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Investment & Precision Castings new Product Development Engineer salaries in India

Annual salary range
2 - 4 years exp.
₹2.4 Lakhs - ₹4.2 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
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Fixed
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Variable
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Monthly In-hand Salary

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22% less than the average new Product Development Engineer Salary in Auto Components Companies for 2 - 4 years of experience

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Salaries in different departments

Research & Development
new Product Development Engineer Salary
2 - 4 years exp. (3 salaries)
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₹2.4 L/yr - ₹4.2 L/yr

Production, Manufacturing & Engineering
new Product Development Engineer Salary
3 years exp. (AmbitionBox Estimate)
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₹2.8 L/yr - ₹3.5 L/yr

Last Updated: 6 May 2024

Companies similar to Investment & Precision Castings for new Product Development Engineer

Company name Avg Annual Salary Open Jobs
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₹1.8 L/yr - ₹5 L/yr

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₹1.8 L/yr - ₹5.7 L/yr

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₹1.8 L/yr - ₹4.4 L/yr

arrow icon 7% more
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₹2.1 L/yr - ₹5.2 L/yr

arrow icon 1% more
Logo
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₹1.6 L/yr - ₹7 L/yr

arrow icon 52% more
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₹3.9 L/yr - ₹5.6 L/yr

arrow icon 55% more
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₹2.1 L/yr - ₹6.8 L/yr

arrow icon 24% more
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₹3 L/yr - ₹4.6 L/yr

arrow icon 3% more
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₹3.3 L/yr - ₹6.5 L/yr

arrow icon 28% more
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₹2.8 L/yr - ₹4.8 L/yr

arrow icon 5% more
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₹1.8 L/yr - ₹4.5 L/yr

arrow icon 9% less
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₹3 L/yr - ₹4.2 L/yr

arrow icon 3% less
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₹3.2 L/yr - ₹11.3 L/yr

arrow icon 138% more
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₹1.7 L/yr - ₹3.5 L/yr

arrow icon 8% more
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₹2.6 L/yr - ₹9.2 L/yr

arrow icon 76% more
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₹2.8 L/yr - ₹4.2 L/yr

arrow icon 18% more
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SKF new Product Development Engineer Salary

1 - 3 years exp. (4 salaries)

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₹2.1 L/yr - ₹3 L/yr

arrow icon 21% less
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₹5 L/yr - ₹8 L/yr

arrow icon 105% more
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₹1.5 L/yr - ₹3.5 L/yr

arrow icon 5% less
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₹3.6 L/yr - ₹5 L/yr

arrow icon 28% more
View all
new Product Development Engineer salary at Investment & Precision Castings ranges between ₹2.4 Lakhs to ₹4.2 Lakhs per year for employees with experience between 2 years to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Investment & Precision Castings.

Latest annual salaries shared by Investment & Precision Castings new Product Development Engineer

7mo ago
₹4.2 Lakhs
4 years exp.
1y ago
₹3 Lakhs
3 years exp.
1y ago
₹3.2 Lakhs
3 years exp.
1y ago
₹2.4 Lakhs
2 years exp.

Experience wise Investment & Precision Castings new Product Development Engineer salaries

Last Updated: 6 May 2024

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.8 L/yr
3 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹3.5 L/yr
4 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.8 L/yr

Similar Designation salaries in Investment & Precision Castings

Production Engineer Salary
(AmbitionBox Estimate)
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₹0.2 L/yr - ₹0.2 L/yr
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₹1.8 L/yr - ₹3.2 L/yr
Production Manager Salary
(AmbitionBox Estimate)
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₹4.7 L/yr - ₹6 L/yr
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₹2.4 L/yr - ₹4.6 L/yr
Mechanical Engineer Salary
(AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.7 L/yr
Senior Engineer Salary
(AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr
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₹1.11 L/yr - ₹3 L/yr
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₹1.32 L/yr - ₹3.2 L/yr
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₹2.05 L/yr - ₹5.05 L/yr

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Investment & Precision Castings new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Investment & Precision Castings ?
The average salary of a new Product Development Engineer at Investment & Precision Castings in India typically ranges from ₹2.4 Lakhs to ₹4.2 Lakhs per year, depending on experience (from 2 years to 4 years).

The top 10% of new Product Development Engineer at Investment & Precision Castings earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹4.2 Lakhs per year. new Product Development Engineer Salaries at Investment & Precision Castings 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 Investment & Precision Castings employees in India.
What is the estimated take home salary of a new Product Development Engineer at Investment & Precision Castings in India?
The estimated take-home salary of a new Product Development Engineer at Investment & Precision Castings in India typically ranges from ₹23,004 to ₹24,473 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹4.2 Lakhs per year for employees with experience ranging from 2 years to 4 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 Investment & Precision Castings. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Investment & Precision Castings for new Product Development Engineer in India?
Sundaram Clayton ₹3.2 Lakhs to ₹11.3 Lakhs per year
DENSO ₹5.0 Lakhs to ₹8.0 Lakhs per year
Subros ₹2.6 Lakhs to ₹9.2 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 Investment & Precision Castings, depending on the role and experience level.
What is the salary of a new Product Development Engineer in companies similar to Investment & Precision Castings in India?
The salary of a new Product Development Engineer at companies similar to Investment & Precision Castings in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

CIE Automotive ₹3.3 Lakhs to ₹6.5 Lakhs per year
Gabriel India ₹3.6 Lakhs to ₹5.0 Lakhs per year
TVS Sundram Fasteners ₹2.1 Lakhs to ₹6.8 Lakhs per year
Magna International ₹2.8 Lakhs to ₹4.2 Lakhs per year
JBM Group ₹1.8 Lakhs to ₹5.7 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 Investment & Precision Castings in India?
The salary growth for a new Product Development Engineer at Investment & Precision Castings depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer can expect the following growth trajectory at Investment & Precision Castings:

Experience Average Salary Range
2 years ₹2.2 Lakhs to ₹2.8 Lakhs per year
3 years ₹2.8 Lakhs to ₹3.5 Lakhs per year
4 years ₹3.8 Lakhs to ₹4.8 Lakhs per year
and so on.

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Investment & Precision Castings new Product Development Engineer salary in India ranges between ₹2.4 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Investment & Precision Castings latest salaries received from various employees of Investment & Precision Castings.