Lucas-TVS Assistant Manager Design & Development Salaries by 6 Employees

7 - 12 years exp.

₹8 Lakhs - ₹12 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Monthly In-hand Salary

6% more than the average Assistant Manager Design & Development Salary in Auto Components Companies for 7 - 12 years of experience

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Last Updated: 26 Sep 2024

Companies similar to Lucas-TVS for Assistant Manager Design & Development

Company name	Avg Annual Salary	Open Jobs
UNO Minda Assistant Manager Design & Development Salary 5 - 7 years exp. (4 salaries)	₹1.4 L/yr - ₹8 L/yr 61% less
Micro Turners Assistant Manager Design & Development Salary 7 - 13 years exp. (3 salaries)	₹5.1 L/yr - ₹6 L/yr 40% less
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Ask Automotive Assistant Manager Design & Development Salary 8 - 11 years exp. (3 salaries)	₹6.2 L/yr - ₹7 L/yr 30% less
Godrej & Boyce Manufacturing Assistant Manager Design & Development Salary 2 - 10 years exp. (11 salaries)	₹5.5 L/yr - ₹9.2 L/yr 29% less
Padmini VNA Mechatronics Assistant Manager Design & Development Salary 6 - 12 years exp. (11 salaries)	₹6.6 L/yr - ₹14.5 L/yr 26% more

Assistant Manager Design & Development salary at Lucas-TVS ranges between ₹8 Lakhs to ₹12 Lakhs per year for employees with experience between 7 years to 12 years. Salary estimates are based on 6 latest salaries received from various employees of Lucas-TVS.

Experience wise Lucas-TVS Assistant Manager Design & Development salaries

Last Updated: 26 Sep 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹8 L/yr - ₹8 L/yr
8 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
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9 years (AmbitionBox Estimate)	₹8 L/yr - ₹16.1 L/yr
10 years (AmbitionBox Estimate)	₹9 L/yr - ₹10 L/yr
11 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹11 L/yr
12 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹12 L/yr

View all

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Salary related reviews for Lucas-TVS

4.0

Rated by 1 employees for salary & benefits

Senior Design Engineer in Chennai

Full Time

Research & Development Department

3.0

• posted on 02 Oct 2024

3.0

for Salary and Benefits

Likes

Good food, very good learning because they will dumb the work so you will start to learn.. nice uniform,

Skill development - Good

+1 more

Dislikes

All Saturday working, no sick leave or emergency leave, poor appraisal percentage, huge politics, salary scale is too poor compared to market.

Promotions - Poor

+2 more

Research And Development in Chennai

Research & Development Department

3.0

• posted on 22 Jul 2021

2.0

for Salary and Benefits

Likes

1. Good organisation for fresher 2. Work Life Balance depends on the department. 3. Free breakfast and Lunch

Skill development - Excellent

+3 more

Dislikes

1. poor Financial Growth 2. Whatever the Negotiated salary you will get only at the end of first year. 3. Six days working.

Salary - Poor

+1 more

Graduate Apprentice Trainee in Chennai

Production Department

2.0

• posted on 16 Aug 2018

1.0

for Salary and Benefits

Likes

The work load is pretty less compared to other automobile industries. The working standards are safer .

Dislikes

Longer working hours with no overtime pay , sometimes you may be forced to work on Sundays too and change shifts.

Salary - Bad

+4 more

Middle Level Manager in Chennai

Full Time

Other Department

4.0

• posted on 10 Nov 2024

2.0

for Salary and Benefits

Likes

Great company for learning. Mistakes are not seen fatal Good facilities

Job security - Excellent

+1 more

Dislikes

Non standard salary compensation. Outside talents are respected more than inhouse talents N+1 decides your growth. Effort, output and Recognition is not comparable across verticals/ departments

Salary - Poor

Senior Engineer Mechanical in Pondicherry / Puducherry

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 28 Feb 2024

3.0

for Salary and Benefits

Likes

Only thing food is provided

Dislikes

...gned. This can lead to dissatisfaction and confusion for new employees. Salary Hike and CTC: Negotiating a 20-30% hike is commendable, but the lack of clarity regarding the CTC (Cost to Company) in the offer can be misleading. Employees deserve accurate information upfront. Deductions and Hidden Costs: Deducting costs such as medical allowance, insurance, LTA, lunch, snacks, uniform, and transport without clear communication can be frustrating. Transparency is crucial to build trust. Leave Policy: Having only 14 days of earned leave (without casual or sick leaves) seems restrictive. Adequate leave provisions are essential for work-life balance. Resignation Process and Offer Correction: If you are hired by Lucas-TVS, it is crucial to receive a formal offer letter before taking any steps related to resignation. Insist on having all terms and conditions in writing, including the designation, compensation, and other relevant details. If the offer is not provided officially over email or in writing, exercise caution and seek clarification. The subsequent threat of cancellation adds unnecessary stress. Correcting the offer after joining, especially regarding designation and CTC, is unfair and disappointing. THE COMPANY IS NOT FOR ENERGETIC ONES

Skill development - Bad

+3 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Lucas-TVS Assistant Manager Design & Development Salary FAQs

What is the salary of Assistant Manager Design & Development at Lucas-TVS ?

The average salary of a Assistant Manager Design & Development at Lucas-TVS in India typically ranges from ₹8.0 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 7 years to 12 years).

The top 10% of Assistant Manager Design & Development at Lucas-TVS earn more than ₹11.9 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Assistant Manager Design & Development Salaries at Lucas-TVS 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 6 Lucas-TVS employees in India.

What is the estimated take home salary of a Assistant Manager Design & Development at Lucas-TVS in India?

The estimated take-home salary of a Assistant Manager Design & Development at Lucas-TVS in India typically ranges from ₹68,937 to ₹70,707 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 7 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 6 salaries received from various employees of Lucas-TVS. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Lucas-TVS for Assistant Manager Design & Development in India?

Padmini VNA Mechatronics

₹6.6 Lakhs to ₹14.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Lucas-TVS, depending on the role and experience level.

What is the salary of a Assistant Manager Design & Development in companies similar to Lucas-TVS in India?

The salary of a Assistant Manager Design & Development at companies similar to Lucas-TVS in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Godrej & Boyce Manufacturing	₹5.5 Lakhs to ₹9.2 Lakhs per year
Ask Automotive	₹6.2 Lakhs to ₹7.0 Lakhs per year
Micro Turners	₹5.1 Lakhs to ₹6.0 Lakhs per year
UNO Minda	₹1.4 Lakhs to ₹8.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Assistant Manager Design & Development at Lucas-TVS in India?

The salary growth for a Assistant Manager Design & Development at Lucas-TVS depends on factors such as experience, performance, and promotions. On average, a Assistant Manager Design & Development can expect the following growth trajectory at Lucas-TVS:

Experience	Average Salary Range
7 years	₹8.0 Lakhs to ₹8.0 Lakhs per year
8 years	₹7.3 Lakhs to ₹9.3 Lakhs per year
9 years	₹8.0 Lakhs to ₹16.1 Lakhs per year
10 years	₹9.0 Lakhs to ₹10.0 Lakhs per year

and so on.

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Lucas-TVS Assistant Manager Design & Development Salaries

Lucas-TVS Assistant Manager Design & Development salary in India ranges between ₹8 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Lucas-TVS latest salaries received from various employees of Lucas-TVS.