Magod Laser Machining new Product Development Engineer Salaries by 5 Employees (Updated 2024)

1 - 4 years exp.

₹3.7 Lakhs - ₹5.5 Lakhs

Salary of majority employees

22% 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. (73 salaries)	₹2.7 L/yr - ₹5.7 L/yr 18% less
L.G.Balakrishnan & Bros new Product Development Engineer Salary 0 - 8 years exp. (44 salaries)	₹1.7 L/yr - ₹4.7 L/yr 33% 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)

₹2.8 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 .

Dislikes

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

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.

Dislikes

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

see more salary related reviews

Top trending discussions

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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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 22% 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 22% 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, 80% of the Magod Laser Machining new Product Development Engineers reported a notice period of 1 Month, 20% reported a notice period of 2 Months.This is based on 5 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.