Lumax Industries Product Manager Salaries by 5 Employees

2 - 10 years exp.

₹4 Lakhs - ₹14.5 Lakhs

Low Confidence

Salary of majority employees

Fixed (94%)

₹8.8 Lakhs

Variable (6%)

₹0.5 Lakh

57% less than the average Product Manager Salary in Auto Components Companies for 2 - 10 years of experience

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Last Updated: 22 Dec 2024

Companies similar to Lumax Industries for Product Manager

Company name	Avg Annual Salary	Open Jobs
Varroc Group Product Manager Salary 2 - 14 years exp. (4 salaries)	₹7.3 L/yr - ₹20 L/yr 81% more
UNO Minda Product Manager Salary 0 - 8 years exp. (28 salaries)	₹5 L/yr - ₹12.1 L/yr 21% less
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Bosch Product Manager Salary 4 - 12 years exp. (59 salaries)	₹8.9 L/yr - ₹34.6 L/yr 107% more	3 job openings
Michelin Product Manager Salary 2 - 13 years exp. (13 salaries)	₹10 L/yr - ₹33.8 L/yr 108% more
Apollo Tyres Product Manager Salary 6 - 9 years exp. (10 salaries)	₹17 L/yr - ₹35.5 L/yr 173% more
Yokogawa Product Manager Salary 5 - 18 years exp. (7 salaries)	₹9.5 L/yr - ₹26 L/yr 97% more
Ceat Tyres Product Manager Salary 2 - 13 years exp. (5 salaries)	₹13 L/yr - ₹23 L/yr 95% more
Forvia Hella Product Manager Salary 5 - 11 years exp. (5 salaries)	₹8 L/yr - ₹15.5 L/yr 26% more
Schaeffler India Product Manager Salary 9 - 12 years exp. (4 salaries)	₹12.2 L/yr - ₹15 L/yr 41% more
Pricol Product Manager Salary 13 - 21 years exp. (4 salaries)	₹12.5 L/yr - ₹17 L/yr 44% more
Exide Industries Product Manager Salary 3 - 16 years exp. (4 salaries)	₹17 L/yr - ₹24.3 L/yr 121% more
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Faurecia Product Manager Salary 4 - 19 years exp. (4 salaries)	₹14 L/yr - ₹25 L/yr 119% more
Hitachi Astemo Product Manager Salary 9 - 11 years exp. (3 salaries)	₹7 L/yr - ₹16.4 L/yr 31% more

Product Manager salary at Lumax Industries ranges between ₹4 Lakhs to ₹14.5 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 5 latest salaries received from various employees of Lumax Industries.

Experience wise Lumax Industries Product Manager salaries

Last Updated: 22 Dec 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹4 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
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4 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
5 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹9 L/yr
6 years (AmbitionBox Estimate)	₹9 L/yr - ₹16.7 L/yr
7 years (AmbitionBox Estimate)	₹9.7 L/yr - ₹12.4 L/yr
8 years (AmbitionBox Estimate)	₹11 L/yr - ₹14.1 L/yr
9 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹14.5 L/yr
10 years (AmbitionBox Estimate)	₹14.5 L/yr - ₹14.5 L/yr

View all

Similar Designation salaries in Lumax Industries

Project Manager Salary

(9 salaries)

₹6.15 L/yr - ₹17 L/yr

Production Manager Salary

(11 salaries)

₹10.8 L/yr - ₹17.5 L/yr

Program Manager Salary

(5 salaries)

₹10 L/yr - ₹14.5 L/yr

Deputy Manager Salary

(158 salaries)

₹6 L/yr - ₹15 L/yr

Senior Project Manager Salary

(AmbitionBox Estimate)

₹13.5 L/yr - ₹17.3 L/yr

Assistant Product Manager Salary

(AmbitionBox Estimate)

₹8.6 L/yr - ₹10.9 L/yr

Assistant Vice President Salary

(AmbitionBox Estimate)

₹61.8 L/yr - ₹68.3 L/yr

Top skills at Lumax Industries for Product Manager

Strategic Planning Market Research Competitive Intelligence Benchmarking Planning Product Promotion Lighting Product Marketing Technical Analysis Spare Parts Marketing

Salary related reviews for Lumax Industries

2.3

Rated by 2 employees for salary & benefits

Deputy Manager in Chakan Pune

Full Time

Other Department

3.0

• posted on 19 Apr 2023

4.0

for Salary and Benefits

Likes

Salary and perks on time.

Salary - Good

Dislikes

Late hour working. Old people do polytics Over work load so dont take leave. Don't leave office on time. Local transporter not work properly. Vehicle not arrange time. If you demand or take action against him. They give threat and attack on employees out side of company. Senior management not support . Labour union in company so also labour person do polytics.

Skill development - Poor

+3 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

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

Job security - Good

+1 more

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.

Salary - Poor

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Lumax Industries Product Manager Salary FAQs

What is the salary of Product Manager at Lumax Industries ?

The average salary of a Product Manager at Lumax Industries in India typically ranges from ₹4.0 Lakhs to ₹14.5 Lakhs per year, depending on experience (from 2 years to 10 years).

The top 10% of Product Manager at Lumax Industries earn more than ₹14.5 Lakhs per year, and the top 1% earn over ₹14.5 Lakhs per year. Product Manager 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 5 Lumax Industries employees in India.

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

The estimated take-home salary of a Product Manager at Lumax Industries in India typically ranges from ₹67,436 to ₹69,164 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹14.5 Lakhs per year for employees with experience ranging from 2 years to 10 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 5 salaries received from various employees of Lumax Industries. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Product Manager at Lumax Industries ?

To be a Product Manager at Lumax Industries in india, the key skills required include:

- Strategic Planning
- Market Research
- Competitive Intelligence
- Benchmarking
- Planning

These skills are highly valued at Lumax Industries and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Lumax Industries for Product Manager in India?

Apollo Tyres	₹17.0 Lakhs to ₹35.5 Lakhs per year
Exide Industries	₹17.0 Lakhs to ₹24.3 Lakhs per year
Faurecia	₹14.0 Lakhs to ₹25.0 Lakhs per year
Michelin	₹10.0 Lakhs to ₹33.8 Lakhs per year
Bosch	₹8.9 Lakhs to ₹34.6 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 Product Manager in companies similar to Lumax Industries in India?

The salary of a Product Manager at companies similar to Lumax Industries in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Yokogawa	₹9.5 Lakhs to ₹26.0 Lakhs per year
Ceat Tyres	₹13.0 Lakhs to ₹23.0 Lakhs per year
Varroc Group	₹7.3 Lakhs to ₹20.0 Lakhs per year
Pricol	₹12.5 Lakhs to ₹17.0 Lakhs per year
Schaeffler India	₹12.2 Lakhs to ₹15.0 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 Product Manager at Lumax Industries in India?

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

Experience	Average Salary Range
2 years	₹4.0 Lakhs to ₹4.0 Lakhs per year
3 years	₹4.4 Lakhs to ₹5.6 Lakhs per year
4 years	₹5.7 Lakhs to ₹7.3 Lakhs per year
5 years	₹3.1 Lakhs to ₹9.0 Lakhs per year

and so on.

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Lumax Industries Product Manager Salaries

Lumax Industries Product Manager salary in India ranges between ₹4 Lakhs to ₹14.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Lumax Industries latest salaries received from various employees of Lumax Industries.