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Lakshmi Machine Works

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4.0

based on 736 Reviews

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Lakshmi Machine Works new Product Development Engineer salaries in India

Annual salary range
3 - 5 years exp.
₹4 Lakhs - ₹6.5 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.
Salary of majority employees
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24% more than the average new Product Development Engineer Salary in Industrial Machinery Companies for 3 - 5 years of experience

Interested in this particular role?

Salaries in different departments

Procurement & Supply Chain
new Product Development Engineer Salary
4 - 5 years exp. (AmbitionBox Estimate)
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₹4.3 L/yr - ₹5.3 L/yr

Production, Manufacturing & Engineering
new Product Development Engineer Salary
5 years exp. (AmbitionBox Estimate)
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₹5.9 L/yr - ₹7.2 L/yr

Research & Development
new Product Development Engineer Salary
3 years exp. (AmbitionBox Estimate)
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₹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
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Thermax Limited new Product Development Engineer Salary

0 - 5 years exp. (4 salaries)
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₹6.3 L/yr - ₹10.6 L/yr

arrow icon 85% more
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TCS new Product Development Engineer Salary

0 - 8 years exp. (12 salaries)
unlock blur

₹3.4 L/yr - ₹7.6 L/yr

arrow icon 8% more
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Tech Mahindra new Product Development Engineer Salary

4 - 6 years exp. (4 salaries)
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₹4 L/yr - ₹7 L/yr

arrow icon 30% more
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HCLTech new Product Development Engineer Salary

0 - 15 years exp. (5 salaries)
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₹5 L/yr - ₹13.1 L/yr

arrow icon 95% more
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INDO-MIM new Product Development Engineer Salary

0 - 4 years exp. (72 salaries)
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₹2.7 L/yr - ₹5.7 L/yr

arrow icon 16% less
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C.R.I. Pumps new Product Development Engineer Salary

1 - 3 years exp. (4 salaries)
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₹1.6 L/yr - ₹2 L/yr

arrow icon 64% less
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EMERSON PROCESS MANAGEMENT new Product Development Engineer Salary

3 - 4 years exp. (3 salaries)
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₹3.6 L/yr - ₹4.6 L/yr

arrow icon 16% less
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Flowserve new Product Development Engineer Salary

8 - 11 years exp. (3 salaries)
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₹9.4 L/yr - ₹10.5 L/yr

arrow icon 116% more
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Cummins new Product Development Engineer Salary

3 - 6 years exp. (3 salaries)
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₹7.4 L/yr - ₹9.4 L/yr

arrow icon 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.

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

1y ago
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4 years exp.
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5 years exp.
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3 years exp.
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5 years exp.

Experience wise Lakshmi Machine Works new Product Development Engineer salaries

Last Updated: 14 Mar 2023

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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

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₹1.8 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)

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₹4.8 L/yr - ₹6.5 L/yr

Similar Designation salaries in Lakshmi Machine Works

Product Development Engineer Salary
(5 salaries)
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₹4.5 L/yr - ₹6.47 L/yr
Production Engineer Salary
(40 salaries)
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₹1.05 L/yr - ₹7.2 L/yr
Senior Design Engineer Salary
(80 salaries)
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₹5 L/yr - ₹9.5 L/yr
Project Engineer Salary
(3 salaries)
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₹5 L/yr - ₹5.5 L/yr
Senior Software Engineer Salary
(4 salaries)
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₹7.2 L/yr - ₹8.7 L/yr
Production Officer Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4.1 L/yr
Assistant Engineer Salary
(48 salaries)
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₹1.5 L/yr - ₹3.6 L/yr
Production Manager Salary
(AmbitionBox Estimate)
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₹0.8 L/yr - ₹1 L/yr
Design Engineer Salary
(102 salaries)
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₹1.8 L/yr - ₹7.88 L/yr
Mechanical Engineer Salary
(29 salaries)
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₹2 L/yr - ₹7.25 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

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.

read 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.

read more

Dislikes

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

read 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.

read more

Dislikes

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

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.

Dislikes

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

read 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

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.

read more
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2w
a technical project manager
Deadend
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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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 24% 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 24% 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?
  • Flowserve new Product Development Engineer Salary - ₹9.4 Lakhs to ₹10.5 Lakhs per year
  • HCLTech new Product Development Engineer Salary - ₹5.0 Lakhs to ₹13.1 Lakhs per year
  • Cummins new Product Development Engineer Salary - ₹7.4 Lakhs to ₹9.4 Lakhs per year
  • Thermax Limited new Product Development Engineer Salary - ₹6.3 Lakhs to ₹10.6 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
  • INDO-MIM new Product Development Engineer Salary - ₹2.7 Lakhs to ₹5.7 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 salary in India ranges between ₹4 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Lakshmi Machine Works latest salaries received from various employees of Lakshmi Machine Works.