹10 L/yr 78% more
Tata AutoComp Systems new Product Development Engineer Salary 2 - 5 years exp. (3 salaries)	₹2.5 L/yr - ₹6.2 L/yr 32% more
Sona Comstar new Product Development Engineer Salary 1 - 4 years exp. (3 salaries)	₹1.8 L/yr - ₹4 L/yr 2% less

new Product Development Engineer salary at Igarashi Motors ranges between ₹2.4 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Igarashi Motors.

Experience wise Igarashi Motors new Product Development Engineer salaries

Last Updated: 22 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
2 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.4 L/yr
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3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr

Similar Designation salaries in Igarashi Motors

Product Development Engineer Salary

(3 salaries)

₹2.7 L/yr - ₹9 L/yr

Development Engineer Salary

(AmbitionBox Estimate)

₹2.4 L/yr - ₹3.1 L/yr

Production Engineer Salary

(3 salaries)

₹2.15 L/yr - ₹2.95 L/yr

Project Engineer Salary

(3 salaries)

₹3.3 L/yr - ₹4.3 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

₹1 L/yr - ₹1.3 L/yr

Production Manager Salary

(AmbitionBox Estimate)

₹10.4 L/yr - ₹13.2 L/yr

Design Engineer Salary

(24 salaries)

₹2 L/yr - ₹4 L/yr

Mechanical Engineer Salary

(4 salaries)

₹1.45 L/yr - ₹2.35 L/yr

Senior Engineer Salary

(3 salaries)

₹3.45 L/yr - ₹3.7 L/yr

Production Supervisor Salary

(AmbitionBox Estimate)

₹3.7 L/yr - ₹4.7 L/yr

Salary related reviews for Igarashi Motors

Design Engineer in Chennai

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 12 Jul 2024

3.0

for Salary and Benefits

Likes

...aining programs for each employee in full day or half during some work hours 2.yearly once apr month in double salary

Job security - Good

Dislikes

Salary revision not properly in the yearly once Internal politics are as usual Sunday also some times they actually compensate the rain or cyclone leave finally it like a school type of politics & norms

Skill development - Poor

+2 more

Electrical Maintenance Technician in Chennai

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 30 Sep 2024

5.0

for Salary and Benefits

Likes

This high rating reflects strong employee confidence in the stability and security of their roles at Igarashi Motors, indicating that most employees feel secure in their positions and trust the company to provide a reliable work environmen

Salary - Excellent

+6 more

Dislikes

Nothing

Executive Lead in Chennai

Full Time

Other Department

3.0

• posted on 19 Jun 2024

4.0

for Salary and Benefits

Likes

Nothing

Salary - Good

+1 more

Dislikes

No proper Appraisal processes. Roles and responsibilities not clearly explained. Have to followup for so long even for genuine departmental requirements. KPI not set by the lead/Manager. Positions are not clear like other corporate designations like manager, assistant manager, senior manager. They will term, executive, executive leader, Group executive leader, Principal leader, Business leader...

Skill development - Poor

+4 more

Sales Executive in Chennai

Full Time

Engineering - Software & QA Department

5.0

• posted on 26 Jul 2024

3.0

for Salary and Benefits

Likes

My career starts in Igarashi,I learnt lot things from this company.Well & good transportation fecility especially for females. Good environment & work place clean & neat.

Skill development - Excellent

+4 more

Dislikes

Salary & Benefits should be improved

Authorized Officer in Tambaram Mepz

Full Time

Procurement & Supply Chain Department

3.0

• posted on 12 May 2023

2.0

for Salary and Benefits

Likes

In my department i was come as a beginner our senior teach me good and learn lot from there. i like in my senior approach.

Skill development - Good

+2 more

Dislikes

The company taking the beginner people on neem & naps role ,continue as a trainee from the join date to 3years , after that if the trainee had supporting staff, our HR department give on role.if your work performance,dedication all are good but no support there is no consider.just use and throw it outside.

Salary - Poor

+1 more

see more salary related reviews

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

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Igarashi Motors new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Igarashi Motors ?

The average salary of a new Product Development Engineer at Igarashi Motors in India typically ranges from ₹2.4 Lakhs to ₹3.5 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of new Product Development Engineer at Igarashi Motors earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. new Product Development Engineer Salaries at Igarashi Motors 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 4 Igarashi Motors employees in India.

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

The estimated take-home salary of a new Product Development Engineer at Igarashi Motors in India typically ranges from ₹20,193 to ₹21,853 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from Fresher 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 4 salaries received from various employees of Igarashi Motors. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Igarashi Motors for new Product Development Engineer in India?

Root Industries	₹5.0 Lakhs to ₹6.5 Lakhs per year
Shivam Autotech	₹2.7 Lakhs to ₹10.0 Lakhs per year
Mando Automotive	₹4.4 Lakhs to ₹5.1 Lakhs per year
Bharat Forge	₹3.9 Lakhs to ₹5.6 Lakhs per year
Pricol	₹1.6 Lakhs to ₹7.0 Lakhs per year

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

What is the salary of a new Product Development Engineer in companies similar to Igarashi Motors in India?

The salary of a new Product Development Engineer at companies similar to Igarashi Motors in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Fiem Industries	₹3.6 Lakhs to ₹5.6 Lakhs per year
India Nippon Electricals	₹1.8 Lakhs to ₹6.6 Lakhs per year
CIE Automotive	₹3.3 Lakhs to ₹6.5 Lakhs per year
TVS Sundram Fasteners	₹2.1 Lakhs to ₹6.8 Lakhs per year
Victora Auto Private Limited	₹2.6 Lakhs to ₹6.0 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 new Product Development Engineer at Igarashi Motors in India?

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

Experience	Average Salary Range
Fresher	₹2.3 Lakhs to ₹2.9 Lakhs per year
2 years	₹2.6 Lakhs to ₹3.4 Lakhs per year
3 years	₹2.7 Lakhs to ₹3.5 Lakhs per year

and so on.

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Igarashi Motors new Product Development Engineer Salaries

Igarashi Motors new Product Development Engineer salary in India ranges between ₹2.4 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Igarashi Motors latest salaries received from various employees of Igarashi Motors.