Mahindra & Mahindra Chennai Product Development Manager Salaries by 5 Employees

10 - 21 years exp.

₹15 Lakhs - ₹28.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

At par with the average Product Development Manager Salary in Automobile Companies for 10 - 21 years of experience

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Last Updated: 16 Mar 2023

Companies similar to Mahindra & Mahindra for Product Development Manager in Chennai

Mahindra & Mahindra Product Development Manager Salary

10 - 21 years exp. (5 salaries)

₹15 L/yr - ₹28.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Ashok Leyland Product Development Manager Salary 8 - 16 years exp. (12 salaries)	₹10.2 L/yr - ₹17.7 L/yr 37% less
Ford Motor Product Development Manager Salary 15 - 19 years exp. (11 salaries)	₹25.5 L/yr - ₹46 L/yr 96% more
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Daimler India Commercial Vehicles Product Development Manager Salary 5 - 14 years exp. (7 salaries)	₹6.6 L/yr - ₹11 L/yr 54% less
SFL Autolec Division Product Development Manager Salary 12 - 17 years exp. (5 salaries)	₹1 L/yr - ₹9 L/yr 70% less
Apollo Tyres Product Development Manager Salary 11 - 15 years exp. (5 salaries)	₹15.8 L/yr - ₹19 L/yr 12% less	1 job opening

Product Development Manager salary at Mahindra & Mahindra ranges between ₹15 Lakhs to ₹28.2 Lakhs per year for employees with experience between 10 years to 21 years. Salary estimates are based on 5 latest salaries received from various employees of Mahindra & Mahindra.

Experience wise Mahindra & Mahindra Product Development Manager salaries in Chennai

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹15.8 L/yr - ₹20.3 L/yr
11 years (AmbitionBox Estimate)	₹16.1 L/yr - ₹20.6 L/yr
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12 years (AmbitionBox Estimate)	₹16.4 L/yr - ₹21 L/yr
13 years (AmbitionBox Estimate)	₹16.7 L/yr - ₹21.3 L/yr
14 years (AmbitionBox Estimate)	₹16.9 L/yr - ₹21.7 L/yr
15+ years (AmbitionBox Estimate)	₹18.5 L/yr - ₹23.6 L/yr

View all

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Top skills at Mahindra & Mahindra for Product Development Manager

Trend Analysis Analytical Chemistry Financial Analysis Cost Reduction Software Configuration Management Failure Analysis Data Analysis System Design Automotive Engineering Product Launch Competitive Analysis Wireframe Design Development Performance Analysis Ideation

Salary related reviews for Mahindra & Mahindra

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.

Salary - Poor

+6 more

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.

Skill development - Good

+3 more

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.

Salary - Good

+4 more

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.

Work-life balance - Poor

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

Salary - Excellent

+5 more

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

Customer Care Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 27 Jun 2022

1.0

for Salary and Benefits

Likes

All the above parameters are terribly rates because company has no focus on improving them. What ever they do, it is done for the eyewash not for the benefit of the employee. Employees are pressurised to give good rating in "BEST PLACE TO WORK" surveys.

Dislikes

...aisal is given to the employee in the month of August. That too with no arrears. Means employees get the same old salary for first 4 months of next financial year. Pathetic policy. S

Salary - Bad

+6 more

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Mahindra & Mahindra Product Development Manager Salary FAQs

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

The average salary of a Product Development Manager at Mahindra & Mahindra in Chennai typically ranges from ₹15.0 Lakhs to ₹28.2 Lakhs per year, depending on experience (from 10 years to 21 years).

The top 10% of Product Development Manager in Chennai at Mahindra & Mahindra earn more than ₹28.2 Lakhs per year, and the top 1% earn over ₹28.2 Lakhs per year. Product Development Manager 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 5 Mahindra & Mahindra employees in India.

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

The estimated take-home salary of a Product Development Manager at Mahindra & Mahindra in Chennai typically ranges from ₹1,27,128 to ₹1,31,334 per month. This is based on the average salary range of ₹15.0 Lakhs to ₹28.2 Lakhs per year for employees with experience ranging from 10 years to 21 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 5 salaries received from various employees of Mahindra & Mahindra. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Product Development Manager at Mahindra & Mahindra in Chennai?

To be a Product Development Manager at Mahindra & Mahindra in Chennai, the key skills required include:

- Trend Analysis
- Analytical Chemistry
- Financial Analysis
- Cost Reduction
- Software Configuration Management

These skills are highly valued at Mahindra & Mahindra and are crucial for successful performance in a Software Engineering role.

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

Ford Motor

₹25.5 Lakhs to ₹46.0 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 Product Development Manager in companies similar to Mahindra & Mahindra in Chennai?

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

Apollo Tyres	₹15.8 Lakhs to ₹19.0 Lakhs per year
Ashok Leyland	₹10.2 Lakhs to ₹17.7 Lakhs per year
Daimler India Commercial Vehicles	₹6.6 Lakhs to ₹11.0 Lakhs per year
SFL Autolec Division	₹1.0 Lakhs to ₹9.0 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 Product Development Manager at Mahindra & Mahindra in Chennai?

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

Experience	Average Salary Range
10 years	₹15.8 Lakhs to ₹20.3 Lakhs per year
11 years	₹16.1 Lakhs to ₹20.6 Lakhs per year
12 years	₹16.4 Lakhs to ₹21.0 Lakhs per year
13 years	₹16.7 Lakhs to ₹21.3 Lakhs per year

and so on.

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Mahindra & Mahindra Product Development Manager Salaries in Chennai

Mahindra & Mahindra Product Development Manager salary in Chennai ranges between ₹15 Lakhs to ₹28.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Mahindra & Mahindra latest salaries received from various employees of Mahindra & Mahindra.