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Mindarika new Product Development Engineer salaries in India

Annual salary range
4 - 7 years exp.
₹4.3 Lakhs - ₹6 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
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Monthly In-hand Salary

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21% more than the average new Product Development Engineer Salary in Auto Components Companies for 4 - 7 years of experience

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Last Updated: 17 Mar 2023

Companies similar to Mindarika for new Product Development Engineer

Company name Avg Annual Salary Open Jobs
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₹1.8 L/yr - ₹5 L/yr

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₹1.8 L/yr - ₹5.7 L/yr

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₹2.2 L/yr - ₹5.4 L/yr

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₹2.9 L/yr - ₹8 L/yr

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₹3.9 L/yr - ₹5.6 L/yr

At par
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₹2.1 L/yr - ₹6.8 L/yr

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₹2 L/yr - ₹4.1 L/yr

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₹3 L/yr - ₹4.6 L/yr

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₹1.8 L/yr - ₹4.5 L/yr

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₹3 L/yr - ₹4.2 L/yr

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₹3.2 L/yr - ₹4.1 L/yr

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₹1.7 L/yr - ₹3.5 L/yr

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Logo
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₹2.6 L/yr - ₹9.2 L/yr

arrow icon 14% more
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₹2.5 L/yr - ₹6 L/yr

arrow icon 26% less
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₹2.2 L/yr - ₹5.1 L/yr

arrow icon 26% less
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₹2.8 L/yr - ₹4.2 L/yr

arrow icon 24% less
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₹2.8 L/yr - ₹5.8 L/yr

arrow icon 4% less
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₹1.5 L/yr - ₹3.5 L/yr

arrow icon 38% less
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₹3.6 L/yr - ₹5 L/yr

arrow icon 17% less
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₹2.5 L/yr - ₹6.2 L/yr

arrow icon 24% less
View all
new Product Development Engineer salary at Mindarika ranges between ₹4.3 Lakhs to ₹6 Lakhs per year for employees with experience between 4 years to 7 years. Salary estimates are based on 5 latest salaries received from various employees of Mindarika.

Latest annual salaries shared by Mindarika new Product Development Engineer

1y ago
₹5.2 Lakhs
7 years exp.
1y ago
₹6 Lakhs
6 years exp.
1y ago
₹4.9 Lakhs
6 years exp.
1y ago
₹5.2 Lakhs
6 years exp.
1y ago
₹4.3 Lakhs
4 years exp.

Experience wise Mindarika new Product Development Engineer salaries

Last Updated: 17 Mar 2023

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹4.9 L/yr
5 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹5.3 L/yr
6 years  (3 salaries)

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₹4.9 L/yr - ₹6 L/yr
7 years (AmbitionBox Estimate)

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₹5.1 L/yr - ₹6.5 L/yr

Similar Designation salaries in Mindarika

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₹1.5 L/yr - ₹5.05 L/yr
Product Engineer Salary
(AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr
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₹3.45 L/yr - ₹9 L/yr
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₹6.2 L/yr - ₹7.2 L/yr
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₹4.8 L/yr - ₹6 L/yr
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₹2.2 L/yr - ₹4.2 L/yr
Design Engineer Salary
(34 salaries)
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₹2 L/yr - ₹5 L/yr
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(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr
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(AmbitionBox Estimate)
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₹5.6 L/yr - ₹7.1 L/yr
Senior Engineer Salary
(54 salaries)
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₹3.84 L/yr - ₹8.3 L/yr

Salary related reviews for Mindarika

1.0

Rated by 1 employees for salary & benefits

Production, Manufacturing & Engineering Department

4.0
  •  posted on 28 Nov 2017

3.0
 for  Salary and Benefits

Likes

Learning to the my work skills

  • Job security - Good
  • +1 more

Dislikes

...rika is good company,hear manufacturing for the car power windows switches. Satisfied the salary, Then life balance comfortably Travels available for this company.

read more

Full Time

 · 

Customer Success, Service & Operations Department

4.0
  •  posted on 29 Mar 2023

1.0
 for  Salary and Benefits

Likes

Mindarika is very good company for those who are starting their corporate career. Old management (till-2018) was good and quick decision maker.

read more

Dislikes

Office politics and some old experienced employees are not good. Salary was not good according to work they have given to you.

read more
  • Salary - Bad
  • +1 more

Full Time

 · 

Research & Development Department

4.0
  •  posted on 21 May 2021

4.0
 for  Salary and Benefits

Likes

Working in team, everyone treats you equally despite your position in the company. Everyone has the oppurtunity to raise their voices and concern and it all been listen carefully. Organisation really considers us assets and provide us better opportunity for growth.

read more
  • Salary - Good
  • +6 more

Dislikes

Salary is a little low but that is anywhere in these type of organisation.

read more

Quality Assurance Department

5.0
  •  posted on 04 Oct 2021

5.0
 for  Salary and Benefits

Likes

...vironment and culture. There is a huge cefeteria and gaming arcade for chilling. Company policies are good , appraiser are fair and they give good, salary hike and bonus every year

read more
  • Salary - Excellent
  • +6 more

Dislikes

There is a lot of politics and tha management doesn't address our issues. Salary is decent but career growth is slow.there is a bond of 2 years before which you cannot resign. On the job training is not given to new joiness.

read more

Procurement & Supply Chain Department

2.0
  •  posted on 02 Jun 2022

2.0
 for  Salary and Benefits

Likes

Nothing

Dislikes

Management, very low salaries compared to work, uneducated people are working in staff at senior level without having skill and knowledge, people are rude and noisy, work environment is too bad....you can not concentrate on your work ect ect.....

read more
  • Salary - Poor
  • +4 more
see more salary related reviews

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Mindarika new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Mindarika ?
The average salary of a new Product Development Engineer at Mindarika in India typically ranges from ₹4.3 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 4 years to 7 years).

The top 10% of new Product Development Engineer at Mindarika earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. new Product Development Engineer Salaries at Mindarika 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 5 Mindarika employees in India.
What is the estimated take home salary of a new Product Development Engineer at Mindarika in India?
The estimated take-home salary of a new Product Development Engineer at Mindarika in India typically ranges from ₹36,881 to ₹38,093 per month. This is based on the average salary range of ₹4.3 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 4 years to 7 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 5 salaries received from various employees of Mindarika. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Mindarika for new Product Development Engineer in India?
Subros ₹2.6 Lakhs to ₹9.2 Lakhs per year
Motherson Automotive Technologies and Engineering ₹2.9 Lakhs to ₹8.0 Lakhs per year
Bharat Forge ₹3.9 Lakhs to ₹5.6 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mindarika, depending on the role and experience level.
What is the salary of a new Product Development Engineer in companies similar to Mindarika in India?
The salary of a new Product Development Engineer at companies similar to Mindarika in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Keihin Fie ₹2.8 Lakhs to ₹5.8 Lakhs per year
Hitachi Astemo ₹3.8 Lakhs to ₹4.5 Lakhs per year
Gabriel India ₹3.6 Lakhs to ₹5.0 Lakhs per year
TVS Sundram Fasteners ₹2.1 Lakhs to ₹6.8 Lakhs per year
Sekisui Dljm Molding ₹3.2 Lakhs to ₹4.1 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 Mindarika in India?
The salary growth for a new Product Development Engineer at Mindarika depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer can expect the following growth trajectory at Mindarika:

Experience Average Salary Range
4 years ₹3.9 Lakhs to ₹4.9 Lakhs per year
5 years ₹4.2 Lakhs to ₹5.3 Lakhs per year
6 years ₹4.9 Lakhs to ₹6.0 Lakhs per year
7 years ₹5.1 Lakhs to ₹6.5 Lakhs per year
and so on.

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Mindarika new Product Development Engineer salary in India ranges between ₹4.3 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Mindarika latest salaries received from various employees of Mindarika.