Lumax Industries Manager new Product Development Salaries by 6 Employees (Updated 2024)

3 - 14 years exp.

₹6 Lakhs - ₹16 Lakhs

Low Confidence

Salary of majority employees

31% less than the average Manager new Product Development Salary in Auto Components Companies for 3 - 14 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Manager new Product Development Salary 10 - 12 years exp. (3 salaries)	₹13.3 L/yr - ₹15 L/yr
Engineering - Software & QA Manager new Product Development Salary 3 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.6 L/yr
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Project & Program Management Manager new Product Development Salary 14 years exp. (AmbitionBox Estimate)	₹14.4 L/yr - ₹17.6 L/yr
Research & Development Manager new Product Development Salary 13 years exp. (AmbitionBox Estimate)	₹14.4 L/yr - ₹17.6 L/yr

Last Updated: 16 Mar 2023

Companies similar to Lumax Industries for Manager new Product Development

Company name	Avg Annual Salary	Open Jobs
UNO Minda Manager new Product Development Salary 3 - 28 years exp. (4 salaries)	₹15 L/yr - ₹27 L/yr 92% more
Suprajit Engineering Manager new Product Development Salary 20 - 23 years exp. (4 salaries)	₹12 L/yr - ₹12 L/yr 6% more
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TVS Sundram Fasteners Manager new Product Development Salary 21 - 23 years exp. (6 salaries)	₹16 L/yr - ₹20.5 L/yr 54% more
Gabriel India Manager new Product Development Salary 13 - 17 years exp. (3 salaries)	₹10.4 L/yr - ₹15 L/yr 10% more
CIE Automotive Manager new Product Development Salary 12 - 25 years exp. (6 salaries)	₹9.1 L/yr - ₹11.8 L/yr 7% less
Michelin Manager new Product Development Salary 1 - 15 years exp. (3 salaries)	₹15.5 L/yr - ₹19.5 L/yr 60% more

Manager new Product Development salary at Lumax Industries ranges between ₹6 Lakhs to ₹16 Lakhs per year for employees with experience between 3 years to 14 years. Salary estimates are based on 6 latest salaries received from various employees of Lumax Industries.

Experience wise Lumax Industries Manager new Product Development salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹6 L/yr - ₹6 L/yr
4 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.5 L/yr
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5 years (AmbitionBox Estimate)	₹7 L/yr - ₹8.6 L/yr
6 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹9.7 L/yr
7 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹10.8 L/yr
8 years (AmbitionBox Estimate)	₹9.8 L/yr - ₹12 L/yr
9 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.1 L/yr
10 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹13.3 L/yr
11 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹15 L/yr
12 years (AmbitionBox Estimate)	₹6 L/yr - ₹15 L/yr
13 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹16 L/yr
14 years (AmbitionBox Estimate)	₹16 L/yr - ₹16 L/yr

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new Product Development Engineer Salary

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Product Design Engineer Salary

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₹2.9 L/yr - ₹6.5 L/yr

Design & Development Engineer Salary

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₹4 L/yr - ₹6 L/yr

Tool Room Manager Salary

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Salary related reviews for Lumax Industries

Senior Design Engineer in Gurgaon / Gurugram

Full Time

Research & Development Department

4.0

• posted on 26 Sep 2021

4.0

for Salary and Benefits

Likes

Good working environment and culture. Teammates supportive and management is transparent, Company policy are good, they are give good salary to employees.

Dislikes

On role employees not good Behaviour with third party employees, IT team not supportive except 1 or 2 people .

Assistant Engineer in Pune

Full Time

Media Production & Entertainment Department

4.0

• posted on 27 Nov 2024

3.0

for Salary and Benefits

Likes

Company provides bus and canteen facility 08 hour duty Weekly off Party function MCM function You can learn and increase your skill knowledge unlimited in lumax industries limited

Dislikes

Salary & promotion & appraisal is too slow if you are not skip & continues job in lumax then your salary is increased very slow compared other employees who hired from other companies as same role & responsibility DWM.

Machine Operator in Bangalore / Bengaluru

Full Time

Media Production & Entertainment Department

1.0

• posted on 04 Nov 2024

1.0

for Salary and Benefits

Likes

... a helper in Electrical department.12hr work No holiday .even Sunday also work .if you take a leave your salary will deduct .after 1yr work your salary hike only 5-7% only .when I am join my salary is only 6000/-rs per month.

Dislikes

...re as compared to mental work.no work life balance because no holiday available. If you take a leave your salary will deduct.in whole year only 2day holiday available there is Biswakarma Puja & Dilwali.remain 363 day working. no facility available like no food,no Travel allowance,No PF ,No Health insurance

Assistant Company Secretary in Gurgaon / Gurugram

Full Time

Legal & Regulatory Department

3.0

• posted on 24 Sep 2024

2.0

for Salary and Benefits

Likes

Salary always credits in time

Dislikes

They have a very bad salary structure. There is no work life balance. U can have charge of day to day affairs but very rare of the special tasks as the boss wants to do all of them on his own. It's 6 day working company & sometimes they even call on Sundays. As regards late sitting, I would say on an avg, u need to spend around 60 hrs a week.

Assistant Manager in Gurgaon / Gurugram

Full Time

Engineering - Software & QA Department

5.0

• posted on 20 Aug 2024

5.0

for Salary and Benefits

Likes

Salary structure Canteen facility..

Dislikes

In Lumax, Timing in NPD QUALITY not good.. Some Manager in other departments & Quality departments. NPD Quality some manager behaviour is not good.. Best regards, Jaiveer Singh

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Lumax Industries Manager new Product Development Salary FAQs

What is the salary of Manager new Product Development at Lumax Industries?

Manager new Product Development salary at Lumax Industries in India ranges between ₹6.0 Lakhs to ₹16.0 Lakhs for experience between 3 years to 14 years. According to our estimates it is 31% less than the average Manager new Product Development Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Lumax Industries India.

How does the salary of a Manager new Product Development at Lumax Industries India compare with the average salary range for this job?

The average salary of a Manager new Product Development at Lumax Industries is 31% less than the average salary of a Manager new Product Development in India. To know exact salary insights, login to view.

Which similar companies are paying more than Lumax Industries to a Manager new Product Development in India?

UNO Minda Manager new Product Development Salary - ₹15.0 Lakhs to ₹27.0 Lakhs per year
Michelin Manager new Product Development Salary - ₹15.5 Lakhs to ₹19.5 Lakhs per year
TVS Sundram Fasteners Manager new Product Development Salary - ₹16.0 Lakhs to ₹20.5 Lakhs per year
Gabriel India Manager new Product Development Salary - ₹10.4 Lakhs to ₹15.0 Lakhs per year
Suprajit Engineering Manager new Product Development Salary - ₹12.0 Lakhs to ₹12.0 Lakhs per year

What is the salary of a Manager new Product Development in companies similar to Lumax Industries in India?

CIE Automotive Manager new Product Development Salary - ₹9.1 Lakhs to ₹11.8 Lakhs per year

What is the estimated take home salary of a Manager new Product Development at Lumax Industries in India?

The estimated take-home salary of a Manager new Product Development at Lumax Industries ranges between ₹80,857 per month to ₹82,964 per month in India. The take-home salary calculation is based on the average Lumax Industries Manager new Product Development salary in India which ranges between ₹6.0 Lakhs to ₹16.0 Lakhs per year for employees with experience between 3 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Manager new Product Development at Lumax Industries?

According to AmbitionBox, 100% of the Lumax Industries Manager new Product Developments reported a notice period of 2 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Lumax Industries Manager new Product Development Salaries

Lumax Industries Manager new Product Development salary in India ranges between ₹6 Lakhs to ₹16 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Lumax Industries latest salaries received from various employees of Lumax Industries.