IM Gears new Product Development Engineer Salaries by 7 Employees

4 - 9 years exp.

₹3.6 Lakhs - ₹4.5 Lakhs

Salary of majority employees

At par with the average new Product Development Engineer Salary in Auto Components Companies for 4 - 9 years of experience

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Salaries in different departments

Research & Development new Product Development Engineer Salary 4 - 8 years exp. (5 salaries)	₹3.6 L/yr - ₹4.4 L/yr
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Production, Manufacturing & Engineering new Product Development Engineer Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5 L/yr

Last Updated: 5 Mar 2024

Companies similar to IM Gears for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
EXEDY new Product Development Engineer Salary 2 - 9 years exp. (7 salaries)	₹3.8 L/yr - ₹5.6 L/yr 26% more
Rane Brake Lining new Product Development Engineer Salary 2 - 8 years exp. (7 salaries)	₹2 L/yr - ₹5 L/yr 31% less
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Texspin Bearings new Product Development Engineer Salary 3 - 10 years exp. (6 salaries)	₹3 L/yr - ₹4.8 L/yr 3% less
SMR Automotive Systems India new Product Development Engineer Salary 4 - 6 years exp. (5 salaries)	₹3.2 L/yr - ₹4.8 L/yr 5% less
ZF Steering Gear new Product Development Engineer Salary 1 - 10 years exp. (5 salaries)	₹2.1 L/yr - ₹8.6 L/yr 19% more
Vignesh Polymers new Product Development Engineer Salary 6 - 9 years exp. (5 salaries)	₹3 L/yr - ₹4.5 L/yr 2% less
Alf Engineering new Product Development Engineer Salary 1 - 4 years exp. (5 salaries)	₹2.1 L/yr - ₹3 L/yr 39% less
Toyoda Gosei Minda new Product Development Engineer Salary 5 - 7 years exp. (4 salaries)	₹3.9 L/yr - ₹4.8 L/yr 5% more
Jayashree Polymers new Product Development Engineer Salary 0 - 7 years exp. (4 salaries)	₹2.9 L/yr - ₹5 L/yr 12% less
Global Autotech new Product Development Engineer Salary 2 - 6 years exp. (4 salaries)	₹2.5 L/yr - ₹4.4 L/yr 21% less
Meneta Automotive Components new Product Development Engineer Salary 3 - 7 years exp. (4 salaries)	₹2.8 L/yr - ₹4.8 L/yr 7% less
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Cooper-Standard Automotive new Product Development Engineer Salary 2 - 12 years exp. (3 salaries)	₹3 L/yr - ₹10.6 L/yr 38% more
Mitsuba Sical new Product Development Engineer Salary 5 - 11 years exp. (3 salaries)	₹5.7 L/yr - ₹12 L/yr 137% more
SEG Automotive new Product Development Engineer Salary 8 - 10 years exp. (3 salaries)	₹3 L/yr - ₹3.8 L/yr 18% less

new Product Development Engineer salary at IM Gears ranges between ₹3.6 Lakhs to ₹4.5 Lakhs per year for employees with experience between 4 years to 9 years. Salary estimates are based on 7 latest salaries received from various employees of IM Gears.

Experience wise IM Gears new Product Development Engineer salaries

Last Updated: 5 Mar 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹3.6 L/yr
5 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹3.9 L/yr
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6 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.1 L/yr
7 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹7.4 L/yr
8 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹4.5 L/yr
9 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.5 L/yr

View all

Similar Designation salaries in IM Gears

Product Development Engineer Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Production Engineer Salary

(19 salaries)

₹1.2 L/yr - ₹4.6 L/yr

Project Engineer Salary

(6 salaries)

₹1.7 L/yr - ₹2.4 L/yr

Production Officer Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Assistant Engineer Salary

(3 salaries)

₹3.6 L/yr - ₹4.6 L/yr

Production Manager Salary

(5 salaries)

₹9.64 L/yr - ₹16.25 L/yr

Design Engineer Salary

(8 salaries)

₹1.4 L/yr - ₹5 L/yr

Mechanical Engineer Salary

(13 salaries)

₹2.05 L/yr - ₹5 L/yr

Software Engineer Salary

(AmbitionBox Estimate)

₹22.3 L/yr - ₹28.5 L/yr

Senior Engineer Salary

(22 salaries)

₹3.95 L/yr - ₹8.5 L/yr

Salary related reviews for IM Gears

2.9

Rated by 2 employees for salary & benefits

Quality Engineer in Chennai

Full Time

Research & Development Department

4.0

• posted on 11 May 2022

3.0

for Salary and Benefits

Likes

Can grow up with some good knowledge regards Process and Documentation

Skill development - Good

Dislikes

...gement only consider about production but Quality related issues not addressing. Salary is less and growth is too slow.On the job training is not given to new joinees

Quality Controller in Chennai

Full Time

Research & Development Department

5.0

• posted on 01 Jan 2020

3.0

for Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology like new electronic engine mechanism. I love the fact i am a part of a team that markets reliable, high quality products and has a global client base. For freshers this company give confident to technical knowledge.

Skill development - Excellent

+2 more

Dislikes

Compensation is decent, but growth is slow, The work pressure is very high.

Work satisfaction - Poor

Program Engineer in Chennai

Full Time

Project & Program Management Department

2.0

• posted on 06 Nov 2024

2.0

for Salary and Benefits

Likes

Lots to learn through Interesting New projects and subject matter experts.

Dislikes

The organization management is really bad. You need to be extremely flexible and be ready to take all kinds of abuse to survive here.

Salary - Poor

+6 more

Engineer- Customer Support in Chennai

Full Time

Sales & Business Development Department

4.0

• posted on 16 Oct 2023

4.0

for Salary and Benefits

Likes

Great Growing company and good working atmosphere. Learn new skills and easily access to the top management and share your thoughts. Free food with good quality.

Salary - Good

+4 more

Dislikes

Job security is less and work lifebalance. Other than that Great company to learn and apply new skills that we have.

Assistant Manager in Chennai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 02 Sep 2024

2.0

for Salary and Benefits

Likes

Nothing

Dislikes

*Family run business with so much internal conflicts *zero work life balance. They make you work till late nights *no respect from seniors *puppet hr *people get fired for small reasons and they hold salaries and settlement

Salary - Poor

+6 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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IM Gears new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at IM Gears ?

The average salary of a new Product Development Engineer at IM Gears in India typically ranges from ₹3.6 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 4 years to 9 years).

The top 10% of new Product Development Engineer at IM Gears earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. new Product Development Engineer Salaries at IM Gears 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 7 IM Gears employees in India.

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

The estimated take-home salary of a new Product Development Engineer at IM Gears in India typically ranges from ₹29,779 to ₹31,096 per month. This is based on the average salary range of ₹3.6 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 4 years to 9 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 7 salaries received from various employees of IM Gears. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than IM Gears for new Product Development Engineer in India?

Mitsuba Sical	₹5.7 Lakhs to ₹12.0 Lakhs per year
Cooper-Standard Automotive	₹3.0 Lakhs to ₹10.6 Lakhs per year
EXEDY	₹3.8 Lakhs to ₹5.6 Lakhs per year
ZF Steering Gear	₹2.1 Lakhs to ₹8.6 Lakhs per year
Toyoda Gosei Minda	₹3.9 Lakhs to ₹4.8 Lakhs per year

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

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

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

Vignesh Polymers	₹3.0 Lakhs to ₹4.5 Lakhs per year
Texspin Bearings	₹3.0 Lakhs to ₹4.8 Lakhs per year
SMR Automotive Systems India	₹3.2 Lakhs to ₹4.8 Lakhs per year
Meneta Automotive Components	₹2.8 Lakhs to ₹4.8 Lakhs per year
Jayashree Polymers	₹2.9 Lakhs to ₹5.0 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 IM Gears in India?

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

Experience	Average Salary Range
4 years	₹3.6 Lakhs to ₹3.6 Lakhs per year
5 years	₹1.5 Lakhs to ₹3.9 Lakhs per year
6 years	₹1.6 Lakhs to ₹4.1 Lakhs per year
7 years	₹3.6 Lakhs to ₹7.4 Lakhs per year

and so on.

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IM Gears new Product Development Engineer Salaries

IM Gears new Product Development Engineer salary in India ranges between ₹3.6 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 IM Gears latest salaries received from various employees of IM Gears.