Mahindra & Mahindra Pune Product Manager Salaries by 10+ Employees (Updated 2025)

3 - 12 years exp.

₹8 Lakhs - ₹21.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

28% less than the average Product Manager Salary in Automobile Companies for 3 - 12 years of experience

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Salaries in different departments

Research & Development Product Manager Salary 5 - 6 years exp. (3 salaries)	₹8 L/yr - ₹13.4 L/yr
Marketing & Communication Product Manager Salary 11 - 12 years exp. (AmbitionBox Estimate)	₹16.4 L/yr - ₹20.6 L/yr
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Product Management Product Manager Salary 3 - 6 years exp. (AmbitionBox Estimate)	₹11.8 L/yr - ₹16.3 L/yr
Sales & Business Development Product Manager Salary 10 years exp. (AmbitionBox Estimate)	₹14.3 L/yr - ₹21.8 L/yr

Last Updated: 16 Jan 2025

Companies similar to Mahindra & Mahindra for Product Manager in Pune

Mahindra & Mahindra Product Manager Salary

3 - 12 years exp. (12 salaries)

₹8 L/yr - ₹21.8 L/yr

Company name	Avg Annual Salary	Open Jobs
Bajaj Auto Product Manager Salary 3 - 14 years exp. (11 salaries)	₹18 L/yr - ₹40 L/yr 109% more
Tata Motors Product Manager Salary 4 - 11 years exp. (6 salaries)	₹8.8 L/yr - ₹24.5 L/yr 1% less
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Bajaj Finserv Product Manager Salary 2 - 10 years exp. (277 salaries)	₹6.2 L/yr - ₹24 L/yr 3% less
Bajaj Finance Product Manager Salary 2 - 7 years exp. (191 salaries)	₹7.3 L/yr - ₹25 L/yr 5% less
Bajaj Finserv Health Product Manager Salary 2 - 6 years exp. (81 salaries)	₹7.6 L/yr - ₹22.5 L/yr 1% more

Product Manager salary at Mahindra & Mahindra ranges between ₹8 Lakhs to ₹21.8 Lakhs per year for employees with experience between 3 years to 12 years. Salary estimates are based on 12 latest salaries received from various employees of Mahindra & Mahindra.

Experience wise Mahindra & Mahindra Product Manager salaries in Pune

Last Updated: 16 Jan 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹13.3 L/yr - ₹17 L/yr
4 years (AmbitionBox Estimate)	₹13.4 L/yr - ₹17.2 L/yr
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5 years (AmbitionBox Estimate)	₹13.6 L/yr - ₹17.3 L/yr
6 years (AmbitionBox Estimate)	₹13.7 L/yr - ₹17.5 L/yr
7 years (AmbitionBox Estimate)	₹13.8 L/yr - ₹17.7 L/yr
8 years (AmbitionBox Estimate)	₹14 L/yr - ₹17.8 L/yr
9 years (AmbitionBox Estimate)	₹14.1 L/yr - ₹18 L/yr
10 years (5 salaries)	₹12 L/yr - ₹21.8 L/yr
11 years (AmbitionBox Estimate)	₹14.3 L/yr - ₹18.3 L/yr
12 years (AmbitionBox Estimate)	₹14.5 L/yr - ₹18.5 L/yr

View all

Similar Designation salaries in Mahindra & Mahindra

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Project Manager Salary

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Program Manager Salary

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₹10 L/yr - ₹23.95 L/yr

Production Manager Salary

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₹12.5 L/yr - ₹26.55 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

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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Top trending discussions

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Mahindra & Mahindra Product Manager Salary FAQs

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

The average salary of a Product Manager at Mahindra & Mahindra in Pune typically ranges from ₹8.0 Lakhs to ₹21.8 Lakhs per year, depending on experience (from 3 years to 12 years).

The top 10% of Product Manager in Pune at Mahindra & Mahindra earn more than ₹21.0 Lakhs per year, and the top 1% earn over ₹21.8 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 10+ Mahindra & Mahindra employees in India.

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

The estimated take-home salary of a Product Manager at Mahindra & Mahindra in Pune typically ranges from ₹1,06,115 to ₹1,09,034 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹21.8 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 10+ 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 Pune?

To be a Product Manager at Mahindra & Mahindra in Pune, 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.

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

Bajaj Auto	₹18.0 Lakhs to ₹40.0 Lakhs per year
Bajaj Finserv Health	₹7.6 Lakhs to ₹22.5 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 Manager in companies similar to Mahindra & Mahindra in Pune?

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

Tata Motors	₹8.8 Lakhs to ₹24.5 Lakhs per year
Bajaj Finserv	₹6.2 Lakhs to ₹24.0 Lakhs per year
Bajaj Finance	₹7.3 Lakhs to ₹25.0 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 Pune?

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

Experience	Average Salary Range
3 years	₹13.3 Lakhs to ₹17.0 Lakhs per year
4 years	₹13.4 Lakhs to ₹17.2 Lakhs per year
5 years	₹13.6 Lakhs to ₹17.3 Lakhs per year
6 years	₹13.7 Lakhs to ₹17.5 Lakhs per year

and so on.

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Mahindra & Mahindra Product Manager Salaries in Pune

Mahindra & Mahindra Product Manager salary in Pune ranges between ₹8 Lakhs to ₹21.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Mahindra & Mahindra latest salaries received from various employees of Mahindra & Mahindra.