Mahindra & Mahindra Mumbai Senior Product Manager Salaries by 9 Employees (Updated 2025)

5 - 12 years exp.

₹22 Lakhs - ₹47 Lakhs

Avg. annual salary

Monthly In-hand Salary

At par with the average Senior Product Manager Salary in Automobile Companies for 5 - 12 years of experience

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Last Updated: 18 Feb 2025

Companies similar to Mahindra & Mahindra for Senior Product Manager in Mumbai

Mahindra & Mahindra Senior Product Manager Salary

5 - 12 years exp. (9 salaries)

₹22 L/yr - ₹47 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Senior Product Manager Salary 2 - 10 years exp. (315 salaries)	₹15.9 L/yr - ₹35 L/yr 27% less
Kotak Mahindra Bank Senior Product Manager Salary 1 - 10 years exp. (138 salaries)	₹9 L/yr - ₹28 L/yr 41% less
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Axis Bank Senior Product Manager Salary 2 - 9 years exp. (136 salaries)	₹10.1 L/yr - ₹28.4 L/yr 38% less
IDFC FIRST Bank Senior Product Manager Salary 2 - 10 years exp. (116 salaries)	₹10.2 L/yr - ₹38 L/yr 28% less
HDFC Bank Senior Product Manager Salary 5 - 12 years exp. (103 salaries)	₹10.3 L/yr - ₹35 L/yr 32% less

Senior Product Manager salary at Mahindra & Mahindra ranges between ₹22 Lakhs to ₹47 Lakhs per year for employees with experience between 5 years to 12 years. Salary estimates are based on 9 latest salaries received from various employees of Mahindra & Mahindra.

Experience wise Mahindra & Mahindra Senior Product Manager salaries in Mumbai

Last Updated: 18 Feb 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹27.8 L/yr - ₹35.6 L/yr
6 years (AmbitionBox Estimate)	₹28.3 L/yr - ₹36.2 L/yr
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7 years (AmbitionBox Estimate)	₹28.8 L/yr - ₹36.8 L/yr
8 years (AmbitionBox Estimate)	₹29.3 L/yr - ₹37.4 L/yr
9 years (AmbitionBox Estimate)	₹29.8 L/yr - ₹38 L/yr
10 years (AmbitionBox Estimate)	₹30.2 L/yr - ₹38.7 L/yr
11 years (AmbitionBox Estimate)	₹30.7 L/yr - ₹39.3 L/yr
12 years (AmbitionBox Estimate)	₹31.2 L/yr - ₹39.9 L/yr

View all

Similar Designation salaries in Mahindra & Mahindra

Product Manager Salary

(31 salaries)

₹8.05 L/yr - ₹26.4 L/yr

Project Manager Salary

(9 salaries)

₹9 L/yr - ₹20 L/yr

Production Manager Salary

(5 salaries)

₹11.9 L/yr - ₹19.53 L/yr

Senior Project Manager Salary

(3 salaries)

₹12 L/yr - ₹27.5 L/yr

Salary related reviews for Mahindra & Mahindra

5.0

Rated by 1 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 Senior Product Manager Salary FAQs

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

The average salary of a Senior Product Manager at Mahindra & Mahindra in Mumbai typically ranges from ₹22.0 Lakhs to ₹47.0 Lakhs per year, depending on experience (from 5 years to 12 years).

The top 10% of Senior Product Manager in Mumbai at Mahindra & Mahindra earn more than ₹42.6 Lakhs per year, and the top 1% earn over ₹47.0 Lakhs per year. Senior 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 9 Mahindra & Mahindra employees in India.

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

The estimated take-home salary of a Senior Product Manager at Mahindra & Mahindra in Mumbai typically ranges from ₹2,00,035 to ₹2,07,943 per month. This is based on the average salary range of ₹22.0 Lakhs to ₹47.0 Lakhs per year for employees with experience ranging from 5 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 9 salaries received from various employees of Mahindra & Mahindra. Check how we calculate in-hand salary with our in-hand salary calculator.

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

The salary of a Senior 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:

ICICI Bank	₹15.9 Lakhs to ₹35.0 Lakhs per year
IDFC FIRST Bank	₹10.2 Lakhs to ₹38.0 Lakhs per year
HDFC Bank	₹10.3 Lakhs to ₹35.0 Lakhs per year
Axis Bank	₹10.1 Lakhs to ₹28.4 Lakhs per year
Kotak Mahindra Bank	₹9.0 Lakhs to ₹28.0 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 Senior Product Manager at Mahindra & Mahindra in Mumbai?

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

Experience	Average Salary Range
5 years	₹27.8 Lakhs to ₹35.6 Lakhs per year
6 years	₹28.3 Lakhs to ₹36.2 Lakhs per year
7 years	₹28.8 Lakhs to ₹36.8 Lakhs per year
8 years	₹29.3 Lakhs to ₹37.4 Lakhs per year

and so on.

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Mahindra & Mahindra Senior Product Manager Salaries in Mumbai

Mahindra & Mahindra Senior Product Manager salary in Mumbai ranges between ₹22 Lakhs to ₹47 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Mahindra & Mahindra latest salaries received from various employees of Mahindra & Mahindra.