Lucas-TVS Product Development Engineer Salaries by 7 Employees

1 - 6 years exp.

₹4.5 Lakhs - ₹5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

41% less than the average Product Development Engineer Salary in Auto Components Companies for 1 - 6 years of experience

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Last Updated: 5 Oct 2024

Companies similar to Lucas-TVS for Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Faurecia Product Development Engineer Salary 5 - 16 years exp. (11 salaries)	₹8 L/yr - ₹16.5 L/yr 149% more
Bosch Product Development Engineer Salary 0 - 3 years exp. (8 salaries)	₹3 L/yr - ₹10 L/yr 10% more
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Apollo Tyres Product Development Engineer Salary 2 - 11 years exp. (7 salaries)	₹3 L/yr - ₹11.4 L/yr 50% more
Aptiv Product Development Engineer Salary 2 - 5 years exp. (5 salaries)	₹6.1 L/yr - ₹8.4 L/yr 40% more
Amara Raja Group Product Development Engineer Salary 1 - 5 years exp. (5 salaries)	₹3.6 L/yr - ₹5.5 L/yr 12% less
UNO Minda Product Development Engineer Salary 1 - 8 years exp. (3 salaries)	₹6.4 L/yr - ₹6.5 L/yr 35% more
Ask Automotive Product Development Engineer Salary 3 - 11 years exp. (3 salaries)	₹4.2 L/yr - ₹5.5 L/yr 3% less
Valeo Product Development Engineer Salary 6 - 7 years exp. (3 salaries)	₹7.5 L/yr - ₹10 L/yr 88% more

Product Development Engineer salary at Lucas-TVS ranges between ₹4.5 Lakhs to ₹5 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 7 latest salaries received from various employees of Lucas-TVS.

Experience wise Lucas-TVS Product Development Engineer salaries

Last Updated: 5 Oct 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr
2 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
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3 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
4 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
5 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
6 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr

View all

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Product Engineer Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

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Production Officer Salary

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₹1.8 L/yr - ₹2.5 L/yr

Assistant Engineer Salary

(60 salaries)

₹2.45 L/yr - ₹5.3 L/yr

Production Manager Salary

(4 salaries)

₹12.5 L/yr - ₹13.85 L/yr

Design Engineer Salary

(69 salaries)

₹2 L/yr - ₹7.5 L/yr

Software Engineer Salary

(5 salaries)

₹5.06 L/yr - ₹8.5 L/yr

Salary related reviews for Lucas-TVS

1.1

Rated by 2 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

Assistant Engineer in Chennai

Defense Department

1.0

• posted on 18 Aug 2021

1.0

for Salary and Benefits

Likes

...kers. Worst company . You will not have any kind of improvements in skill wise..also salary wise.

Dislikes

Simply... a weak management. If you can cheat and chainchap to ur boss. Its ur place. No hard work required. Chainchap.

Salary - Bad

+6 more

Production Engineer

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 28 Aug 2019

3.0

for Salary and Benefits

Likes

Overall company growth is good and job security is not bad and learning more. But salary/ appraisal is not good growth. And work life balance also ok.

Company culture - Good

Dislikes

Training level is not good and job security is not good in current situation and salary is not good growth. Learning and work environment also not good.

Production Engineer in Rewari

Production engineer Department

2.0

• posted on 06 Oct 2018

1.0

for Salary and Benefits

Likes

...curity is terrible and staff behaviour is very poor with talking, rude behavior. And salary not provided on time and overall company is not good for job.... As our future.

Dislikes

Everything is not in this company plz do not join this company waste your time

Salary - Bad

+6 more

Assistant Engineer in Pondicherry / Puducherry

Process (Engineering) Department

3.0

• posted on 02 Jan 2019

3.0

for Salary and Benefits

Likes

Hello, In my experience, Lucas TVS is been a wonderful platform for beginners to learn more Skill & knowledge. Reasonable renumerance & benefits. I don't recommend beginners to not to stick around for more than 3 years.

Skill development - Good

+2 more

Dislikes

...ull on politics, politics everywhere keep that in mind. Not much in low level. Salary & grade revision is an absolute non-sense. Its all about your learning rather than depending on others. No OT or allowances

Company culture - Poor

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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 Product Development Engineer Salary FAQs

What is the salary of Product Development Engineer at Lucas-TVS ?

The average salary of a Product Development Engineer at Lucas-TVS in India typically ranges from ₹4.5 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Product Development Engineer at Lucas-TVS earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Product Development Engineer 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 7 Lucas-TVS employees in India.

What is the estimated take home salary of a Product Development Engineer at Lucas-TVS in India?

The estimated take-home salary of a Product Development Engineer at Lucas-TVS in India typically ranges from ₹35,794 to ₹37,022 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 1 year to 6 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 7 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 Product Development Engineer in India?

Faurecia	₹8.0 Lakhs to ₹16.5 Lakhs per year
Valeo	₹7.5 Lakhs to ₹10.0 Lakhs per year
Apollo Tyres	₹3.0 Lakhs to ₹11.4 Lakhs per year
Aptiv	₹6.1 Lakhs to ₹8.4 Lakhs per year
UNO Minda	₹6.4 Lakhs to ₹6.5 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 Product Development Engineer in companies similar to Lucas-TVS in India?

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

Bosch	₹3.0 Lakhs to ₹10.0 Lakhs per year
Ask Automotive	₹4.2 Lakhs to ₹5.5 Lakhs per year
Amara Raja Group	₹3.6 Lakhs to ₹5.5 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 Product Development Engineer at Lucas-TVS in India?

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

Experience	Average Salary Range
1 year	₹4.1 Lakhs to ₹5.3 Lakhs per year
2 years	₹4.2 Lakhs to ₹5.4 Lakhs per year
3 years	₹4.3 Lakhs to ₹5.5 Lakhs per year
4 years	₹4.4 Lakhs to ₹5.6 Lakhs per year

and so on.

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Lucas-TVS Product Development Engineer Salaries

Lucas-TVS Product Development Engineer salary in India ranges between ₹4.5 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Lucas-TVS latest salaries received from various employees of Lucas-TVS.