Average annual salary for most employees Fixed vs. variable pay breakdown Estimated monthly take-home salary16% less than the average Product Manager Salary in Automobile Companies for 3 - 12 years of experience
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Salaries in different departments
Product Management
Product Manager Salary
3 - 12
years
exp.
(17
salaries)
|  ₹8.1 L/yr - ₹25 L/yr |
Marketing & Communication
Product Manager Salary
3 - 12
years
exp.
(9
salaries)
| ₹12.8 L/yr - ₹26.4 L/yr |
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| |
Research & Development
Product Manager Salary
5 - 11
years
exp.
(4
salaries)
| ₹8 L/yr - ₹21.6 L/yr |
Project & Program Management
Product Manager Salary
5 - 12
years
exp.
(3
salaries)
| ₹10.5 L/yr - ₹16.8 L/yr |
Sales & Business Development
Product Manager Salary
6 - 10
years
exp.
(AmbitionBox Estimate)
| ₹12 L/yr - ₹21.8 L/yr |
Companies similar to Mahindra & Mahindra for Product Manager
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 Ford Motor Product Manager Salary
6 - 21 years exp. (132 salaries) | ₹13 L/yr - ₹42 L/yr 
71%
more | |
 Maruti Suzuki Product Manager Salary
2 - 10 years exp. (53 salaries) | ₹9 L/yr - ₹27 L/yr
7%
more | 1 job opening |
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| ||
 Tata Motors Product Manager Salary
2 - 12 years exp. (34 salaries) | ₹7.2 L/yr - ₹24.5 L/yr 
16%
less | |
 TVS Motor Product Manager Salary
3 - 12 years exp. (29 salaries) | ₹11 L/yr - ₹40 L/yr
41%
more | |
 Hero MotoCorp Product Manager Salary
4 - 11 years exp. (16 salaries) | ₹16.3 L/yr - ₹34.8 L/yr
32%
more | |
 Bajaj Auto Product Manager Salary
3 - 14 years exp. (16 salaries) | ₹18 L/yr - ₹40 L/yr
69%
more | |
 Ashok Leyland Product Manager Salary
3 - 16 years exp. (13 salaries) | ₹5.3 L/yr - ₹20.6 L/yr
29%
less | |
 Nissan Product Manager Salary
8 - 13 years exp. (9 salaries) | ₹20.4 L/yr - ₹38 L/yr
80%
more | |
 Volvo Product Manager Salary
9 - 13 years exp. (8 salaries) | ₹17.1 L/yr - ₹31.3 L/yr
1%
more | |
 Daimler India Commercial Vehicles Product Manager Salary
1 - 11 years exp. (7 salaries) | ₹6.5 L/yr - ₹17 L/yr
38%
less | |
 Hyundai Motor India Limited Product Manager Salary
2 - 5 years exp. (6 salaries) | ₹10 L/yr - ₹18.6 L/yr
30%
less | |
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| ||
 BMW Product Manager Salary
6 - 14 years exp. (5 salaries) | ₹24.7 L/yr - ₹28.5 L/yr
52%
more | |
 Renault Nissan Technology & Business Centre India Product Manager Salary
5 - 11 years exp. (5 salaries) | ₹7.5 L/yr - ₹23 L/yr
26%
less | |
 Mahindra Automotives Product Manager Salary
3 - 11 years exp. (5 salaries) | ₹10 L/yr - ₹30 L/yr
8%
more | |
 General Motors Product Manager Salary
7 - 12 years exp. (4 salaries) | ₹18.4 L/yr - ₹40 L/yr
31%
more | |
 Hinduja Group Product Manager Salary
4 - 15 years exp. (4 salaries) | ₹3.4 L/yr - ₹6 L/yr
75%
less | |
Latest annual salaries shared by Mahindra & Mahindra Product Manager
Experience wise Mahindra & Mahindra Product Manager salaries
Last Updated: 20 Mar 2025
| Experience | Avg Annual Salary |
|---|---|
| 3 years (4 salaries) |
₹11.8
L/yr
- ₹20
L/yr
|
| 4 years (3 salaries) |
₹7.1
L/yr
- ₹22
L/yr
|
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| |
| 5 years (7 salaries) |
₹8
L/yr
- ₹21
L/yr
|
| 6 years (10 salaries) |
₹11
L/yr
- ₹25.9
L/yr
|
| 7 years (5 salaries) |
₹8.1
L/yr
- ₹26.4
L/yr
|
Similar Designation salaries in Mahindra & Mahindra
Top skills at Mahindra & Mahindra for Product Manager
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Mahindra & Mahindra Product Manager Salary FAQs
The top 10% of Product Manager at Mahindra & Mahindra earn more than ₹25.0 Lakhs per year, and the top 1% earn over ₹27.9 Lakhs per year. Product 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 50+ Mahindra & Mahindra employees in India.
- - Data Analytics
- - Cloud Computing
- - Product Management
- - Stakeholder Management
- - Product Launch
These skills are highly valued at Mahindra & Mahindra and are crucial for successful performance in a Software Engineering role.
| Nissan | ₹20.4 Lakhs to ₹38.0 Lakhs per year |
| Ford Motor | ₹13.0 Lakhs to ₹42.0 Lakhs per year |
| Bajaj Auto | ₹18.0 Lakhs to ₹40.0 Lakhs per year |
| BMW | ₹24.7 Lakhs to ₹28.5 Lakhs per year |
| TVS Motor | ₹11.0 Lakhs to ₹40.0 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.
| Hero MotoCorp | ₹16.3 Lakhs to ₹34.8 Lakhs per year |
| General Motors | ₹18.4 Lakhs to ₹40.0 Lakhs per year |
| Mahindra Automotives | ₹10.0 Lakhs to ₹30.0 Lakhs per year |
| Maruti Suzuki | ₹9.0 Lakhs to ₹27.0 Lakhs per year |
| Volvo | ₹17.1 Lakhs to ₹31.3 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.
| Experience | Average Salary Range |
|---|---|
| 3 years | ₹11.8 Lakhs to ₹20.0 Lakhs per year |
| 4 years | ₹7.1 Lakhs to ₹22.0 Lakhs per year |
| 5 years | ₹8.0 Lakhs to ₹21.0 Lakhs per year |
| 6 years | ₹11.0 Lakhs to ₹25.9 Lakhs per year |
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Mahindra & Mahindra Product Manager Salaries by Location
- Mahindra & Mahindra Product Manager salaries in Mumbai
- Mahindra & Mahindra Product Manager salaries in Pune
- Mahindra & Mahindra Product Manager salaries in Bangalore / Bengaluru
- Mahindra & Mahindra Product Manager salaries in Gurgaon / Gurugram
- Mahindra & Mahindra Product Manager salaries in New Delhi
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Mahindra & Mahindra Product Manager salary
in
India
ranges between ₹8
Lakhs to ₹28
Lakhs with an average annual salary of
₹. Salary estimates are based on
57
Mahindra & Mahindra latest salaries received from various employees of
Mahindra & Mahindra.