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Lucas-TVS Senior Engineer Product Development salaries in Chennai

Annual salary range
15 - 17 years exp.
₹6.5 Lakhs - ₹10 Lakhs
Salary of majority employees
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34% 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)
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₹6.5 L/yr - ₹6.8 L/yr

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

Last Updated: 12 Oct 2024

Companies similar to Lucas-TVS for Senior Engineer Product Development in Chennai

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Lucas-TVS Senior Engineer Product Development Salary

15 - 17 years exp. (4 salaries)

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₹6.5 L/yr - ₹10 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹13 L/yr - ₹20.5 L/yr

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₹8.4 L/yr - ₹15 L/yr

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₹9 L/yr - ₹12 L/yr

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₹3.4 L/yr - ₹8 L/yr

arrow icon 36% less
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₹5.8 L/yr - ₹7.7 L/yr

arrow icon 16% less
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.

Latest annual salaries shared by Lucas-TVS Senior Engineer Product Development in Chennai

2mo ago
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17 years exp.
1y ago
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17 years exp.
1y ago
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15 years exp.
1y ago
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15 years exp.

Experience wise Lucas-TVS Senior Engineer Product Development salaries in Chennai

Last Updated: 12 Oct 2024

Experience Avg Annual Salary
15+ years  (4 salaries)

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₹6.5 L/yr - ₹10 L/yr

Salary related reviews for Lucas-TVS

4.0

Rated by 1 employees for salary & benefits

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

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

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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,

Dislikes

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

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Full Time

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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

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Full Time

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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

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Full Time

 · 

Quality Assurance Department

3.0
  •  posted on 18 Oct 2022

1.0
 for  Salary and Benefits

Likes

Nothing much to like

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.

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Lucas-TVS Senior Engineer Product Development Salary FAQs

What is the salary of Senior Engineer Product Development at Lucas-TVS Chennai?
Senior Engineer Product Development salary at Lucas-TVS in Chennai ranges between ₹6.5 Lakhs to ₹10.0 Lakhs for experience between 15 years to 17 years. According to our estimates it is 34% less than the average Senior Engineer Product Development Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Lucas-TVS Chennai.
How does the salary of a Senior Engineer Product Development at Lucas-TVS Chennai compare with the average salary range for this job?
The average salary of a Senior Engineer Product Development at Lucas-TVS is 34% less than the average salary of a Senior Engineer Product Development in Chennai. To know exact salary insights, login to view.
Which similar companies are paying more than Lucas-TVS to a Senior Engineer Product Development in Chennai?
  • Ford Motor Senior Engineer Product Development Salary - ₹13.0 Lakhs to ₹20.5 Lakhs per year
  • Mahindra & Mahindra Senior Engineer Product Development Salary - ₹8.4 Lakhs to ₹15.0 Lakhs per year
  • Renault Nissan Technology & Business Centre India Senior Engineer Product Development Salary - ₹9.0 Lakhs to ₹12.0 Lakhs per year
What is the salary of a Senior Engineer Product Development in companies similar to Lucas-TVS in Chennai?
  • Detroit Engineered Products Senior Engineer Product Development Salary - ₹5.8 Lakhs to ₹7.7 Lakhs per year
  • Funskool India Senior Engineer Product Development Salary - ₹3.4 Lakhs to ₹8.0 Lakhs per year
What is the estimated take home salary of a Senior Engineer Product Development at Lucas-TVS in Chennai?
The estimated take-home salary of a Senior Engineer Product Development at Lucas-TVS ranges between ₹59,513 per month to ₹61,016 per month in Chennai. The take-home salary calculation is based on the average Lucas-TVS Senior Engineer Product Development salary in India which ranges between ₹6.5 Lakhs to ₹10.0 Lakhs per year for employees with experience between 15 years to 17 years. Check how did we calculate take home salary?
What is the notice period for Senior Engineer Product Development at Lucas-TVS in Chennai?
According to AmbitionBox, 100% of the Lucas-TVS Senior Engineer Product Developments in Chennai reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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