LZWL MOTORS new Product Development Engineer Salaries by 4 Employees

4 - 5 years exp.

₹4.3 Lakhs - ₹4.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

12% more than the average new Product Development Engineer Salary for 4 - 5 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering new Product Development Engineer Salary 4 - 5 years exp. (3 salaries)	₹4.3 L/yr - ₹4.8 L/yr
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Research & Development new Product Development Engineer Salary 4 years exp. (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.7 L/yr

Last Updated: 16 Mar 2023

Companies similar to LZWL MOTORS for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
TCS new Product Development Engineer Salary 0 - 8 years exp. (11 salaries)	₹3.4 L/yr - ₹7.6 L/yr 12% more
Tech Mahindra new Product Development Engineer Salary 4 - 6 years exp. (4 salaries)	₹4 L/yr - ₹7 L/yr 34% more
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HCLTech new Product Development Engineer Salary 0 - 16 years exp. (4 salaries)	₹9 L/yr - ₹16 L/yr 154% more
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (69 salaries)	₹2.7 L/yr - ₹5.5 L/yr 11% less
L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 27% less

new Product Development Engineer salary at LZWL MOTORS ranges between ₹4.3 Lakhs to ₹4.8 Lakhs per year for employees with experience between 4 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of LZWL MOTORS .

Experience wise LZWL MOTORS new Product Development Engineer salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
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5 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr

Similar Designation salaries in LZWL MOTORS

Development Engineer Salary

(4 salaries)

₹4.3 L/yr - ₹6 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.3 L/yr

Senior Engineer Salary

(9 salaries)

₹5.5 L/yr - ₹7 L/yr

Production Supervisor Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

NPD Engineer Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Quality Engineer Salary

(AmbitionBox Estimate)

₹4.8 L/yr - ₹6.1 L/yr

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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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LZWL MOTORS new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at LZWL MOTORS ?

The average salary of a new Product Development Engineer at LZWL MOTORS in India typically ranges from ₹4.3 Lakhs to ₹4.8 Lakhs per year, depending on experience (from 4 years to 5 years).

The top 10% of new Product Development Engineer at LZWL MOTORS earn more than ₹4.8 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. new Product Development Engineer Salaries at LZWL MOTORS 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 LZWL MOTORS employees in India.

What is the estimated take home salary of a new Product Development Engineer at LZWL MOTORS in India?

The estimated take-home salary of a new Product Development Engineer at LZWL MOTORS in India typically ranges from ₹33,949 to ₹35,204 per month. This is based on the average salary range of ₹4.3 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from 4 years to 5 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 LZWL MOTORS . Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than LZWL MOTORS for new Product Development Engineer in India?

HCLTech	₹9.0 Lakhs to ₹16.0 Lakhs per year
Tech Mahindra	₹4.0 Lakhs to ₹7.0 Lakhs per year
TCS	₹3.4 Lakhs to ₹7.6 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by LZWL MOTORS , depending on the role and experience level.

What is the salary of a new Product Development Engineer in companies similar to LZWL MOTORS in India?

The salary of a new Product Development Engineer at companies similar to LZWL MOTORS in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

INDO-MIM	₹2.7 Lakhs to ₹5.5 Lakhs per year
L.G.Balakrishnan & Bros	₹1.8 Lakhs to ₹5.0 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 new Product Development Engineer at LZWL MOTORS in India?

The salary growth for a new Product Development Engineer at LZWL MOTORS depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer can expect the following growth trajectory at LZWL MOTORS :

Experience	Average Salary Range
4 years	₹4.1 Lakhs to ₹5.2 Lakhs per year
5 years	₹4.1 Lakhs to ₹5.2 Lakhs per year

and so on.

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LZWL MOTORS new Product Development Engineer Salaries

LZWL MOTORS new Product Development Engineer salary in India ranges between ₹4.3 Lakhs to ₹4.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 LZWL MOTORS latest salaries received from various employees of LZWL MOTORS .