L&T Defence Product Design Engineer Salaries by 4 Employees

3 - 6 years exp.

₹4.5 Lakhs - ₹9 Lakhs

Avg. annual salary

Monthly In-hand Salary

18% less than the average Product Design Engineer Salary in Defence & Aerospace Companies for 3 - 6 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Product Design Engineer Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.3 L/yr
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Research & Development Product Design Engineer Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹8.1 L/yr - ₹9.9 L/yr

Last Updated: 19 Sep 2024

Companies similar to L&T Defence for Product Design Engineer

Company name	Avg Annual Salary	Open Jobs
Honeywell Technology Solutions Product Design Engineer Salary 1 - 7 years exp. (7 salaries)	₹8.3 L/yr - ₹11.5 L/yr 46% more
Data Patterns Product Design Engineer Salary 3 - 6 years exp. (6 salaries)	₹4 L/yr - ₹12.5 L/yr 9% more
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Vem Technologies Product Design Engineer Salary 1 - 4 years exp. (6 salaries)	₹2.6 L/yr - ₹5 L/yr 40% less
GE Product Design Engineer Salary 2 - 3 years exp. (3 salaries)	₹7.5 L/yr - ₹8.5 L/yr 23% more
Collins Aerospace Product Design Engineer Salary 8 - 11 years exp. (3 salaries)	₹8.6 L/yr - ₹9.6 L/yr 38% more

Product Design Engineer salary at L&T Defence ranges between ₹4.5 Lakhs to ₹9 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of L&T Defence.

Experience wise L&T Defence Product Design Engineer salaries

Last Updated: 19 Sep 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
4 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr
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5 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.2 L/yr
6 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹10.1 L/yr

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Salary related reviews for L&T Defence

Senior Design Engineer in Coimbatore

Other Department

4.0

• posted on 19 Mar 2019

3.0

for Salary and Benefits

Likes

As a new joinee you will get ample of opportunities to execute your skills as well as upgrade it. You will entitle to take critical decisions on your own which will have huge cost effect.

Skill development - Excellent

+5 more

Dislikes

Compensation are lower in comparison to industry standard

Deputy General Manager in Talegaon Dabhade

Full Time

Project & Program Management Department

3.0

• posted on 15 Jun 2023

2.0

for Salary and Benefits

Likes

Freedom to innovate, make mistakes and learn. Holiday homes. Domicilary medical reimbursement. Work exposure.

Skill development - Good

+3 more

Dislikes

Compensation , HR policies. 5.5 days working. Poor leave rules. No holidays on muslim festivals. Non fair appraisals.

Salary - Poor

+1 more

Quality Engineer in Talegaon Dabhade

Contractual

Other Department

3.0

• posted on 02 Sep 2024

2.0

for Salary and Benefits

Likes

Peaceful and pleasant work atmosphere. Workloads and responsibilities well distributed in team. Ease of access to knowledge regarding projects and relevant updates.

Company culture - Good

Dislikes

Working on same profile and cannot change/upgrade profile within company. Salary growth is lesser and not satisfied with salary.

Salary - Poor

+1 more

Mktg in Bangalore / Bengaluru

Other Department

2.0

• posted on 16 Jun 2022

2.0

for Salary and Benefits

Likes

Business areas and product line, which makes an employee feel proud. Aspiration to venture into new products and markets.

Job security - Good

Dislikes

...power & authority is getting further concentrated rather than getting delegated. Non-revision of compensation structure vis-à-vis industry has led to high attrition and degradation in quality of human resource available in organisation and its ability to attract. Compensation structure should be reviewed immediately and brought at par with industry . Career progression / growth is slow.

Salary - Poor

+3 more

Senior Manager Project Management in Surat

Defense Department

5.0

• posted on 25 May 2022

4.0

for Salary and Benefits

Likes

This is the best place, where you could contribute for your Country. Collaborative culture with versatile people from all across, provides lot of opportunity to learn and grow.

Salary - Good

+6 more

Dislikes

Salary and benefits might not be best in the class, could be improved a bit.

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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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L&T Defence Product Design Engineer Salary FAQs

What is the salary of Product Design Engineer at L&T Defence ?

The average salary of a Product Design Engineer at L&T Defence in India typically ranges from ₹4.5 Lakhs to ₹9.0 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Product Design Engineer at L&T Defence earn more than ₹9.0 Lakhs per year, and the top 1% earn over ₹9.0 Lakhs per year. Product Design Engineer Salaries at L&T Defence 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 L&T Defence employees in India.

What is the estimated take home salary of a Product Design Engineer at L&T Defence in India?

The estimated take-home salary of a Product Design Engineer at L&T Defence in India typically ranges from ₹49,355 to ₹50,521 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹9.0 Lakhs per year for employees with experience ranging from 3 years to 6 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 L&T Defence. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than L&T Defence for Product Design Engineer in India?

Honeywell Technology Solutions	₹8.3 Lakhs to ₹11.5 Lakhs per year
Collins Aerospace	₹8.6 Lakhs to ₹9.6 Lakhs per year
GE	₹7.5 Lakhs to ₹8.5 Lakhs per year
Data Patterns	₹4.0 Lakhs to ₹12.5 Lakhs per year

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

What is the salary of a Product Design Engineer in companies similar to L&T Defence in India?

The salary of a Product Design Engineer at companies similar to L&T Defence in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Vem Technologies

₹2.6 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 Product Design Engineer at L&T Defence in India?

The salary growth for a Product Design Engineer at L&T Defence depends on factors such as experience, performance, and promotions. On average, a Product Design Engineer can expect the following growth trajectory at L&T Defence:

Experience	Average Salary Range
3 years	₹4.1 Lakhs to ₹5.2 Lakhs per year
4 years	₹4.9 Lakhs to ₹6.3 Lakhs per year
5 years	₹6.4 Lakhs to ₹8.2 Lakhs per year
6 years	₹7.9 Lakhs to ₹10.1 Lakhs per year

and so on.

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L&T Defence Product Design Engineer Salaries

L&T Defence Product Design Engineer salary in India ranges between ₹4.5 Lakhs to ₹9 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 L&T Defence latest salaries received from various employees of L&T Defence.