Mahindra & Mahindra Manager new Product Development Salaries by 7 Employees

13 - 20 years exp.

₹15.5 Lakhs - ₹35 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

64% more than the average Manager new Product Development Salary in Automobile Companies for 13 - 20 years of experience

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Salaries in different departments

Research & Development Manager new Product Development Salary 13 - 17 years exp. (4 salaries)	₹15.5 L/yr - ₹32.9 L/yr
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Project & Program Management Manager new Product Development Salary 18 - 20 years exp. (3 salaries)	₹21.5 L/yr - ₹35 L/yr

Last Updated: 18 Nov 2024

Companies similar to Mahindra & Mahindra for Manager new Product Development

Company name	Avg Annual Salary	Open Jobs
Ashok Leyland Manager new Product Development Salary 2 - 10 years exp. (6 salaries)	₹12 L/yr - ₹18.5 L/yr 42% less
Maruti Suzuki Manager new Product Development Salary 9 - 11 years exp. (6 salaries)	₹17 L/yr - ₹34.4 L/yr 1% less	2 job openings
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Tata Motors Manager new Product Development Salary 4 - 14 years exp. (5 salaries)	₹7.7 L/yr - ₹22 L/yr 49% less
TVS Motor Manager new Product Development Salary 12 - 16 years exp. (5 salaries)	₹14.5 L/yr - ₹18.6 L/yr 36% less
Bajaj Auto Manager new Product Development Salary 11 - 21 years exp. (4 salaries)	₹24 L/yr - ₹34 L/yr 6% more
Ford Motor Manager new Product Development Salary 15 - 21 years exp. (3 salaries)	₹30 L/yr - ₹43.5 L/yr 28% more
Mahindra Automotives Manager new Product Development Salary 10 - 14 years exp. (3 salaries)	₹17.3 L/yr - ₹20 L/yr 33% less

Manager new Product Development salary at Mahindra & Mahindra ranges between ₹15.5 Lakhs to ₹35 Lakhs per year for employees with experience between 13 years to 20 years. Salary estimates are based on 7 latest salaries received from various employees of Mahindra & Mahindra.

Experience wise Mahindra & Mahindra Manager new Product Development salaries

Last Updated: 18 Nov 2024

Experience	Avg Annual Salary
13 years (AmbitionBox Estimate)	₹19.3 L/yr - ₹24.6 L/yr
14 years (AmbitionBox Estimate)	₹20.8 L/yr - ₹26.5 L/yr
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15+ years (5 salaries)	₹22 L/yr - ₹35 L/yr

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Salary related reviews for Mahindra & Mahindra

Design Engineer in Chennai

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 25 May 2023

3.0

for Salary and Benefits

Likes

Work life balance depends on you. work pressure is less. plenty of learning opportunities

Skill development - Excellent

+3 more

Dislikes

upper management can be a problem. no pay parity no role parity. GET PGET freshers are sometimes paid more than experienced lateral joiners.

Senior Design Engineer in Chennai

Full Time

Research & Development Department

1.0

• posted on 12 May 2022

1.0

for Salary and Benefits

Likes

Company will plug every penny from employee in the name cost savings or cost cutting. You will not receive any employee benefits for example like food, transport, Tea/coffee for everything you have to pay. There is no free benefits like such things

Dislikes

Salary - Bad
Skill development - Bad

+5 more

Tool Design Engineer in Nagpur

Production, Manufacturing & Engineering Department

1.0

• posted on 20 Oct 2022

1.0

for Salary and Benefits

Likes

Nothing is good in this company, I had worst experience ever. They don't care about your problems they only need there benefits,all officer's are rude they don't do anything except giving orders to DETs

Job security - Excellent

Dislikes

Salary Officers behaviour Leave They don't care about you they only care about there benefits

Salary - Bad

+4 more

Lead Engineer in Chennai

Power Train Department

4.0

• posted on 19 Aug 2022

3.0

for Salary and Benefits

Likes

Hands on work for all technical work which in most of other OEM are done by consultant. Due to this learning growth is enormous. Beautiful campus are MRV chennai.

Skill development - Excellent

+3 more

Dislikes

...uirement you may be asked to work 7 days a week. Work life balance is not good. Salary negotiations should be very very carefully at the time of interview.

Design Engineer in Chengalpattu

Research & Development Department

3.0

• posted on 31 Oct 2022

1.0

for Salary and Benefits

Likes

Learning wise it is best company incase you are not bothered about salary and hike.

Skill development - Excellent

+2 more

Dislikes

You can learn but cant earn. Appraisal is not depends upon your achievements, talent and hard work. Work life balancing will not be satisfactory.

Salary - Bad

+2 more

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Salary Discussions, Hike & Promotions

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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Mahindra & Mahindra Manager new Product Development Salary FAQs

What is the salary of Manager new Product Development at Mahindra & Mahindra ?

The average salary of a Manager new Product Development at Mahindra & Mahindra in India typically ranges from ₹15.5 Lakhs to ₹35.0 Lakhs per year, depending on experience (from 13 years to 20 years).

The top 10% of Manager new Product Development at Mahindra & Mahindra earn more than ₹35.0 Lakhs per year, and the top 1% earn over ₹35.0 Lakhs per year. Manager new Product Development Salaries at Mahindra & Mahindra 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 7 Mahindra & Mahindra employees in India.

What is the estimated take home salary of a Manager new Product Development at Mahindra & Mahindra in India?

The estimated take-home salary of a Manager new Product Development at Mahindra & Mahindra in India typically ranges from ₹1,70,120 to ₹1,76,675 per month. This is based on the average salary range of ₹15.5 Lakhs to ₹35.0 Lakhs per year for employees with experience ranging from 13 years to 20 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 7 salaries received from various employees of Mahindra & Mahindra. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mahindra & Mahindra for Manager new Product Development in India?

Ford Motor	₹30.0 Lakhs to ₹43.5 Lakhs per year
Bajaj Auto	₹24.0 Lakhs to ₹34.0 Lakhs per year

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

What is the salary of a Manager new Product Development in companies similar to Mahindra & Mahindra in India?

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

Maruti Suzuki	₹17.0 Lakhs to ₹34.4 Lakhs per year
Mahindra Automotives	₹17.3 Lakhs to ₹20.0 Lakhs per year
TVS Motor	₹14.5 Lakhs to ₹18.6 Lakhs per year
Ashok Leyland	₹12.0 Lakhs to ₹18.5 Lakhs per year
Tata Motors	₹7.7 Lakhs to ₹22.0 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 Manager new Product Development at Mahindra & Mahindra in India?

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

Experience	Average Salary Range
13 years	₹19.3 Lakhs to ₹24.6 Lakhs per year
14 years	₹20.8 Lakhs to ₹26.5 Lakhs per year
15 years	₹22.0 Lakhs to ₹35.0 Lakhs per year

and so on.

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Mahindra & Mahindra Manager new Product Development Salaries

Mahindra & Mahindra Manager new Product Development salary in India ranges between ₹15.5 Lakhs to ₹35 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Mahindra & Mahindra latest salaries received from various employees of Mahindra & Mahindra.