Lakshmi Machine Works new Product Development Engineer Salaries by 4 Employees (Updated 2025)

3 - 5 years exp.

₹4 Lakhs - ₹6.5 Lakhs

Low Confidence

Salary of majority employees

17% more than the average new Product Development Engineer Salary in Industrial Machinery Companies for 3 - 5 years of experience

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Salaries in different departments

Procurement & Supply Chain new Product Development Engineer Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.3 L/yr
Production, Manufacturing & Engineering new Product Development Engineer Salary 5 years exp. (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.2 L/yr
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Research & Development new Product Development Engineer Salary 3 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.4 L/yr

Last Updated: 14 Mar 2023

Companies similar to Lakshmi Machine Works for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Thermax Limited new Product Development Engineer Salary 0 - 5 years exp. (4 salaries)	₹6.3 L/yr - ₹11.1 L/yr 88% more
TCS new Product Development Engineer Salary 0 - 8 years exp. (11 salaries)	₹3.4 L/yr - ₹7.6 L/yr 8% more
Login to view exact salary
Tech Mahindra new Product Development Engineer Salary 4 - 6 years exp. (4 salaries)	₹4 L/yr - ₹7 L/yr 30% more
HCLTech new Product Development Engineer Salary 0 - 16 years exp. (4 salaries)	₹9 L/yr - ₹16 L/yr 147% more
C.R.I. Pumps new Product Development Engineer Salary 1 - 3 years exp. (4 salaries)	₹1.6 L/yr - ₹2 L/yr 64% less
EMERSON PROCESS MANAGEMENT new Product Development Engineer Salary 3 - 4 years exp. (3 salaries)	₹3.6 L/yr - ₹4.6 L/yr 16% less
Flowserve new Product Development Engineer Salary 8 - 11 years exp. (3 salaries)	₹9.4 L/yr - ₹10.5 L/yr 116% more
Cummins new Product Development Engineer Salary 3 - 6 years exp. (3 salaries)	₹7.4 L/yr - ₹9.4 L/yr 86% more

new Product Development Engineer salary at Lakshmi Machine Works ranges between ₹4 Lakhs to ₹6.5 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Lakshmi Machine Works.

Experience wise Lakshmi Machine Works new Product Development Engineer salaries

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹4 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.8 L/yr
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5 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.5 L/yr

Similar Designation salaries in Lakshmi Machine Works

Product Development Engineer Salary

(6 salaries)

₹4.5 L/yr - ₹6.47 L/yr

Production Engineer Salary

(37 salaries)

₹1.05 L/yr - ₹7.2 L/yr

Product Engineer Salary

(5 salaries)

₹3 L/yr - ₹7.4 L/yr

Senior Design Engineer Salary

(78 salaries)

₹5 L/yr - ₹9 L/yr

Project Engineer Salary

(3 salaries)

₹5 L/yr - ₹5.5 L/yr

Senior Software Engineer Salary

(4 salaries)

₹7.2 L/yr - ₹8.7 L/yr

Production Officer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4.1 L/yr

Assistant Engineer Salary

(42 salaries)

₹2 L/yr - ₹3.6 L/yr

Production Manager Salary

(AmbitionBox Estimate)

₹0.8 L/yr - ₹1 L/yr

Design Engineer Salary

(106 salaries)

₹1.8 L/yr - ₹6.77 L/yr

Top skills at Lakshmi Machine Works for new Product Development Engineer

Solid Works NPD Sheet Metal Design 3D New Product Development New Product Design Design Engineering Product Design Design Validation Machine

Salary related reviews for Lakshmi Machine Works

3.0

Rated by 1 employees for salary & benefits

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

Senior Engineer in Pune

Customer Service Department Department

4.0

• posted on 21 Dec 2019

3.0

for Salary and Benefits

Likes

Colleagues here are helpful and good to work with, you can learn a lot and gain vital experience. Company has good credit and one of the prominent names in the industry.

Skill development - Good

+1 more

Dislikes

Growth is slow, compensation and increments are also average. Managers don’t value suggestions, laid back attitude.

Promotions - Poor

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

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

Purchase Engineer in Coimbatore

Full Time

Procurement & Supply Chain Department

1.0

• posted on 12 Sep 2023

3.0

for Salary and Benefits

Likes

No positives

Promotions - Good

Dislikes

...agers frequently bothering even during medical leave due to system shortcomings. High attrition rates plague SCM, exacerbated by attractive salary offers that ultimately lead to rapid resignations due to this culture less working environment. Prospective employees are requested to thoroughly investigate before joining or don't consider this organization.

Skill development - Bad

+3 more

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Lakshmi Machine Works new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Lakshmi Machine Works?

new Product Development Engineer salary at Lakshmi Machine Works in India ranges between ₹4.0 Lakhs to ₹6.5 Lakhs for experience between 3 years to 5 years. According to our estimates it is 17% more than the average new Product Development Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Lakshmi Machine Works India.

How does the salary of a new Product Development Engineer at Lakshmi Machine Works India compare with the average salary range for this job?

The average salary of a new Product Development Engineer at Lakshmi Machine Works is 17% more than the average salary of a new Product Development Engineer in India. To know exact salary insights, login to view.

What are the top skills required to work as a new Product Development Engineer at Lakshmi Machine Works?

Solid Works, NPD, Sheet Metal Design, 3D and New Product Development are some of the popular skills required to work as a new Product Development Engineer at Lakshmi Machine Works India.

Which similar companies are paying more than Lakshmi Machine Works to a new Product Development Engineer in India?

HCLTech new Product Development Engineer Salary - ₹9.0 Lakhs to ₹16.0 Lakhs per year
Flowserve new Product Development Engineer Salary - ₹9.4 Lakhs to ₹10.5 Lakhs per year
Thermax Limited new Product Development Engineer Salary - ₹6.3 Lakhs to ₹11.1 Lakhs per year
Cummins new Product Development Engineer Salary - ₹7.4 Lakhs to ₹9.4 Lakhs per year
Tech Mahindra new Product Development Engineer Salary - ₹4.0 Lakhs to ₹7.0 Lakhs per year

What is the salary of a new Product Development Engineer in companies similar to Lakshmi Machine Works in India?

TCS new Product Development Engineer Salary - ₹3.4 Lakhs to ₹7.6 Lakhs per year
EMERSON PROCESS MANAGEMENT new Product Development Engineer Salary - ₹3.6 Lakhs to ₹4.6 Lakhs per year
C.R.I. Pumps new Product Development Engineer Salary - ₹1.6 Lakhs to ₹2.0 Lakhs per year

What is the estimated take home salary of a new Product Development Engineer at Lakshmi Machine Works in India?

The estimated take-home salary of a new Product Development Engineer at Lakshmi Machine Works ranges between ₹35,020 per month to ₹36,259 per month in India. The take-home salary calculation is based on the average Lakshmi Machine Works new Product Development Engineer salary in India which ranges between ₹4.0 Lakhs to ₹6.5 Lakhs per year for employees with experience between 3 years to 5 years. Check how did we calculate take home salary?

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Lakshmi Machine Works new Product Development Engineer Salaries

Lakshmi Machine Works new Product Development Engineer salary in India ranges between ₹4 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Lakshmi Machine Works latest salaries received from various employees of Lakshmi Machine Works.

Lakshmi Machine Works new Product Development Engineer salaries in India

Companies similar to Lakshmi Machine Works for new Product Development Engineer

Latest annual salaries shared by Lakshmi Machine Works new Product Development Engineer

Experience wise Lakshmi Machine Works new Product Development Engineer salaries

Similar Designation salaries in Lakshmi Machine Works

Top skills at Lakshmi Machine Works for new Product Development Engineer

Salary related reviews for Lakshmi Machine Works

Senior Design Engineer in Coimbatore

Senior Engineer in Pune

Design Engineer in Coimbatore

Technical Sales Engineer in Pune

Purchase Engineer in Coimbatore

Lakshmi Machine Works new Product Development Engineer Salary FAQs

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