Lumax Industries Gurgaon / Gurugram Manager new Product Development Salaries by 3 Employees

12 - 14 years exp.

₹15 Lakhs - ₹16 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

19% less than the average Manager new Product Development Salary in Auto Components Companies for 12 - 14 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Manager new Product Development Salary 12 years exp. (AmbitionBox Estimate)	₹13.5 L/yr - ₹16.5 L/yr
Project & Program Management Manager new Product Development Salary 14 years exp. (AmbitionBox Estimate)	₹14.4 L/yr - ₹17.6 L/yr
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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 in Gurgaon / Gurugram

Lumax Industries Manager new Product Development Salary

12 - 14 years exp. (3 salaries)

₹15 L/yr - ₹16 L/yr

Company name	Avg Annual Salary	Open Jobs
Maruti Suzuki Manager new Product Development Salary 9 - 11 years exp. (6 salaries)	₹17 L/yr - ₹34.4 L/yr 75% more	2 job openings
Bharti Airtel Manager new Product Development Salary 4 - 7 years exp. (4 salaries)	₹12.5 L/yr - ₹18.5 L/yr 7% less
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Roop Automotives Manager new Product Development Salary 18 - 23 years exp. (4 salaries)	₹18.8 L/yr - ₹29.3 L/yr 54% more
Ag Industries Manager new Product Development Salary 20 - 21 years exp. (4 salaries)	₹10 L/yr - ₹11 L/yr 35% less
Honasa Consumer Manager new Product Development Salary 4 - 6 years exp. (4 salaries)	₹12 L/yr - ₹15 L/yr 17% less

Manager new Product Development salary at Lumax Industries ranges between ₹15 Lakhs to ₹16 Lakhs per year for employees with experience between 12 years to 14 years. Salary estimates are based on 3 latest salaries received from various employees of Lumax Industries.

Experience wise Lumax Industries Manager new Product Development salaries in Gurgaon / Gurugram

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr
13 years (AmbitionBox Estimate)	₹14.4 L/yr - ₹18.4 L/yr
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14 years (AmbitionBox Estimate)	₹14.4 L/yr - ₹18.4 L/yr

Similar Designation salaries in Lumax Industries

Senior Design Engineer Salary

(11 salaries)

₹4.95 L/yr - ₹8.15 L/yr

Design Engineer Salary

(10 salaries)

₹2.8 L/yr - ₹5.75 L/yr

NPD Engineer Salary

(7 salaries)

₹3 L/yr - ₹6.5 L/yr

Process Engineer Salary

(3 salaries)

₹3.05 L/yr - ₹4.4 L/yr

Senior Hardware Design Engineer Salary

(3 salaries)

₹4.8 L/yr - ₹5.3 L/yr

Product Design Engineer Salary

(3 salaries)

₹4.2 L/yr - ₹6.5 L/yr

Deputy Manager Research Development Salary

(3 salaries)

₹15.6 L/yr - ₹19 L/yr

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.

Salary - Good

+5 more

Dislikes

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

Production Planning Control Engineer in Ahmedabad

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 23 Jan 2025

2.0

for Salary and Benefits

Likes

You will learn a lot if you learn by your self, as you have to travel in every department for a single material movement.

Job security - Good

Dislikes

Unexpected cuts from salary. Unpaid Overtime, whatever HR says you have to work 12 hrs a day. No training program. 0 cooperation and communication between department causing latency in production.

Salary - Poor

+5 more

Senior Manager in Gurgaon / Gurugram

Full Time

Human Resources Department

5.0

• posted on 24 Dec 2024

5.0

for Salary and Benefits

Likes

...fied , Offices are installed with TFAs, The AQI level in office is below 20 ppm. Salary is always on time, Give full liberty to excel, growth for hard working employees is assured, integrity is respected. Trainings are imparted regularly, Canteen facility , uniform, is provided, A lot of employee benefit policies are in vogue. Salary is on last day of the month without failure. Working at Lumax is a wonderful experience. Staff is cooperative, Seniors are good and supportive. Work environment is safe for women employees. Flexi working hours. Leaders are approachable. Transport facilities are available in manufacturing plants. Employees enjoy working at Lumax.

Salary - Excellent

+6 more

Dislikes

No comments, Did not find any point to mention in this column.

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

Skill development - Good

+3 more

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

Salary - Bad

+6 more

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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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Lumax Industries Manager new Product Development Salary FAQs

How the salary growth look like for a Manager new Product Development at Lumax Industries in Gurgaon / Gurugram?

The salary growth for a Manager new Product Development at Lumax Industries in Gurgaon / Gurugram depends on factors such as experience, performance, and promotions. On average, a Manager new Product Development in Gurgaon / Gurugram can expect the following growth trajectory at Lumax Industries:

Experience	Average Salary Range
12 years	₹13.5 Lakhs to ₹17.2 Lakhs per year
13 years	₹14.4 Lakhs to ₹18.4 Lakhs per year
14 years	₹14.4 Lakhs to ₹18.4 Lakhs per year

and so on.

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Lumax Industries Manager new Product Development Salaries in Gurgaon / Gurugram

Lumax Industries Manager new Product Development salary in Gurgaon / Gurugram ranges between ₹15 Lakhs to ₹16 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Lumax Industries latest salaries received from various employees of Lumax Industries.