Mahindra & Mahindra new Product Development Engineer Salaries by 10 Employees (Updated 2024)

0 - 12 years exp.

₹2 Lakhs - ₹7.4 Lakhs

Low Confidence

Salary of majority employees

29% more than the average new Product Development Engineer Salary in Automobile Companies for 0 - 12 years of experience

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Salaries in different departments

Research & Development new Product Development Engineer Salary 0 - 12 years exp. (5 salaries)	₹4.2 L/yr - ₹7.4 L/yr
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Production, Manufacturing & Engineering new Product Development Engineer Salary 9 - 10 years exp. (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.8 L/yr

Last Updated: 10 Oct 2024

Companies similar to Mahindra & Mahindra for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Tata Motors new Product Development Engineer Salary 1 - 5 years exp. (13 salaries)	₹2.7 L/yr - ₹5.2 L/yr 40% less
Maruti Suzuki new Product Development Engineer Salary 2 - 8 years exp. (5 salaries)	₹7 L/yr - ₹11 L/yr 77% more
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Ashok Leyland new Product Development Engineer Salary 1 - 4 years exp. (10 salaries)	₹2 L/yr - ₹4.2 L/yr 34% less
Hero MotoCorp new Product Development Engineer Salary 6 - 11 years exp. (6 salaries)	₹6.5 L/yr - ₹11.8 L/yr 69% more
Bajaj Auto new Product Development Engineer Salary 8 - 21 years exp. (4 salaries)	₹6 L/yr - ₹13 L/yr 61% more
TVS Motor new Product Development Engineer Salary 0 - 6 years exp. (14 salaries)	₹1.8 L/yr - ₹3.5 L/yr 49% less
Escorts Kubota Limited new Product Development Engineer Salary 0 - 4 years exp. (7 salaries)	₹2 L/yr - ₹5.5 L/yr 39% less
Ford Motor new Product Development Engineer Salary 5 - 6 years exp. (4 salaries)	₹4.5 L/yr - ₹11.1 L/yr 27% more
Daimler India Commercial Vehicles new Product Development Engineer Salary 4 - 6 years exp. (3 salaries)	₹3 L/yr - ₹5.3 L/yr 10% less

new Product Development Engineer salary at Mahindra & Mahindra ranges between ₹2 Lakhs to ₹7.4 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 10 latest salaries received from various employees of Mahindra & Mahindra.

Experience wise Mahindra & Mahindra new Product Development Engineer salaries

Last Updated: 10 Oct 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.6 L/yr - ₹6.5 L/yr
1 year (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
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2 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹8.4 L/yr
3 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.4 L/yr
4 years (AmbitionBox Estimate)	₹2 L/yr - ₹8.7 L/yr
5 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
6 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹9 L/yr
7 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.8 L/yr
8 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹5.9 L/yr
9 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹5.6 L/yr
10 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹5.8 L/yr
11 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹7.4 L/yr
12 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹7.4 L/yr

View all

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Salary related reviews for Mahindra & Mahindra

5.0

Rated by 1 employees for salary & benefits

Senior Engineer in Chennai

Full Time

Engineering - Software & QA Department

1.0

• posted on 07 Sep 2024

2.0

for Salary and Benefits

Likes

thaar car only.

Dislikes

...ce coverage is 100000 for employee family.wont get insurance related assistants.no good salary hikes. No work life balance. There is no leaderships who motivates employees and maintain a good work culture.

Deputy Manager in Bangalore / Bengaluru

Full Time

Research & Development Department

4.0

• posted on 28 Dec 2023

3.0

for Salary and Benefits

Likes

1. No organisational hierarchy barrier. 2. Top management and seniors are easily approachable.

Dislikes

1. Salary is lower compared to the work load and the top-notch job employees are doing. 2. Work-life balance is compromised many a times.

Senior Engineer in Chennai

Full Time

Research & Development Department

4.0

• posted on 04 Feb 2023

4.0

for Salary and Benefits

Likes

1.Diverse work culture. 2.Very good for beginners. Lot of learnings are there. 3. Job security is good 4. Health related support from Management is good. They support in all possible extent for their employees and their family health.

Dislikes

...nd officer to put more time to complete the task. 2. Promotion and hike system. Pay is good it is average when compared to market. But for achieving this person need to work daily 3hrs extra. 3. No process. Yes there is a process. But due to congested project timelines, process always get skipped. 4. Manager always paid more in term of percentage. Management mindset is to keep manager at their end. so they can train any operational level engineer easily.

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

Dislikes

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

Deputy Manager in Mumbai

Full Time

Project & Program Management Department

5.0

• posted on 15 May 2023

5.0

for Salary and Benefits

Likes

Alternate Saturday off .....good work culture

Dislikes

... are need to more fair Need to start pick and drop facility for employees.... Need to add Sodexo cupouns as salary entity for tax benifit

see more salary related reviews

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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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Mahindra & Mahindra new Product Development Engineer Salary FAQs

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

new Product Development Engineer salary at Mahindra & Mahindra in India ranges between ₹2.0 Lakhs to ₹7.4 Lakhs for less than 1 year of experience to 12 years. According to our estimates it is 29% more than the average new Product Development Engineer Salary in India. Salary estimates are based on 10 latest salaries received from various employees of Mahindra & Mahindra India.

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

The average salary of a new Product Development Engineer at Mahindra & Mahindra is 29% 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 Mahindra & Mahindra to a new Product Development Engineer in India?

Maruti Suzuki new Product Development Engineer Salary - ₹7.0 Lakhs to ₹11.0 Lakhs per year
Hero MotoCorp new Product Development Engineer Salary - ₹6.5 Lakhs to ₹11.8 Lakhs per year
Bajaj Auto new Product Development Engineer Salary - ₹6.0 Lakhs to ₹13.0 Lakhs per year
Ford Motor new Product Development Engineer Salary - ₹4.5 Lakhs to ₹11.1 Lakhs per year

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

Daimler India Commercial Vehicles new Product Development Engineer Salary - ₹3.0 Lakhs to ₹5.3 Lakhs per year
Ashok Leyland new Product Development Engineer Salary - ₹2.0 Lakhs to ₹4.2 Lakhs per year
Escorts Kubota Limited new Product Development Engineer Salary - ₹2.0 Lakhs to ₹5.5 Lakhs per year
Tata Motors new Product Development Engineer Salary - ₹2.7 Lakhs to ₹5.2 Lakhs per year
TVS Motor new Product Development Engineer Salary - ₹1.8 Lakhs to ₹3.5 Lakhs per year

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

The estimated take-home salary of a new Product Development Engineer at Mahindra & Mahindra ranges between ₹37,886 per month to ₹39,083 per month in India. The take-home salary calculation is based on the average Mahindra & Mahindra new Product Development Engineer salary in India which ranges between ₹2.0 Lakhs to ₹7.4 Lakhs per year for employees with less than 1 year of experience to 12 years. Check how did we calculate take home salary?

What is the notice period for new Product Development Engineer at Mahindra & Mahindra?

According to AmbitionBox, 50% of the Mahindra & Mahindra new Product Development Engineers reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Mahindra & Mahindra new Product Development Engineer Salaries

Mahindra & Mahindra new Product Development Engineer salary in India ranges between ₹2 Lakhs to ₹7.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 Mahindra & Mahindra latest salaries received from various employees of Mahindra & Mahindra.