Lakshmi Machine Works Product Development Engineer Salaries by 6 Employees (Updated 2025)

2 - 7 years exp.

₹4.5 Lakhs - ₹6.5 Lakhs

Low Confidence

Salary of majority employees

31% less than the average Product Development Engineer Salary in Industrial Machinery Companies for 2 - 7 years of experience

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Last Updated: 14 Jan 2025

Companies similar to Lakshmi Machine Works for Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Voltas Product Development Engineer Salary 0 - 4 years exp. (3 salaries)	₹3.1 L/yr - ₹6 L/yr 25% less
Siemens Product Development Engineer Salary 0 - 12 years exp. (7 salaries)	₹6 L/yr - ₹13 L/yr 62% more
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TCS Product Development Engineer Salary 1 - 9 years exp. (21 salaries)	₹4 L/yr - ₹10 L/yr 23% more
Tech Mahindra Product Development Engineer Salary 4 - 10 years exp. (5 salaries)	₹9.5 L/yr - ₹14 L/yr 97% more
HCLTech Product Development Engineer Salary 1 - 7 years exp. (46 salaries)	₹2.6 L/yr - ₹7.1 L/yr 19% less
Cummins Product Development Engineer Salary 4 - 10 years exp. (6 salaries)	₹9.1 L/yr - ₹16 L/yr 94% more
Asb International Product Development Engineer Salary 4 - 7 years exp. (4 salaries)	₹3.2 L/yr - ₹4.2 L/yr 34% less
TechnipFMC Product Development Engineer Salary 1 - 8 years exp. (4 salaries)	₹6.2 L/yr - ₹9 L/yr 35% more

Product Development Engineer salary at Lakshmi Machine Works ranges between ₹4.5 Lakhs to ₹6.5 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 6 latest salaries received from various employees of Lakshmi Machine Works.

Experience wise Lakshmi Machine Works Product Development Engineer salaries

Last Updated: 14 Jan 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹4.5 L/yr
3 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹5.5 L/yr
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4 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.4 L/yr
5 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
6 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.5 L/yr
7 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹6.5 L/yr

View all

Similar Designation salaries in Lakshmi Machine Works

New Product Development Engineer Salary

(4 salaries)

₹4 L/yr - ₹6.5 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

Project Engineer Salary

(3 salaries)

₹5 L/yr - ₹5.5 L/yr

Senior Design Engineer Salary

(78 salaries)

₹5 L/yr - ₹9 L/yr

Production Officer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4.1 L/yr

Assistant Engineer Salary

(41 salaries)

₹2 L/yr - ₹3.6 L/yr

Production Manager Salary

(AmbitionBox Estimate)

₹0.8 L/yr - ₹1 L/yr

Design Engineer Salary

(107 salaries)

₹1.8 L/yr - ₹7.88 L/yr

Software Engineer Salary

(3 salaries)

₹3 L/yr - ₹5 L/yr

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

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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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Lakshmi Machine Works Product Development Engineer Salary FAQs

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

Product Development Engineer salary at Lakshmi Machine Works in India ranges between ₹4.5 Lakhs to ₹6.5 Lakhs for experience between 2 years to 7 years. According to our estimates it is 31% less than the average Product Development Engineer Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Lakshmi Machine Works India.

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

The average salary of a Product Development Engineer at Lakshmi Machine Works is 31% less than the average salary of a Product Development Engineer in India. To know exact salary insights, login to view.

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

Tech Mahindra Product Development Engineer Salary - ₹9.5 Lakhs to ₹14.0 Lakhs per year
Cummins Product Development Engineer Salary - ₹9.1 Lakhs to ₹16.0 Lakhs per year
Siemens Product Development Engineer Salary - ₹6.0 Lakhs to ₹13.0 Lakhs per year
TechnipFMC Product Development Engineer Salary - ₹6.2 Lakhs to ₹9.0 Lakhs per year
TCS Product Development Engineer Salary - ₹4.0 Lakhs to ₹10.0 Lakhs per year

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

HCLTech Product Development Engineer Salary - ₹2.6 Lakhs to ₹7.1 Lakhs per year
Voltas Product Development Engineer Salary - ₹3.1 Lakhs to ₹6.0 Lakhs per year
Asb International Product Development Engineer Salary - ₹3.2 Lakhs to ₹4.2 Lakhs per year

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

The estimated take-home salary of a Product Development Engineer at Lakshmi Machine Works ranges between ₹41,056 per month to ₹42,205 per month in India. The take-home salary calculation is based on the average Lakshmi Machine Works Product Development Engineer salary in India which ranges between ₹4.5 Lakhs to ₹6.5 Lakhs per year for employees with experience between 2 years to 7 years. Check how did we calculate take home salary?

What is the notice period for Product Development Engineer at Lakshmi Machine Works?

According to AmbitionBox, 67% of the Lakshmi Machine Works Product Development Engineers reported a notice period of 3 Months, 16% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

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Lakshmi Machine Works Product Development Engineer Salaries

Lakshmi Machine Works Product Development Engineer salary in India ranges between ₹4.5 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Lakshmi Machine Works latest salaries received from various employees of Lakshmi Machine Works.

Lakshmi Machine Works Product Development Engineer salaries in India

Companies similar to Lakshmi Machine Works for Product Development Engineer

Latest annual salaries shared by Lakshmi Machine Works Product Development Engineer

Experience wise Lakshmi Machine Works Product Development Engineer salaries

Similar Designation salaries in Lakshmi Machine Works

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 Product Development Engineer Salary FAQs

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