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This company page is being actively managed by Lumax Industries Team. If you also belong to the team, you can get access from here

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4.0

based on 1.2k Reviews

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Lumax Industries new Product Development Engineer salaries in Pune (Updated 2025)

Annual salary range
0 - 4 years exp.
₹1.8 Lakh - ₹4.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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32% less than the average new Product Development Engineer Salary in Auto Components Companies for 0 - 4 years of experience

Interested in this particular role?

Salaries in different departments

Production, Manufacturing & Engineering
new Product Development Engineer Salary
3 - 4 years exp. (AmbitionBox Estimate)
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₹3.5 L/yr - ₹4.5 L/yr

Research & Development
new Product Development Engineer Salary
0 - 2 years exp. (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.7 L/yr

Last Updated: 19 Feb 2025

Companies similar to Lumax Industries for new Product Development Engineer in Pune

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Lumax Industries new Product Development Engineer Salary

0 - 4 years exp. (4 salaries)
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₹1.8 L/yr - ₹4.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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UNO Minda new Product Development Engineer Salary

1 - 6 years exp. (10 salaries)
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₹2.8 L/yr - ₹6.1 L/yr

arrow icon 48% more
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CIE Automotive new Product Development Engineer Salary

2 - 7 years exp. (4 salaries)
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₹3.3 L/yr - ₹6 L/yr

arrow icon 38% more
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ANTOLIN new Product Development Engineer Salary

1 - 3 years exp. (3 salaries)
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₹1.8 L/yr - ₹3.6 L/yr

arrow icon 3% more
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Michelin new Product Development Engineer Salary

7 - 11 years exp. (3 salaries)
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₹11.6 L/yr - ₹16.4 L/yr

arrow icon 366% more
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Wadhokar new Product Development Engineer Salary

0 - 4 years exp. (23 salaries)
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₹1.5 L/yr - ₹3.6 L/yr

arrow icon 16% less
new Product Development Engineer salary at Lumax Industries ranges between ₹1.8 Lakh to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Lumax Industries.

Latest annual salaries shared by Lumax Industries new Product Development Engineer in Pune

1mo ago
₹4.5 Lakhs
4 years exp.
4mo ago
₹3.5 Lakhs
3 years exp.

Experience wise Lumax Industries new Product Development Engineer salaries in Pune

Last Updated: 19 Feb 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹1.6 L/yr - ₹2.1 L/yr
1 year (AmbitionBox Estimate)

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₹1.8 L/yr - ₹2.3 L/yr
2 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.2 L/yr
3 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4.1 L/yr
4 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹5 L/yr

Similar Designation salaries in Lumax Industries

Senior Engineer Salary
(53 salaries)
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₹3.4 L/yr - ₹8.8 L/yr
Assistant Engineer Salary
(41 salaries)
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₹1.7 L/yr - ₹3.52 L/yr
Senior Design Engineer Salary
(24 salaries)
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₹4.15 L/yr - ₹9.5 L/yr
Design Engineer Salary
(18 salaries)
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₹2 L/yr - ₹6 L/yr
Production Engineer Salary
(17 salaries)
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₹2.16 L/yr - ₹4.6 L/yr
Mechanical Engineer Salary
(7 salaries)
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₹1.5 L/yr - ₹4.5 L/yr
Project Engineer Salary
(3 salaries)
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₹3 L/yr - ₹3.3 L/yr

Salary related reviews for Lumax Industries

3.0

Rated by 1 employees for salary & benefits

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

read more
  • 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.

read more

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.

read more
  • 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 Engineer in Bangalore / Bengaluru

Production, Manufacturing & Engineering Department

5.0
  •  posted on 01 May 2021
5.0
 for  Salary and Benefits

Likes

...environment and culture. Teammates are supportive and the management is transpa. Company policies are good, appreisals are fair and they give avarage salary hike and bonus every year.

read more
  • Salary - Excellent
    • +4 more

Dislikes

Salary is decent but career growth is slow.

Quality Engineer in Manesar

Quality Assurance Department

5.0
  •  posted on 14 Oct 2020
3.0
 for  Salary and Benefits

Likes

Lumax is a brand group among automotive world technology and OEM's have faith to lumax . Culture is good & managment is supportive . Should be recommeded .

read more
  • Skill development - Good
    • +5 more

Dislikes

There is nothing to dislike here but i can say salary structure is littile bit low among all indistries.

read more

Assistant Engineer in Gurgaon / Gurugram

Production, Manufacturing & Engineering Department

4.0
  •  posted on 27 Jun 2020
3.0
 for  Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

read more
  • Skill development - Good
    • +4 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

read more
see more salary related reviews

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Salary Discussions, Hike & Promotions
1w (edited)
an inside sales executive
Unexpected job policies: stay or switch?
I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?
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Lumax Industries new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Lumax Industries in Pune?
The average salary of a new Product Development Engineer at Lumax Industries in Pune typically ranges from ₹1.8 Lakhs to ₹4.5 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of new Product Development Engineer in Pune at Lumax Industries earn more than ₹4.5 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 4 Lumax Industries employees in India.
What is the estimated take home salary of a new Product Development Engineer at Lumax Industries in Pune?
The estimated take-home salary of a new Product Development Engineer at Lumax Industries in Pune typically ranges from ₹20,815 to ₹22,466 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from Fresher to 4 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 Lumax Industries. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Lumax Industries for new Product Development Engineer in India?
Michelin ₹11.6 Lakhs to ₹16.4 Lakhs per year
UNO Minda ₹2.8 Lakhs to ₹6.1 Lakhs per year
CIE Automotive ₹3.3 Lakhs to ₹6.0 Lakhs per year
ANTOLIN ₹1.8 Lakhs to ₹3.6 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.
What is the salary of a new Product Development Engineer in companies similar to Lumax Industries in Pune?
The salary of a new Product Development Engineer at companies similar to Lumax Industries in Pune varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Wadhokar ₹1.5 Lakhs to ₹3.6 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 new Product Development Engineer at Lumax Industries in Pune?
The salary growth for a new Product Development Engineer at Lumax Industries in Pune depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer in Pune can expect the following growth trajectory at Lumax Industries:

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
and so on.

Tell us how to improve this page.

Lumax Industries new Product Development Engineer salary in Pune ranges between ₹1.8 Lakh to ₹4.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Lumax Industries latest salaries received from various employees of Lumax Industries.