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%)

₹16.6 Lakhs

Variable (9%)

₹1.7 Lakh

10% 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. (7 salaries)	₹11.7 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 - ₹16.1 L/yr

Last Updated: 25 Jan 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 - 9 years exp. (17 salaries)	₹8 L/yr - ₹19.3 L/yr 20% less
Mahindra Automotives Product Manager Salary 3 - 6 years exp. (3 salaries)	₹10 L/yr - ₹24.6 L/yr 2% less
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ICICI Bank Product Manager Salary 0 - 11 years exp. (2k salaries)	₹7.5 L/yr - ₹27 L/yr 5% less
HDFC Bank Product Manager Salary 0 - 12 years exp. (589 salaries)	₹6 L/yr - ₹25.9 L/yr 19% less
Axis Bank Product Manager Salary 1 - 10 years exp. (425 salaries)	₹8 L/yr - ₹27.2 L/yr 9% 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: 25 Jan 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹20 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 (3 salaries)	₹11.7 L/yr - ₹20 L/yr
9 years (3 salaries)	₹12.8 L/yr - ₹33 L/yr
10 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹25 L/yr
11 years (AmbitionBox Estimate)	₹12.5 L/yr - ₹33.2 L/yr
12 years (3 salaries)	₹13.5 L/yr - ₹33.3 L/yr

View all

Similar Designation salaries in Mahindra & Mahindra

Deputy Manager Salary

(351 salaries)

₹5.25 L/yr - ₹18.5 L/yr

Project Manager Salary

(12 salaries)

₹7.5 L/yr - ₹20 L/yr

Senior Product Manager Salary

(9 salaries)

₹22 L/yr - ₹47 L/yr

Production Manager Salary

(4 salaries)

₹11.9 L/yr - ₹19.48 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

Discover interview dos and don'ts from real experiences

What people are saying about Mahindra & Mahindra

View All

divitr

works at

Mahindra & Mahindra

Budget 2025 was a bummer!

I am earning 13.5 lpa and appraisal would be around 8-9% this year...so next fiscal year I would be earning around 14.6. it is kind of disappointing to see how a person who earns less than me gets more money in hand and it would take me almost two more years and appraisals to get that money in hand. Any clarifications or suggestions on tax saving is appreciated!..thanks

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Mahindra & Mahindra Product Manager Salary FAQs

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

Product Manager salary at Mahindra & Mahindra in Mumbai ranges between ₹8.1 Lakhs to ₹26.4 Lakhs for experience between 3 years to 12 years. According to our estimates it is 10% less than the average Product Manager Salary in India. Salary estimates are based on 31 latest salaries received from various employees of Mahindra & Mahindra Mumbai.

How does the salary of a Product Manager at Mahindra & Mahindra Mumbai compare with the average salary range for this job?

The average salary of a Product Manager at Mahindra & Mahindra is 10% less than the average salary of a Product Manager in Mumbai. 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 Mumbai.

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

Mahindra Automotives Product Manager Salary - ₹10.0 Lakhs to ₹24.6 Lakhs per year
ICICI Bank Product Manager Salary - ₹7.5 Lakhs to ₹27.0 Lakhs per year
Axis Bank Product Manager Salary - ₹8.0 Lakhs to ₹27.2 Lakhs per year
HDFC Bank Product Manager Salary - ₹6.0 Lakhs to ₹25.9 Lakhs per year
Tata Motors Product Manager Salary - ₹8.0 Lakhs to ₹19.3 Lakhs per year

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 ranges between ₹1,22,634 per month to ₹1,26,241 per month in Mumbai. The take-home salary calculation is based on the average Mahindra & Mahindra Product Manager salary in India which ranges between ₹8.1 Lakhs to ₹26.4 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 in Mumbai?

According to AmbitionBox, 54% of the Mahindra & Mahindra Product Managers in Mumbai reported a notice period of 1 Month, 46% reported a notice period of 3 Months.This is based on 13 responses on AmbitionBox in last 2 years.

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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.