Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary28% less than the average new Product Development Engineer Salary in Auto Components Companies for 0 - 4 years of experience
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Salaries in different departments
Production, Manufacturing & Engineering
new Product Development Engineer Salary
2 - 4
years
exp.
(3
salaries)
|  ₹3 L/yr - ₹4.5 L/yr |
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| |
Research & Development
new Product Development Engineer Salary
0 - 2
years
exp.
(AmbitionBox Estimate)
| ₹1.8 L/yr - ₹2.7 L/yr |
Companies similar to Lumax Industries for new Product Development Engineer
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 UNO Minda new Product Development Engineer Salary
1 - 6 years exp. (16 salaries) | ₹2.2 L/yr - ₹6.6 L/yr 
45%
more | |
 Pricol new Product Development Engineer Salary
1 - 9 years exp. (11 salaries) | ₹1.6 L/yr - ₹7 L/yr
66%
more | |
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| ||
 Apollo Tyres new Product Development Engineer Salary
1 - 10 years exp. (9 salaries) | ₹5.5 L/yr - ₹9 L/yr
126%
more | |
 CIE Automotive new Product Development Engineer Salary
2 - 8 years exp. (7 salaries) | ₹3.3 L/yr - ₹6.5 L/yr
40%
more | |
 Sundaram Clayton new Product Development Engineer Salary
4 - 17 years exp. (5 salaries) | ₹3.2 L/yr - ₹11.3 L/yr
160%
more | |
 Bridgestone new Product Development Engineer Salary
3 - 6 years exp. (4 salaries) | ₹1.8 L/yr - ₹6.5 L/yr
49%
more | |
 ANTOLIN new Product Development Engineer Salary
1 - 2 years exp. (4 salaries) | ₹1.8 L/yr - ₹4 L/yr
11%
more | |
 Magna International new Product Development Engineer Salary
2 - 8 years exp. (4 salaries) | ₹2.8 L/yr - ₹4.2 L/yr
29%
more | |
 DENSO new Product Development Engineer Salary
2 - 9 years exp. (4 salaries) | ₹5 L/yr - ₹8 L/yr
124%
more | |
 Michelin new Product Development Engineer Salary
7 - 11 years exp. (3 salaries) | ₹11.6 L/yr - ₹16.4 L/yr
366%
more | |
 Forvia Hella new Product Development Engineer Salary
1 - 2 years exp. (3 salaries) | ₹2.4 L/yr - ₹3 L/yr 
11%
less | |
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| ||
 Tata AutoComp Systems new Product Development Engineer Salary
2 - 5 years exp. (3 salaries) | ₹2.5 L/yr - ₹6.2 L/yr
28%
more | |
 Sona Comstar new Product Development Engineer Salary
1 - 4 years exp. (3 salaries) | ₹1.8 L/yr - ₹4 L/yr
5%
less | |
 Hitachi Astemo new Product Development Engineer Salary
5 - 7 years exp. (3 salaries) | ₹3.8 L/yr - ₹4.5 L/yr
42%
more | |
Latest annual salaries shared by Lumax Industries new Product Development Engineer
Experience wise Lumax Industries new Product Development Engineer salaries
Last Updated: 19 Feb 2025
| Experience | Avg Annual Salary |
|---|---|
| Fresher (AmbitionBox Estimate) |
₹1.6
L/yr
- ₹2.1
L/yr
|
| 1 year (AmbitionBox Estimate) |
₹1.8
L/yr
- ₹2.3
L/yr
|
Login to view exact salary
| |
| 2 years (AmbitionBox Estimate) |
₹2.5
L/yr
- ₹3.2
L/yr
|
| 3 years (AmbitionBox Estimate) |
₹3.2
L/yr
- ₹4.1
L/yr
|
| 4 years (AmbitionBox Estimate) |
₹3.9
L/yr
- ₹5
L/yr
|
Similar Designation salaries in Lumax Industries
Salary related reviews for Lumax Industries
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Lumax Industries new Product Development Engineer Salary FAQs
The top 10% of new Product Development Engineer at Lumax Industries earn more than ₹4.4 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. new Product Development Engineer Salaries at Lumax Industries 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 6 Lumax Industries employees in India.
| Michelin | ₹11.6 Lakhs to ₹16.4 Lakhs per year |
| Sundaram Clayton | ₹3.2 Lakhs to ₹11.3 Lakhs per year |
| Apollo Tyres | ₹5.5 Lakhs to ₹9.0 Lakhs per year |
| DENSO | ₹5.0 Lakhs to ₹8.0 Lakhs per year |
| Pricol | ₹1.6 Lakhs to ₹7.0 Lakhs per year |
These companies are known for offering competitive compensation packages that can exceed the salary offered by Lumax Industries, depending on the role and experience level.
| Bridgestone | ₹1.8 Lakhs to ₹6.5 Lakhs per year |
| UNO Minda | ₹2.2 Lakhs to ₹6.6 Lakhs per year |
| Hitachi Astemo | ₹3.8 Lakhs to ₹4.5 Lakhs per year |
| CIE Automotive | ₹3.3 Lakhs to ₹6.5 Lakhs per year |
| Magna International | ₹2.8 Lakhs to ₹4.2 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.
| Experience | Average Salary Range |
|---|---|
| Fresher | ₹1.6 Lakhs to ₹2.1 Lakhs per year |
| 1 year | ₹1.8 Lakhs to ₹2.3 Lakhs per year |
| 2 years | ₹2.5 Lakhs to ₹3.2 Lakhs per year |
| 3 years | ₹3.2 Lakhs to ₹4.1 Lakhs per year |
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Lumax Industries new Product Development Engineer salary
in
India
ranges between ₹1.8
Lakh to ₹4.5
Lakhs with an average annual salary of
₹. Salary estimates are based on
6
Lumax Industries latest salaries received from various employees of
Lumax Industries.