Lakshmi Machine Works Product Engineer Salaries by 5 Employees (Updated 2025)

1 - 3 years exp.

₹3 Lakhs - ₹7.4 Lakhs

Low Confidence

Salary of majority employees

54% less than the average Product Engineer Salary in Industrial Machinery Companies for 1 - 3 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Product Engineer Salary 3 years exp. (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.1 L/yr
Project & Program Management Product Engineer Salary 2 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
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Research & Development Product Engineer Salary 1 year exp. (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.5 L/yr

Last Updated: 16 Jun 2024

Companies similar to Lakshmi Machine Works for Product Engineer

Company name	Avg Annual Salary	Open Jobs
Siemens Product Engineer Salary 0 - 11 years exp. (3 salaries)	₹3.6 L/yr - ₹14.5 L/yr 129% more	1 job opening
TCS Product Engineer Salary 0 - 4 years exp. (367 salaries)	₹2.8 L/yr - ₹9.5 L/yr 34% more
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Infosys Product Engineer Salary Fresher (6 salaries)	₹5.8 L/yr - ₹8 L/yr 73% more
Wipro Product Engineer Salary 0 - 3 years exp. (61 salaries)	₹3 L/yr - ₹9.5 L/yr 29% more	5 job openings
Tech Mahindra Product Engineer Salary 2 - 7 years exp. (40 salaries)	₹3.1 L/yr - ₹8 L/yr 37% more	1 job opening
HCLTech Product Engineer Salary 1 - 6 years exp. (84 salaries)	₹2.8 L/yr - ₹8 L/yr 33% more
Cummins Product Engineer Salary 0 - 9 years exp. (127 salaries)	₹3.6 L/yr - ₹13 L/yr 116% more	4 job openings
TechnipFMC Product Engineer Salary 2 - 12 years exp. (31 salaries)	₹6.2 L/yr - ₹13 L/yr 146% more
Timken Product Engineer Salary 3 - 8 years exp. (15 salaries)	₹5.9 L/yr - ₹9 L/yr 81% more
Flowserve Product Engineer Salary 0 - 11 years exp. (4 salaries)	₹4.9 L/yr - ₹20 L/yr 216% more

Product Engineer salary at Lakshmi Machine Works ranges between ₹3 Lakhs to ₹7.4 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 5 latest salaries received from various employees of Lakshmi Machine Works.

Experience wise Lakshmi Machine Works Product Engineer salaries

Last Updated: 16 Jun 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.2 L/yr - ₹4.1 L/yr
2 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
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3 years (AmbitionBox Estimate)	₹3 L/yr - ₹7.4 L/yr

Similar Designation salaries in Lakshmi Machine Works

Project Engineer Salary

(3 salaries)

₹5 L/yr - ₹5.5 L/yr

Lead Engineer Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Senior Engineer Salary

(240 salaries)

₹4.7 L/yr - ₹11 L/yr

Software Engineer Salary

(3 salaries)

₹3 L/yr - ₹5 L/yr

Lead Software Engineer Salary

(AmbitionBox Estimate)

₹9.7 L/yr - ₹12.4 L/yr

Senior Software Engineer Salary

(4 salaries)

₹7.2 L/yr - ₹8.7 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.4 L/yr

Technical Lead Salary

(4 salaries)

₹3 L/yr - ₹4.05 L/yr

Associate Consultant Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Senior Consultant Salary

(AmbitionBox Estimate)

₹8.1 L/yr - ₹10.4 L/yr

Top skills at Lakshmi Machine Works for Product Engineer

Mechatronics Cost Reduction Procurement Simulink SCADA Microcontroller Product Engineering Accessories ISO Product Quality Kaizen Schematic Resource management HMI Control System

Salary related reviews for Lakshmi Machine Works

2.0

Rated by 1 employees for salary & benefits

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

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

System Incharge in Coimbatore

Full Time

Engineering - Software & QA Department

3.0

• posted on 30 Dec 2022

2.0

for Salary and Benefits

Likes

Ya best company to work but the one below management is very very poor. Can learn lot of things and can take the product owner ship but work life balance is very worst in the present management. And need to work only for one person in the company not for the betterment of company growth. And work life balance is very very very poor.

Skill development - Good

Dislikes

Salary, work life balance and very worst culture

Salary - Poor

+4 more

Engineer in Coimbatore

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 12 Feb 2023

4.0

for Salary and Benefits

Likes

Salary and Other supports by the management are Highlights.

Salary - Good

+1 more

Dislikes

Employees will show every day that its a naidu concern. They don't worry about the communication. How worst is they talk in telegu in a meeting , even team things inside the team.

Skill development - Poor

+3 more

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Lakshmi Machine Works Product Engineer Salary FAQs

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

Product Engineer salary at Lakshmi Machine Works in India ranges between ₹3.0 Lakhs to ₹7.4 Lakhs for experience between 1 years to 3 years. According to our estimates it is 54% less than the average Product Engineer Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Lakshmi Machine Works India.

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

The average salary of a Product Engineer at Lakshmi Machine Works is 54% less than the average salary of a Product Engineer in India. To know exact salary insights, login to view.

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

Mechatronics, Cost Reduction, Procurement, Simulink and SCADA are some of the popular skills required to work as a Product Engineer at Lakshmi Machine Works India.

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

Flowserve Product Engineer Salary - ₹4.9 Lakhs to ₹20.0 Lakhs per year
TechnipFMC Product Engineer Salary - ₹6.2 Lakhs to ₹13.0 Lakhs per year
Siemens Product Engineer Salary - ₹3.6 Lakhs to ₹14.5 Lakhs per year
Cummins Product Engineer Salary - ₹3.6 Lakhs to ₹13.0 Lakhs per year
Timken Product Engineer Salary - ₹5.9 Lakhs to ₹9.0 Lakhs per year

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

Infosys Product Engineer Salary - ₹5.8 Lakhs to ₹8.0 Lakhs per year
Tech Mahindra Product Engineer Salary - ₹3.1 Lakhs to ₹8.0 Lakhs per year
TCS Product Engineer Salary - ₹2.8 Lakhs to ₹9.5 Lakhs per year
HCLTech Product Engineer Salary - ₹2.8 Lakhs to ₹8.0 Lakhs per year
Wipro Product Engineer Salary - ₹3.0 Lakhs to ₹9.5 Lakhs per year

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

The estimated take-home salary of a Product Engineer at Lakshmi Machine Works ranges between ₹28,075 per month to ₹29,468 per month in India. The take-home salary calculation is based on the average Lakshmi Machine Works Product Engineer salary in India which ranges between ₹3.0 Lakhs to ₹7.4 Lakhs per year for employees with experience between 1 years to 3 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Lakshmi Machine Works Product Engineers reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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Lakshmi Machine Works Product Engineer Salaries

Lakshmi Machine Works Product Engineer salary in India ranges between ₹3 Lakhs to ₹7.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Lakshmi Machine Works latest salaries received from various employees of Lakshmi Machine Works.