Lakshmi Machine Works Manager new Product Development Salaries by Employees

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₹16.2 Lakhs - ₹20.7 Lakhs

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Last Updated: 8 Mar 2023

Companies similar to Lakshmi Machine Works for Manager new Product Development

Company name	Avg Annual Salary	Open Jobs
Kirloskar Brothers Manager new Product Development Salary 0 - 20 years exp. (3 salaries)	₹9.1 L/yr - ₹15 L/yr 31% less
Wipro Infrastructure Engineering Manager new Product Development Salary 22 - 24 years exp. (3 salaries)	₹16.2 L/yr - ₹20.7 L/yr 3% less
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Cummins Manager new Product Development Salary 6 - 13 years exp. (3 salaries)	₹16.5 L/yr - ₹20.1 L/yr 5% less
Havells Manager new Product Development Salary 11 - 16 years exp. (9 salaries)	₹17 L/yr - ₹23 L/yr 17% more
Escorts Kubota Limited Manager new Product Development Salary 8 - 20 years exp. (8 salaries)	₹11.9 L/yr - ₹20 L/yr 17% less

Manager new Product Development salary at Lakshmi Machine Works ranges between ₹16.2 Lakhs to ₹20.7 Lakhs per year for employees with 20 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Lakshmi Machine Works.

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Salary related reviews for Lakshmi Machine Works

Senior Design Engineer in Coimbatore

Research & Development Department

1.0

• posted on 12 May 2022

1.0

for Salary and Benefits

Likes

Job is secured

Job security - Good

+1 more

Dislikes

1. Internal politics is more 2. Salary package is very low 3. Career growth after 5 years is NIL 4. Machine tool division unit current (2018-till date) HR does not know why he's in that position. He creates trouble for employees rather than solving.

Salary - Bad

+3 more

Design & Development Engineer in Coimbatore

Research & Development Department

1.0

• posted on 30 Apr 2021

1.0

for Salary and Benefits

Likes

Good colleagues.

Job security - Good

Dislikes

No yearly hike. Poor work life balance. No compensation at all even if you work on Sunday, or 2 shifts, Highly caste based company, Heavy politics, they don't know how to utilise young minds. Highly strict working hours.

Salary - Bad

+2 more

Design Engineer in Coimbatore

Research & Development Department

5.0

• posted on 25 Nov 2019

4.0

for Salary and Benefits

Likes

...UG degree holder will be great. Opportunity to learn & develop is high at start. Ontime salary, bonus, leave benefits are satisfactory. Employee welfare & work life balance is poor.

Salary - Good

+2 more

Dislikes

Employee welfare & work life balance is poor. High discrimination found. Work load among team is not equal.

Company culture - Poor

Mechanical Engg. Design in Coimbatore

Research & Development Department

2.0

• posted on 30 Apr 2021

2.0

for Salary and Benefits

Likes

Real core industry and huge opportunities for leaning. Highly skilled colleagues

Skill development - Good

+3 more

Dislikes

Complete pack of internal politics. Most people won’t work since fixed salary for every batch. I.e., people do zero work and 99% put hard work, both get same hike and salary 😂😂😂

Salary - Poor

+2 more

Technical Sales Engineer in Pune

Full Time

Sales & Business Development Department

2.0

• posted on 06 Oct 2023

4.0

for Salary and Benefits

Likes

For sales and service traveling expenses are really good. New joiners gets attractive packages.

Salary - Good

+3 more

Dislikes

No value for old employees. Less appraisal. Salary of loyal employees will be very less compared to new joiners.

Skill development - Poor

+2 more

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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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Lakshmi Machine Works Manager new Product Development Salary FAQs

How the salary growth look like for a Manager new Product Development at Lakshmi Machine Works in India?

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

Experience	Average Salary Range
15 years	₹16.2 Lakhs to ₹20.7 Lakhs per year

and so on.

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Lakshmi Machine Works Manager new Product Development Salaries

Lakshmi Machine Works Manager new Product Development salary in India ranges between ₹16.2 Lakhs to ₹20.7 Lakhs. This is an estimate based on latest salaries received from employees of Lakshmi Machine Works.

Lakshmi Machine Works Manager new Product Development salaries in India

Companies similar to Lakshmi Machine Works for Manager new Product Development

Similar Designation salaries in Lakshmi Machine Works

Salary related reviews for Lakshmi Machine Works

Senior Design Engineer in Coimbatore

Design & Development Engineer in Coimbatore

Design Engineer in Coimbatore

Mechanical Engg. Design in Coimbatore

Technical Sales Engineer in Pune

Lakshmi Machine Works Manager new Product Development Salary FAQs

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