Mahindra & Mahindra Mumbai Product Manager Salaries by 30+ Employees (Updated 2025)

3 - 12 years exp.

₹8.1 Lakhs - ₹26.4 Lakhs

Salary of majority employees

Fixed (91%)

₹17 Lakhs

Variable (9%)

₹1.7 Lakh

9% 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 6 - 12 years exp. (11 salaries)	₹8.1 L/yr - ₹25 L/yr
Marketing & Communication Product Manager Salary 3 - 10 years exp. (6 salaries)	₹12.8 L/yr - ₹26.4 L/yr
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Project & Program Management Product Manager Salary 5 - 12 years exp. (AmbitionBox Estimate)	₹10.5 L/yr - ₹17.3 L/yr

Last Updated: 20 Mar 2025

Companies similar to Mahindra & Mahindra for Product Manager in Mumbai

Mahindra & Mahindra Product Manager Salary

3 - 12 years exp. (31 salaries)

₹8.1 L/yr - ₹26.4 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata Motors Product Manager Salary 2 - 12 years exp. (19 salaries)	₹8 L/yr - ₹24 L/yr 20% less
Mahindra Automotives Product Manager Salary 3 - 6 years exp. (3 salaries)	₹10 L/yr - ₹24.6 L/yr 4% less
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ICICI Bank Product Manager Salary 0 - 10 years exp. (2.1k salaries)	₹7.5 L/yr - ₹27 L/yr 6% less
HDFC Bank Product Manager Salary 0 - 14 years exp. (629 salaries)	₹7 L/yr - ₹25.7 L/yr 18% less
Axis Bank Product Manager Salary 0 - 11 years exp. (440 salaries)	₹7 L/yr - ₹28.8 L/yr 11% less

Product Manager salary at Mahindra & Mahindra ranges between ₹8.1 Lakhs to ₹26.4 Lakhs per year for employees with experience between 3 years to 12 years. Salary estimates are based on 31 latest salaries received from various employees of Mahindra & Mahindra.

Experience wise Mahindra & Mahindra Product Manager salaries in Mumbai

Last Updated: 20 Mar 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹16.3 L/yr - ₹20.8 L/yr
4 years (3 salaries)	₹7.3 L/yr - ₹22 L/yr
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5 years (3 salaries)	₹10.5 L/yr - ₹21 L/yr
6 years (5 salaries)	₹12 L/yr - ₹25.9 L/yr
7 years (5 salaries)	₹8.1 L/yr - ₹26.4 L/yr
8 years (AmbitionBox Estimate)	₹16.9 L/yr - ₹21.6 L/yr
9 years (3 salaries)	₹12.8 L/yr - ₹34.1 L/yr
10 years (AmbitionBox Estimate)	₹17.2 L/yr - ₹22 L/yr
11 years (AmbitionBox Estimate)	₹17.3 L/yr - ₹22.1 L/yr
12 years (4 salaries)	₹13.5 L/yr - ₹22 L/yr

View all

Similar Designation salaries in Mahindra & Mahindra

Deputy Manager Salary

(354 salaries)

₹5.7 L/yr - ₹18.5 L/yr

Project Manager Salary

(9 salaries)

₹9 L/yr - ₹20 L/yr

Senior Product Manager Salary

(9 salaries)

₹22 L/yr - ₹47 L/yr

Production Manager Salary

(5 salaries)

₹11.9 L/yr - ₹19.53 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

Salary related reviews for Mahindra & Mahindra

3.5

Rated by 4 employees for salary & benefits

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.

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

Deputy Manager in Pune

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.

Salary - Bad

+5 more

Deputy Manager in Pune

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.

Skill development - Good

+1 more

Dislikes

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

Deputy Manager in Zaheerabad

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

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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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Mahindra & Mahindra Product Manager Salary FAQs

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

The average salary of a Product Manager at Mahindra & Mahindra in Mumbai typically ranges from ₹8.1 Lakhs to ₹26.4 Lakhs per year, depending on experience (from 3 years to 12 years).

The top 10% of Product Manager in Mumbai at Mahindra & Mahindra earn more than ₹25.0 Lakhs per year, and the top 1% earn over ₹26.4 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 30+ Mahindra & Mahindra employees in India.

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

The estimated take-home salary of a Product Manager at Mahindra & Mahindra in Mumbai typically ranges from ₹1,25,048 to ₹1,28,977 per month. This is based on the average salary range of ₹8.1 Lakhs to ₹26.4 Lakhs per year for employees with experience ranging from 3 years to 12 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 30+ 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 Manager at Mahindra & Mahindra in Mumbai?

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

- 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.

What is the salary of a Product Manager in companies similar to Mahindra & Mahindra in Mumbai?

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

Mahindra Automotives	₹10.0 Lakhs to ₹24.6 Lakhs per year
ICICI Bank	₹7.5 Lakhs to ₹27.0 Lakhs per year
Axis Bank	₹7.0 Lakhs to ₹28.8 Lakhs per year
HDFC Bank	₹7.0 Lakhs to ₹25.7 Lakhs per year
Tata Motors	₹8.0 Lakhs to ₹24.0 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 Manager at Mahindra & Mahindra in Mumbai?

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

Experience	Average Salary Range
3 years	₹16.3 Lakhs to ₹20.8 Lakhs per year
4 years	₹7.3 Lakhs to ₹22.0 Lakhs per year
5 years	₹10.5 Lakhs to ₹21.0 Lakhs per year
6 years	₹12.0 Lakhs to ₹25.9 Lakhs per year

and so on.

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Mahindra & Mahindra Product Manager Salaries in Mumbai

Mahindra & Mahindra Product Manager salary in Mumbai ranges between ₹8.1 Lakhs to ₹26.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 31 Mahindra & Mahindra latest salaries received from various employees of Mahindra & Mahindra.