Magotteaux Industries new Product Development Engineer Salaries by 3 Employees (Updated 2025)

5 - 7 years exp.

₹5.5 Lakhs - ₹8 Lakhs

Low Confidence

Salary of majority employees

67% more than the average new Product Development Engineer Salary for 5 - 7 years of experience

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Last Updated: 16 Feb 2024

Companies similar to Magotteaux Industries for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
FLSmidth new Product Development Engineer Salary 12 - 17 years exp. (4 salaries)	₹9 L/yr - ₹12 L/yr 58% more
ABB new Product Development Engineer Salary 3 - 5 years exp. (4 salaries)	₹4.5 L/yr - ₹5.3 L/yr 26% less
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INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (72 salaries)	₹2.7 L/yr - ₹5.7 L/yr 41% less
L.G.Balakrishnan & Bros new Product Development Engineer Salary 0 - 8 years exp. (44 salaries)	₹1.7 L/yr - ₹4.7 L/yr 51% less
JBM Group new Product Development Engineer Salary 1 - 8 years exp. (32 salaries)	₹2.3 L/yr - ₹5.7 L/yr 42% less

new Product Development Engineer salary at Magotteaux Industries ranges between ₹5.5 Lakhs to ₹8 Lakhs per year for employees with experience between 5 years to 7 years. Salary estimates are based on 3 latest salaries received from various employees of Magotteaux Industries.

Experience wise Magotteaux Industries new Product Development Engineer salaries

Last Updated: 16 Feb 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.3 L/yr
6 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
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7 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr

Similar Designation salaries in Magotteaux Industries

Production Engineer Salary

(AmbitionBox Estimate)

₹3 L/yr - ₹3.8 L/yr

Product Engineer Salary

(3 salaries)

₹4.7 L/yr - ₹5 L/yr

Senior Design Engineer Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Production Manager Salary

(AmbitionBox Estimate)

₹14.5 L/yr - ₹18.5 L/yr

Design Engineer Salary

(31 salaries)

₹2.6 L/yr - ₹7.2 L/yr

Mechanical Engineer Salary

(AmbitionBox Estimate)

₹4.2 L/yr - ₹5.4 L/yr

Production Supervisor Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

NPD Engineer Salary

(3 salaries)

₹6.8 L/yr - ₹7.2 L/yr

Quality Engineer Salary

(3 salaries)

₹2.4 L/yr - ₹4.5 L/yr

Deputy Manager Salary

(3 salaries)

₹9 L/yr - ₹10.8 L/yr

Salary related reviews for Magotteaux Industries

Graduate Engineer Trainee (Get) in Rajkot

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 04 Dec 2023

1.0

for Salary and Benefits

Likes

Distance is not too much from city.

Dislikes

Partiality is on peak and highly corruption happen inside the industry and it made the profitability down to the whole industry and also We can not grow without being pleasing to managers and despite of your skill you will always recognise and valued based on your age only , because I am the lead designer still did not satisfied by the treatment that company gave me from last 4 years and its just because I am the 24 .

Cheif Financial Officer in Rajkot

Full Time

Finance & Accounting Department

5.0

• posted on 10 Oct 2023

3.0

for Salary and Benefits

Likes

Magotteaux Group is the best in its class - low opportunity Vertical Growth for HOD's - but at the same time Authorities are given to fullest to perform the Job roles .

Dislikes

Granting of leave is the biggest Issue .

Supervisor Production Melting Ormolding in Rajkot

Production, Manufacturing & Engineering Department

3.0

• posted on 27 May 2022

2.0

for Salary and Benefits

Likes

No doubt magotteaux is a brand but their company culture is not so good.dominating nature if you are a outsider not from Gujarat then you can't survive more than 1 year....if anybody want to know more then join Magotteaux...

Dislikes

Dominating & blaming nature,you have no right to say the right thing.

Assistant Manager HR & Administration in Rajkot

Human Resources Department

1.0

• posted on 14 Dec 2018

3.0

for Salary and Benefits

Likes

I worked here for almost 4 years. But from 2017 new management was horrific. They were not able to take decision & also always try to pass their mistake unto other. There is no such thing as succession planning or career development. Not even a good training programs for employees to develop their competencies. Even they always try to suck blood of employees time to time. There is no job security forget about work-life balance. Even they don't know right pay for right people. And nowadays they recruiting employees who are non competent. Best luck for you.

Dislikes

Everything except pay.

Executive Accountant in New Delhi

Finance & Accounting Department

2.0

• posted on 12 May 2022

3.0

for Salary and Benefits

Likes

I am only talking about Magotteaux India where I have worked three years. They changed the top management in Delhi office and Working in Delhi office is terrible now. Top manager doesn't know how to behave, He always shouts at everyone. Please do not join the company.

Dislikes

everything is dislikeable in Magotteaux India.

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Magotteaux Industries new Product Development Engineer Salary FAQs

What is the notice period for new Product Development Engineer at Magotteaux Industries?

According to AmbitionBox, 50% of the Magotteaux Industries new Product Development Engineers reported a notice period of 1 Month, 50% reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Magotteaux Industries new Product Development Engineer Salaries

Magotteaux Industries new Product Development Engineer salary in India ranges between ₹5.5 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Magotteaux Industries latest salaries received from various employees of Magotteaux Industries.