Magod Laser Machining new Product Development Engineer Salaries by 5 Employees (Updated 2025)

1 - 4 years exp.

₹3.7 Lakhs - ₹5.5 Lakhs

Salary of majority employees

21% more than the average new Product Development Engineer Salary in Industrial Machinery Companies for 1 - 4 years of experience

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Salaries in different departments

Research & Development new Product Development Engineer Salary 1 - 4 years exp. (4 salaries)	₹4.4 L/yr - ₹5.5 L/yr
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Project & Program Management new Product Development Engineer Salary 3 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹4 L/yr

Last Updated: 29 Apr 2024

Companies similar to Magod Laser Machining for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Super Auto India new Product Development Engineer Salary 2 - 5 years exp. (4 salaries)	₹2 L/yr - ₹4.2 L/yr 43% less
Neel Auto new Product Development Engineer Salary 7 - 10 years exp. (4 salaries)	₹4 L/yr - ₹7 L/yr 2% more
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Jairaj Ancillaries new Product Development Engineer Salary 5 - 7 years exp. (3 salaries)	₹3 L/yr - ₹4 L/yr 24% less
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (71 salaries)	₹2.7 L/yr - ₹5.7 L/yr 18% less
L.G.Balakrishnan & Bros new Product Development Engineer Salary 0 - 8 years exp. (43 salaries)	₹1.7 L/yr - ₹4.7 L/yr 34% less

new Product Development Engineer salary at Magod Laser Machining ranges between ₹3.7 Lakhs to ₹5.5 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 5 latest salaries received from various employees of Magod Laser Machining.

Experience wise Magod Laser Machining new Product Development Engineer salaries

Last Updated: 29 Apr 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹4.4 L/yr - ₹8.8 L/yr
2 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹5.5 L/yr
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3 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹5.3 L/yr
4 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹5.3 L/yr

Similar Designation salaries in Magod Laser Machining

Development Engineer Salary

(AmbitionBox Estimate)

₹2.4 L/yr - ₹3.1 L/yr

Production Engineer Salary

(7 salaries)

₹1.85 L/yr - ₹8.4 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹3.7 L/yr - ₹4.7 L/yr

Production Manager Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Design Engineer Salary

(4 salaries)

₹3 L/yr - ₹5 L/yr

Mechanical Engineer Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹3 L/yr

Production Supervisor Salary

(4 salaries)

₹1.8 L/yr - ₹3.7 L/yr

NPD Engineer Salary

(4 salaries)

₹3.5 L/yr - ₹5.5 L/yr

Quality Engineer Salary

(3 salaries)

₹2.5 L/yr - ₹4 L/yr

Shift Incharge Salary

(AmbitionBox Estimate)

₹3.3 L/yr - ₹4.3 L/yr

Salary related reviews for Magod Laser Machining

Was Manager Production And Admin in Bangalore / Bengaluru

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 03 Nov 2022

5.0

for Salary and Benefits

Likes

MD and HR are very professional . Latest machinery in laser cutting and laser welding are very good investment from management side and good learning for freshers .

Salary - Excellent

+5 more

Dislikes

Family based management , other family members are not supportive for managers and lot of interfere in day to day activities from family members .

Design Engineer in Bangalore / Bengaluru

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 12 Jan 2025

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

U gone for the interview for position of design engineer , they don’t even having proper updated design software , not a good chair to sit , even thought all interview gone very good they can’t even offer 25 k per month , so shit company

Salary - Bad

+6 more

Production Engineer

Full Time

laser welding dept Department

3.0

• posted on 26 Sep 2017

2.0

for Salary and Benefits

Likes

they provide full freedom for work and learning any department works good place for freshers to learn. they provide one year training and they leave b.e candidate.

Skill development - Excellent

+1 more

Dislikes

everything is good but they wont find the performance of employee full politics.

Salary - Poor

+2 more

see more salary related reviews

Top trending discussions

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Salary Discussions, Hike & Promotions

2w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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Magod Laser Machining new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Magod Laser Machining?

new Product Development Engineer salary at Magod Laser Machining in India ranges between ₹3.7 Lakhs to ₹5.5 Lakhs for experience between 1 years to 4 years. According to our estimates it is 21% more than the average new Product Development Engineer Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Magod Laser Machining India.

How does the salary of a new Product Development Engineer at Magod Laser Machining India compare with the average salary range for this job?

The average salary of a new Product Development Engineer at Magod Laser Machining is 21% more than the average salary of a new Product Development Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Magod Laser Machining to a new Product Development Engineer in India?

Neel Auto new Product Development Engineer Salary - ₹4.0 Lakhs to ₹7.0 Lakhs per year

What is the salary of a new Product Development Engineer in companies similar to Magod Laser Machining in India?

INDO-MIM new Product Development Engineer Salary - ₹2.7 Lakhs to ₹5.7 Lakhs per year
Jairaj Ancillaries new Product Development Engineer Salary - ₹3.0 Lakhs to ₹4.0 Lakhs per year
L.G.Balakrishnan & Bros new Product Development Engineer Salary - ₹1.7 Lakhs to ₹4.7 Lakhs per year
Super Auto India new Product Development Engineer Salary - ₹2.0 Lakhs to ₹4.2 Lakhs per year

What is the estimated take home salary of a new Product Development Engineer at Magod Laser Machining in India?

The estimated take-home salary of a new Product Development Engineer at Magod Laser Machining ranges between ₹36,165 per month to ₹37,387 per month in India. The take-home salary calculation is based on the average Magod Laser Machining new Product Development Engineer salary in India which ranges between ₹3.7 Lakhs to ₹5.5 Lakhs per year for employees with experience between 1 years to 4 years. Check how did we calculate take home salary?

What is the notice period for new Product Development Engineer at Magod Laser Machining?

According to AmbitionBox, 75% of the Magod Laser Machining new Product Development Engineers reported a notice period of 1 Month, 25% reported a notice period of 2 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Magod Laser Machining new Product Development Engineer Salaries

Magod Laser Machining new Product Development Engineer salary in India ranges between ₹3.7 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Magod Laser Machining latest salaries received from various employees of Magod Laser Machining.