MD Industries Nashik new Product Development Engineer Salaries by 4 Employees

2 - 8 years exp.

₹2 Lakhs - ₹4.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

13% less than the average new Product Development Engineer Salary for 2 - 8 years of experience

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Last Updated: 15 Mar 2023

Companies similar to MD Industries for new Product Development Engineer in Nashik

MD Industries new Product Development Engineer Salary

2 - 8 years exp. (4 salaries)

₹2 L/yr - ₹4.6 L/yr

Company name	Avg Annual Salary	Open Jobs
Ukay Metal Industries new Product Development Engineer Salary 0 - 9 years exp. (7 salaries)	₹2 L/yr - ₹6 L/yr 21% more
Sharda Motor Industries new Product Development Engineer Salary 2 - 5 years exp. (7 salaries)	₹2.6 L/yr - ₹4.5 L/yr 1% more
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Right Tight Fasteners new Product Development Engineer Salary 1 - 5 years exp. (6 salaries)	₹2.1 L/yr - ₹3 L/yr 21% less
J.P.Enterprises new Product Development Engineer Salary 4 - 11 years exp. (5 salaries)	₹2.5 L/yr - ₹4.8 L/yr 30% more
Goldy Precision Stampings new Product Development Engineer Salary 3 - 7 years exp. (5 salaries)	₹2.6 L/yr - ₹4.2 L/yr 8% more

new Product Development Engineer salary at MD Industries ranges between ₹2 Lakhs to ₹4.6 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of MD Industries.

Experience wise MD Industries new Product Development Engineer salaries in Nashik

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
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4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
6 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
7 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
8 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr

View all

Similar Designation salaries in MD Industries

Development Engineer Salary

(5 salaries)

₹3.5 L/yr - ₹5 L/yr

Production Supervisor Salary

(4 salaries)

₹1.5 L/yr - ₹3.6 L/yr

Senior Engineer Salary

(3 salaries)

₹4.2 L/yr - ₹5.5 L/yr

Salary related reviews for MD Industries

CNC Setter & Operator in Ploy No F-15 , Opposite To Autocop ,ambad

Cnc machine shop Department

3.0

• posted on 20 Jun 2022

2.0

for Salary and Benefits

Likes

In md industry we should learn that how to become a perfect machine operator and also know to operate different types of measuring instruments.

Dislikes

We only have limited skills to learn like cnc operator and setter. After this nothing can learn more to improve our skills.

Salary - Poor

+2 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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MD Industries new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at MD Industries in Nashik?

The average salary of a new Product Development Engineer at MD Industries in Nashik typically ranges from ₹2.0 Lakhs to ₹4.6 Lakhs per year, depending on experience (from 2 years to 8 years).

The top 10% of new Product Development Engineer in Nashik at MD Industries earn more than ₹4.6 Lakhs per year, and the top 1% earn over ₹4.6 Lakhs per year. new Product Development Engineer Salaries at MD Industries 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 4 MD Industries employees in India.

What is the estimated take home salary of a new Product Development Engineer at MD Industries in Nashik?

The estimated take-home salary of a new Product Development Engineer at MD Industries in Nashik typically ranges from ₹23,540 to ₹25,001 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹4.6 Lakhs per year for employees with experience ranging from 2 years to 8 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 4 salaries received from various employees of MD Industries. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than MD Industries for new Product Development Engineer in India?

J.P.Enterprises	₹2.5 Lakhs to ₹4.8 Lakhs per year
Ukay Metal Industries	₹2.0 Lakhs to ₹6.0 Lakhs per year
Goldy Precision Stampings	₹2.6 Lakhs to ₹4.2 Lakhs per year
Sharda Motor Industries	₹2.6 Lakhs to ₹4.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by MD Industries, depending on the role and experience level.

What is the salary of a new Product Development Engineer in companies similar to MD Industries in Nashik?

The salary of a new Product Development Engineer at companies similar to MD Industries in Nashik varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Right Tight Fasteners

₹2.1 Lakhs to ₹3.0 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 new Product Development Engineer at MD Industries in Nashik?

The salary growth for a new Product Development Engineer at MD Industries in Nashik depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer in Nashik can expect the following growth trajectory at MD Industries:

Experience	Average Salary Range
2 years	₹2.4 Lakhs to ₹3.0 Lakhs per year
3 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
4 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
5 years	₹2.9 Lakhs to ₹3.7 Lakhs per year

and so on.

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MD Industries new Product Development Engineer Salaries in Nashik

MD Industries new Product Development Engineer salary in Nashik ranges between ₹2 Lakhs to ₹4.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 MD Industries latest salaries received from various employees of MD Industries.