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Mahindra & Mahindra Product Manager salaries in India (Updated 2025)

Annual salary range
3 - 12 years exp.
₹8 Lakhs - ₹28 Lakhs
Salary of majority employees
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16% less than the average Product Manager Salary in Automobile Companies for 3 - 12 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Product Management
Product Manager Salary
3 - 12 years exp. (17 salaries)
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₹8.1 L/yr - ₹25 L/yr

Marketing & Communication
Product Manager Salary
3 - 12 years exp. (9 salaries)
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₹12.8 L/yr - ₹26.4 L/yr

Research & Development
Product Manager Salary
5 - 11 years exp. (4 salaries)
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₹8 L/yr - ₹21.6 L/yr

Project & Program Management
Product Manager Salary
5 - 12 years exp. (3 salaries)
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₹10.5 L/yr - ₹16.8 L/yr

Sales & Business Development
Product Manager Salary
6 - 10 years exp. (AmbitionBox Estimate)
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₹12 L/yr - ₹21.8 L/yr

Last Updated: 28 Feb 2025

Companies similar to Mahindra & Mahindra for Product Manager

Company name Avg Annual Salary Open Jobs
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Tata Motors Product Manager Salary

2 - 10 years exp. (31 salaries)

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₹7.2 L/yr - ₹20 L/yr

arrow icon 18% less
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Maruti Suzuki Product Manager Salary

2 - 10 years exp. (48 salaries)

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₹10 L/yr - ₹32 L/yr

arrow icon 10% more
1 job opening
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Hero MotoCorp Product Manager Salary

4 - 11 years exp. (16 salaries)

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₹16.3 L/yr - ₹34.8 L/yr

arrow icon 32% more
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Bajaj Auto Product Manager Salary

3 - 14 years exp. (16 salaries)

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₹18 L/yr - ₹40 L/yr

arrow icon 70% more
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TVS Motor Product Manager Salary

3 - 12 years exp. (25 salaries)

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₹11 L/yr - ₹38.8 L/yr

arrow icon 42% more
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Ashok Leyland Product Manager Salary

3 - 16 years exp. (16 salaries)

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₹7.5 L/yr - ₹25 L/yr

arrow icon 20% less
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₹10 L/yr - ₹18.6 L/yr

arrow icon 30% less
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Ford Business Solutions Product Manager Salary

10 - 19 years exp. (36 salaries)

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₹16 L/yr - ₹45 L/yr

arrow icon 70% more
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Renault Product Manager Salary

5 - 17 years exp. (3 salaries)

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₹11 L/yr - ₹55 L/yr

arrow icon 44% more
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Ford Motor Product Manager Salary

6 - 21 years exp. (134 salaries)

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₹15 L/yr - ₹42 L/yr

arrow icon 82% more
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Escorts Kubota Limited Product Manager Salary

1 - 11 years exp. (24 salaries)

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₹5 L/yr - ₹15.4 L/yr

arrow icon 38% less
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Nissan Product Manager Salary

7 - 13 years exp. (11 salaries)

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₹20 L/yr - ₹38 L/yr

arrow icon 70% more
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Volvo Product Manager Salary

9 - 13 years exp. (8 salaries)

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₹17.1 L/yr - ₹31.3 L/yr

arrow icon 1% more
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₹6.5 L/yr - ₹22 L/yr

arrow icon 22% less
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BMW Product Manager Salary

6 - 14 years exp. (5 salaries)

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₹24.7 L/yr - ₹28.5 L/yr

arrow icon 53% more
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₹7.5 L/yr - ₹23 L/yr

arrow icon 26% less
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Mahindra Automotives Product Manager Salary

3 - 11 years exp. (5 salaries)

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₹10 L/yr - ₹30 L/yr

arrow icon 8% more
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General Motors Product Manager Salary

7 - 12 years exp. (4 salaries)

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₹18.4 L/yr - ₹40 L/yr

arrow icon 31% more
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Hinduja Group Product Manager Salary

4 - 15 years exp. (4 salaries)

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₹3.4 L/yr - ₹6 L/yr

arrow icon 74% less
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Force Motors Product Manager Salary

1 - 12 years exp. (3 salaries)

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₹4.3 L/yr - ₹15 L/yr

arrow icon 37% less
View all
Product Manager salary at Mahindra & Mahindra ranges between ₹8 Lakhs to ₹28 Lakhs per year for employees with experience between 3 years to 12 years. Salary estimates are based on 57 latest salaries received from various employees of Mahindra & Mahindra.

Latest annual salaries shared by Mahindra & Mahindra Product Manager

5d ago
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11 years exp.
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12 years exp.
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8 years exp.
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3 years exp.
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6 years exp.
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7 years exp.
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6 years exp.
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11 years exp.
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5 years exp.
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7 years exp.

Experience wise Mahindra & Mahindra Product Manager salaries

Last Updated: 28 Feb 2025

Experience Avg Annual Salary
3 years  (4 salaries)

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₹11.8 L/yr - ₹20 L/yr
4 years  (3 salaries)

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₹7.1 L/yr - ₹22 L/yr
5 years  (7 salaries)

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₹8 L/yr - ₹21 L/yr
6 years  (10 salaries)

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₹11 L/yr - ₹25.9 L/yr
7 years  (5 salaries)

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₹8.1 L/yr - ₹26.4 L/yr
View all

Similar Designation salaries in Mahindra & Mahindra

Project Manager Salary
(86 salaries)
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₹6.5 L/yr - ₹26.2 L/yr
Product Manager 2 Salary
(AmbitionBox Estimate)
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₹23.9 L/yr - ₹30.5 L/yr
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₹10 L/yr - ₹26.55 L/yr
Product Owner Salary
(AmbitionBox Estimate)
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₹18.5 L/yr - ₹23.7 L/yr
Program Manager Salary
(88 salaries)
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₹9.7 L/yr - ₹28.6 L/yr
Lead Product Manager Salary
(AmbitionBox Estimate)
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₹14.4 L/yr - ₹18.4 L/yr
Group Product Manager Salary
(AmbitionBox Estimate)
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₹36.3 L/yr - ₹46.3 L/yr
Deputy Manager Salary
(2.8k salaries)
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₹5.1 L/yr - ₹19 L/yr
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₹22 L/yr - ₹47 L/yr
Scrum Master Salary
(3 salaries)
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₹10.5 L/yr - ₹18.5 L/yr

Top skills at Mahindra & Mahindra for Product Manager

Data Analytics Cloud Computing Product Management Stakeholder Management Product Launch Competitive Analysis Software Configuration Management Microsoft Power BI Home Loans Computer Networking IT Infrastructure Supply Chain Management Sales Operations Devsecops New Product Development
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Salary related reviews for Mahindra & Mahindra

3.3

Rated by 10 employees for salary & benefits

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.

read more

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

read more

Full Time

 · 

Research & Development Department

2.0
  •  posted on 12 Mar 2023

1.0
 for  Salary and Benefits

Likes

You have decision making power which helps in gaining experience hands-on.

  • Job security - Good

Dislikes

Work life balance, appraisal, salary benefits are in no way linked to your performance. It's all driven by internal politics. Never trust any promise made by senior management or HR department at Mahindra. 0% reliability.

read more
  • Salary - Bad
  • +5 more

Full Time

 · 

Production, Manufacturing & Engineering Department

3.0
  •  posted on 04 Oct 2018

3.0
 for  Salary and Benefits

Likes

Work Life Balance is good. Management keeps an eye on your learning needs. You are free to do innovation on your work area.

read more
  • Skill development - Good
  • +1 more

Dislikes

Salary structure is very poor. Growth is very less compared to other automobile manufacturers.

read more

Full Time

 · 

Production, Manufacturing & Engineering Department

4.0
  •  posted on 30 Jan 2022

4.0
 for  Salary and Benefits

Likes

A lots of things to learn and u always get opportunity to prove yourself. Compensation is also good No issue of leaves

read more
  • Salary - Good
  • +5 more

Dislikes

Production team has to do each and everything. Less support from CPE , RQA & PQA

see more salary related reviews

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Mahindra & Mahindra Product Manager Salary FAQs

What is the salary of Product Manager at Mahindra & Mahindra?
Product Manager salary at Mahindra & Mahindra in India ranges between ₹8.0 Lakhs to ₹28.0 Lakhs for experience between 3 years to 12 years. According to our estimates it is 16% less than the average Product Manager Salary in India. Salary estimates are based on 57 latest salaries received from various employees of Mahindra & Mahindra India.
How does the salary of a Product Manager at Mahindra & Mahindra India compare with the average salary range for this job?
The average salary of a Product Manager at Mahindra & Mahindra is 16% less than the average salary of a Product Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Product Manager at Mahindra & Mahindra?
Data Analytics, Cloud Computing, Product Management, Stakeholder Management and Product Launch are some of the popular skills required to work as a Product Manager at Mahindra & Mahindra India.
Which similar companies are paying more than Mahindra & Mahindra to a Product Manager in India?
  • Ford Motor Product Manager Salary - ₹15.0 Lakhs to ₹42.0 Lakhs per year
  • Nissan Product Manager Salary - ₹20.0 Lakhs to ₹38.0 Lakhs per year
  • Ford Business Solutions Product Manager Salary - ₹16.0 Lakhs to ₹45.0 Lakhs per year
  • Bajaj Auto Product Manager Salary - ₹18.0 Lakhs to ₹40.0 Lakhs per year
  • BMW Product Manager Salary - ₹24.7 Lakhs to ₹28.5 Lakhs per year
What is the salary of a Product Manager in companies similar to Mahindra & Mahindra in India?
  • Renault Product Manager Salary - ₹11.0 Lakhs to ₹55.0 Lakhs per year
  • TVS Motor Product Manager Salary - ₹11.0 Lakhs to ₹38.8 Lakhs per year
  • Hero MotoCorp Product Manager Salary - ₹16.3 Lakhs to ₹34.8 Lakhs per year
  • General Motors Product Manager Salary - ₹18.4 Lakhs to ₹40.0 Lakhs per year
  • Maruti Suzuki Product Manager Salary - ₹10.0 Lakhs to ₹32.0 Lakhs per year
What is the estimated take home salary of a Product Manager at Mahindra & Mahindra in India?
The estimated take-home salary of a Product Manager at Mahindra & Mahindra ranges between ₹1,22,308 per month to ₹1,25,873 per month in India. The take-home salary calculation is based on the average Mahindra & Mahindra Product Manager salary in India which ranges between ₹8.0 Lakhs to ₹28.0 Lakhs per year for employees with experience between 3 years to 12 years. Check how did we calculate take home salary?
What is the notice period for Product Manager at Mahindra & Mahindra?
According to AmbitionBox, 46% of the Mahindra & Mahindra Product Managers reported a notice period of 3 Months, 33% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 28 responses on AmbitionBox in last 2 years.

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Mahindra & Mahindra Product Manager salary in India ranges between ₹8 Lakhs to ₹28 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 57 Mahindra & Mahindra latest salaries received from various employees of Mahindra & Mahindra.