Lucas-TVS Senior Engineer Product Development Salaries by 4 Employees

15 - 17 years exp.

₹6.5 Lakhs - ₹10 Lakhs

Low Confidence

Salary of majority employees

46% less than the average Senior Engineer Product Development Salary in Auto Components Companies for 15 - 17 years of experience

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Salaries in different departments

Research & Development Senior Engineer Product Development Salary 15 - 17 years exp. (AmbitionBox Estimate)	₹6.5 L/yr - ₹6.8 L/yr
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Production, Manufacturing & Engineering Senior Engineer Product Development Salary 17 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11 L/yr

Last Updated: 12 Oct 2024

Companies similar to Lucas-TVS for Senior Engineer Product Development

Company name	Avg Annual Salary	Open Jobs
Faurecia Senior Engineer Product Development Salary 4 - 9 years exp. (6 salaries)	₹9.3 L/yr - ₹11.1 L/yr 22% more
Ask Automotive Senior Engineer Product Development Salary 4 - 8 years exp. (4 salaries)	₹3.8 L/yr - ₹7 L/yr 42% less
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Forvia Hella Senior Engineer Product Development Salary 3 - 7 years exp. (4 salaries)	₹5.8 L/yr - ₹11.2 L/yr 3% more
Bosch Senior Engineer Product Development Salary 1 - 8 years exp. (4 salaries)	₹7 L/yr - ₹19.5 L/yr 34% more
HARMAN Senior Engineer Product Development Salary 3 - 8 years exp. (833 salaries)	₹7 L/yr - ₹24.5 L/yr 115% more

Senior Engineer Product Development salary at Lucas-TVS ranges between ₹6.5 Lakhs to ₹10 Lakhs per year for employees with experience between 15 years to 17 years. Salary estimates are based on 4 latest salaries received from various employees of Lucas-TVS.

Experience wise Lucas-TVS Senior Engineer Product Development salaries

Last Updated: 12 Oct 2024

Experience	Avg Annual Salary
15+ years (4 salaries)	₹6.5 L/yr - ₹10 L/yr
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Salary related reviews for Lucas-TVS

4.0

Rated by 1 employees for salary & benefits

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 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

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

Short Term Trainee in Chennai

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 08 Sep 2023

1.0

for Salary and Benefits

Likes

Only thing good at this is food and ppe kit (The company run by vegan's)

Dislikes

... be run by diploma students It's not a permanent role , It valid only one year They just need fresher who work for low salary , without asking any questions about promotion

Salary - Bad

+6 more

Senior Quality Engineer in Pantnagar

Full Time

Quality Assurance Department

3.0

• posted on 18 Oct 2022

1.0

for Salary and Benefits

Likes

Nothing much to like

Work-life balance - Good

Dislikes

No salary growth, no promotions for straight 5 to 6 years to maximum enployees. For each designation there, 2 to 3 grades..and each grade changes in 3 to 4 years. Means designation will change in 5 to 6 years. One should join here , learn and quit in one year.

Salary - Bad

+3 more

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Lucas-TVS Senior Engineer Product Development Salary FAQs

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

The average salary of a Senior Engineer Product Development at Lucas-TVS in India typically ranges from ₹6.5 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 15 years to 17 years).

The top 10% of Senior Engineer Product Development at Lucas-TVS earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Senior Engineer Product 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 4 Lucas-TVS employees in India.

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

The estimated take-home salary of a Senior Engineer Product Development at Lucas-TVS in India typically ranges from ₹59,513 to ₹61,016 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 15 years to 17 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 4 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 Senior Engineer Product Development in India?

HARMAN	₹7.0 Lakhs to ₹24.5 Lakhs per year
Bosch	₹7.0 Lakhs to ₹19.5 Lakhs per year
Faurecia	₹9.3 Lakhs to ₹11.1 Lakhs per year
Forvia Hella	₹5.8 Lakhs to ₹11.2 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 Senior Engineer Product Development in companies similar to Lucas-TVS in India?

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

Ask Automotive

₹3.8 Lakhs to ₹7.0 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 Senior Engineer Product Development at Lucas-TVS in India?

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

Experience	Average Salary Range
15 years	₹6.5 Lakhs to ₹10.0 Lakhs per year

and so on.

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Lucas-TVS Senior Engineer Product Development Salaries

Lucas-TVS Senior Engineer Product Development salary in India ranges between ₹6.5 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Lucas-TVS latest salaries received from various employees of Lucas-TVS.