Larsen & Toubro Limited Manager new Product Development Salaries by 5 Employees

9 - 12 years exp.

₹11 Lakhs - ₹12 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

30% less than the average Manager new Product Development Salary in Engineering & Construction Companies for 9 - 12 years of experience

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Last Updated: 9 Sep 2024

Companies similar to Larsen & Toubro Limited for Manager new Product Development

Company name	Avg Annual Salary	Open Jobs
Havells Manager new Product Development Salary 11 - 16 years exp. (9 salaries)	₹17 L/yr - ₹23 L/yr 87% more
Escorts Kubota Limited Manager new Product Development Salary 8 - 20 years exp. (8 salaries)	₹11.9 L/yr - ₹20 L/yr 33% more
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LG Electronics Manager new Product Development Salary 14 - 18 years exp. (8 salaries)	₹20 L/yr - ₹35 L/yr 114% more
Schneider Electric Manager new Product Development Salary 5 - 8 years exp. (7 salaries)	₹11 L/yr - ₹15 L/yr 14% more
Mahindra & Mahindra Manager new Product Development Salary 13 - 20 years exp. (7 salaries)	₹15.5 L/yr - ₹35 L/yr 134% more

Manager new Product Development salary at Larsen & Toubro Limited ranges between ₹11 Lakhs to ₹12 Lakhs per year for employees with experience between 9 years to 12 years. Salary estimates are based on 5 latest salaries received from various employees of Larsen & Toubro Limited.

Experience wise Larsen & Toubro Limited Manager new Product Development salaries

Last Updated: 9 Sep 2024

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.1 L/yr
10 years (AmbitionBox Estimate)	₹10.4 L/yr - ₹13.3 L/yr
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11 years (AmbitionBox Estimate)	₹10.6 L/yr - ₹13.5 L/yr
12 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.7 L/yr

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Salary related reviews for Larsen & Toubro Limited

Assistant Engineering Manager in Chennai

Full Time

Construction & Site Engineering Department

3.0

• posted on 15 Oct 2024

1.0

for Salary and Benefits

Likes

Job security

Job security - Good

Dislikes

Pure hierarchical Structure No or minimal scope for new ideas or innovation. Lagging in catch hold of technological advancements Very poor salary compared to peer companies No WFH or hybrid culture. No work life balance at all.

Salary - Bad

+3 more

Design Engineer in Hazira

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 02 Aug 2024

1.0

for Salary and Benefits

Likes

Starting phase as a GET/PGET CTC is less but learning opportunities are there.

Job security - Excellent

Dislikes

...peanuts amounts. talking about specifically HE IC.. other IC have handsome PLR.. HE IC is biggest looting IC they do manipulation all the time in name of promotion or increment in salary.

Salary - Bad

+4 more

Structural Design Engineer in Faridabad

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 29 Dec 2023

3.0

for Salary and Benefits

Likes

WORKLIFE BALANCE JOB SECURITY SKILL DEVELOPMENT PROCESSES/OPPORTUNITIES

Skill development - Good

+2 more

Dislikes

...Authorities or the mindset to select the known person. 4. Differentiations (i.e. salary, designation, Cadre & other benefits) between lateral entries & direct entries irrespective of knowledge/capabilities & year of experiences. 5. Strict working hours.

Company culture - Poor

Draughtsman Civil in Faridabad

Full Time

Construction & Site Engineering Department

3.0

• posted on 27 Sep 2023

1.0

for Salary and Benefits

Likes

Larsen and Toubro's diverse projects, commitment to learning, excellent job security, global presence, and focus on technological innovation contribute to a positive work environment for many employees.

Job security - Excellent

+1 more

Dislikes

Dislikes about working at Larsen and Toubro (L&T) may stem from poor work-life balance, dissatisfaction with salary and benefits, limited opportunities for skill development, challenges in the company culture, and concerns about promotions and appraisals. Addressing these issues through open communication with supervisors or HR may help improve the overall work experience.

Salary - Bad

+4 more

Senior Design Engineer in Chennai

Full Time

Research & Development Department

1.0

• posted on 12 May 2021

1.0

for Salary and Benefits

Likes

Ac paid bus. Good food at reasonable cost.

Job security - Excellent

+1 more

Dislikes

No social life. No hike because of covid. Only 50% of variable pay during covid. No lockdown. No work from home. All Saturday's working. Never heard of team outings. Have to do mandatory OT everyday without being paid for it.

Salary - Bad

+4 more

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Seeking Referral

Hi everyone, I’m currently exploring new career opportunities and would greatly appreciate a referral at any of the following companies: Google Larsen & Toubro (L&T) Boston Consulting Group (BCG) GMR Group Clifford Chance If you’re an employee at any of these organizations or know someone who could help, I’d be grateful for your support. Please feel free to reach out, and I’d be happy to share my resume and details.

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Larsen & Toubro Limited Manager new Product Development Salary FAQs

What is the salary of Manager new Product Development at Larsen & Toubro Limited ?

The average salary of a Manager new Product Development at Larsen & Toubro Limited in India typically ranges from ₹11.0 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 9 years to 12 years).

The top 10% of Manager new Product Development at Larsen & Toubro Limited earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Manager new Product Development Salaries at Larsen & Toubro Limited can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 5 Larsen & Toubro Limited employees in India.

What is the estimated take home salary of a Manager new Product Development at Larsen & Toubro Limited in India?

The estimated take-home salary of a Manager new Product Development at Larsen & Toubro Limited in India typically ranges from ₹82,988 to ₹85,155 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 9 years to 12 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 5 salaries received from various employees of Larsen & Toubro Limited. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Larsen & Toubro Limited for Manager new Product Development in India?

Mahindra & Mahindra	₹15.5 Lakhs to ₹35.0 Lakhs per year
LG Electronics	₹20.0 Lakhs to ₹35.0 Lakhs per year
Havells	₹17.0 Lakhs to ₹23.0 Lakhs per year
Escorts Kubota Limited	₹11.9 Lakhs to ₹20.0 Lakhs per year
Schneider Electric	₹11.0 Lakhs to ₹15.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Larsen & Toubro Limited, depending on the role and experience level.

How the salary growth look like for a Manager new Product Development at Larsen & Toubro Limited in India?

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

Experience	Average Salary Range
9 years	₹10.3 Lakhs to ₹13.1 Lakhs per year
10 years	₹10.4 Lakhs to ₹13.3 Lakhs per year
11 years	₹10.6 Lakhs to ₹13.5 Lakhs per year
12 years	₹10.7 Lakhs to ₹13.7 Lakhs per year

and so on.

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Larsen & Toubro Limited Manager new Product Development Salaries

Larsen & Toubro Limited Manager new Product Development salary in India ranges between ₹11 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Larsen & Toubro Limited latest salaries received from various employees of Larsen & Toubro Limited.