JBM Group Nashik new Product Development Engineer Salaries by 3 Employees (Updated 2024)

3 - 4 years exp.

₹3 Lakhs - ₹3.6 Lakhs

Low Confidence

Salary of majority employees

7% less than the average new Product Development Engineer Salary in Auto Components Companies for 3 - 4 years of experience

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Last Updated: 22 May 2024

Companies similar to JBM Group for new Product Development Engineer in Nashik

JBM Group new Product Development Engineer Salary

3 - 4 years exp. (3 salaries)

₹3 L/yr - ₹3.6 L/yr

Company name	Avg Annual Salary	Open Jobs
Mahindra & Mahindra new Product Development Engineer Salary 2 - 12 years exp. (3 salaries)	₹4.2 L/yr - ₹7.4 L/yr 61% more
Ukay Metal Industries new Product Development Engineer Salary 0 - 9 years exp. (7 salaries)	₹2 L/yr - ₹6 L/yr 15% more
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Sharda Motor Industries new Product Development Engineer Salary 1 - 4 years exp. (6 salaries)	₹2.8 L/yr - ₹4.2 L/yr 2% less
MD Industries new Product Development Engineer Salary 2 - 9 years exp. (6 salaries)	₹2 L/yr - ₹4.6 L/yr At par
J.P.Enterprises new Product Development Engineer Salary 4 - 11 years exp. (5 salaries)	₹2.5 L/yr - ₹4.8 L/yr 23% more

new Product Development Engineer salary at JBM Group ranges between ₹3 Lakhs to ₹3.6 Lakhs per year for employees with experience between 3 years to 4 years. Salary estimates are based on 3 latest salaries received from various employees of JBM Group.

Experience wise JBM Group new Product Development Engineer salaries in Nashik

Last Updated: 22 May 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.6 L/yr
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4 years (AmbitionBox Estimate)	₹3 L/yr - ₹6 L/yr

Similar Designation salaries in JBM Group

Design & Development Engineer Salary

(3 salaries)

₹3.4 L/yr - ₹5 L/yr

Salary related reviews for JBM Group

Mechanical Engineer in Pune

Full Time

Media Production & Entertainment Department

2.0

• posted on 17 Oct 2024

2.0

for Salary and Benefits

Likes

JBM has Job Security

Dislikes

Work culture is worse here in JBM Chakan plant, Salary hike after GET is very less comparatively to Minda and other tire 1 companies. In Minda GET becomes Senior Engineer but here in JBM they promote GET to Engineer. They hire the same post of enginer with 1 yr experienced a lot better salary than the GET they promote. They hire new Engineer with 1 yr experience on 35-40k /month but the GET who promoted to Engineer they pay only 27k per month.

Deputy Manager in Faridabad

Full Time

Quality Assurance Department

5.0

• posted on 16 Jul 2024

4.0

for Salary and Benefits

Likes

...s (DGM) have supported me for learning and taking the lead at various platforms. 3) In terms of salary they are one of the best, if you are performing management will always try not to leave you, they full fill the commitment. 4) Being new OEM, company is trying to meet other OEM culture, recently alternate Saturday off initiated

Dislikes

1) Canteen & Transportation facility yet to be started. 2) HR policies needs to be slightly improved, although improvement is there but pace is very slow.

Deputy Manager in Faridabad

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 05 Jan 2022

3.0

for Salary and Benefits

Likes

... is very transparent, company policies are very good, open platform for work, Company provide sallery and bonus on time every year.

Dislikes

Carrier financial growth is slow. From last 2 year a lot of politics developed inside. And due to this a lot of restrictions occur to survive a work oriented person in JBM and the frequency is in increasing mode with great rate.

Junior Engineer in Haridwar

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 30 Jul 2019

3.0

for Salary and Benefits

Dislikes

Compensation is decent but growth is slow.the work pressure is very high sometimes.i have to work 11-12 hr.parday managers do not value an individuals unique strength,i have to take back my suggestions most of the times

Junior Engineer in Vithalapur Gujrat

Quality Engineering & Assurance Department

4.0

• posted on 15 May 2022

3.0

for Salary and Benefits

Likes

...agement is transparent.there is a huge cafeteria and gaming arcade for chilling.company policies are good,appraisals are fair they give good salary hike and bonus every year.

Dislikes

There is a lot of politics and the management doesn't address our issues.salary is decent but career growth is slow there is a bond of 2 years before which you cannot resign.on the job training is not given to new joinees.

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a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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JBM Group new Product Development Engineer Salary FAQs

What is the notice period for new Product Development Engineer at JBM Group in Nashik?

According to AmbitionBox, 67% of the JBM Group new Product Development Engineers in Nashik reported a notice period of More than 3 months, 33% reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

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JBM Group new Product Development Engineer Salaries in Nashik

JBM Group new Product Development Engineer salary in Nashik ranges between ₹3 Lakhs to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 JBM Group latest salaries received from various employees of JBM Group.