Mungi Group new Product Development Engineer Salaries by 8 Employees (Updated 2025)

3 - 8 years exp.

₹2.9 Lakhs - ₹6.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

44% more than the average new Product Development Engineer Salary in Auto Components Companies for 3 - 8 years of experience

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Salaries in different departments

Research & Development new Product Development Engineer Salary 3 - 8 years exp. (6 salaries)	₹2.9 L/yr - ₹6.5 L/yr
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Project & Program Management new Product Development Engineer Salary 5 - 7 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹6 L/yr

Last Updated: 31 Mar 2025

Companies similar to Mungi Group for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Hical Technologies new Product Development Engineer Salary 1 - 8 years exp. (15 salaries)	₹2 L/yr - ₹9 L/yr 18% less
Victora Auto Private Limited new Product Development Engineer Salary 1 - 8 years exp. (10 salaries)	₹2.6 L/yr - ₹6 L/yr 34% less
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S. M. Auto Engineering new Product Development Engineer Salary 1 - 7 years exp. (9 salaries)	₹3 L/yr - ₹4.5 L/yr 34% less
International Automotive Components new Product Development Engineer Salary 4 - 8 years exp. (7 salaries)	₹4.8 L/yr - ₹9.2 L/yr 48% more
Surin Automotive new Product Development Engineer Salary 4 - 6 years exp. (5 salaries)	₹3.1 L/yr - ₹5.5 L/yr 27% less
Rajsriya Automotive Industries new Product Development Engineer Salary 4 - 7 years exp. (5 salaries)	₹2.5 L/yr - ₹2.6 L/yr 57% less
India Japan Lighting new Product Development Engineer Salary 4 - 5 years exp. (4 salaries)	₹3.5 L/yr - ₹5 L/yr 27% less
Hema Engineering Industries new Product Development Engineer Salary 2 - 5 years exp. (4 salaries)	₹2.3 L/yr - ₹4.1 L/yr 48% less
Gestamp new Product Development Engineer Salary 4 - 5 years exp. (3 salaries)	₹3.9 L/yr - ₹6.8 L/yr 27% less

new Product Development Engineer salary at Mungi Group ranges between ₹2.9 Lakhs to ₹6.5 Lakhs per year for employees with experience between 3 years to 8 years. Salary estimates are based on 8 latest salaries received from various employees of Mungi Group.

Experience wise Mungi Group new Product Development Engineer salaries

Last Updated: 31 Mar 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
4 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr
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5 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.6 L/yr
6 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
7 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.1 L/yr
8 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr

View all

Similar Designation salaries in Mungi Group

Product Development Engineer Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Development Engineer Salary

(13 salaries)

₹2.5 L/yr - ₹7.2 L/yr

Production Engineer Salary

(87 salaries)

₹1.8 L/yr - ₹6.3 L/yr

Senior Design Engineer Salary

(8 salaries)

₹3.4 L/yr - ₹7 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Senior Software Engineer Salary

(AmbitionBox Estimate)

₹10.8 L/yr - ₹13.8 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Production Manager Salary

(4 salaries)

₹10.5 L/yr - ₹12 L/yr

Design Engineer Salary

(16 salaries)

₹2 L/yr - ₹5.6 L/yr

Mechanical Engineer Salary

(10 salaries)

₹1.8 L/yr - ₹6.25 L/yr

Salary related reviews for Mungi Group

3.0

Rated by 2 employees for salary & benefits

Shift Engineer Production in Nashik

Contractual

Production, Manufacturing & Engineering Department

2.0

• posted on 06 Oct 2024

2.0

for Salary and Benefits

Likes

Colleagues are very nice. Nothing best than here.

Skill development - Excellent

Dislikes

Salary is terrific for everyone. Company's management is totally harassing to employees. Company is full of politics. Engineers are working on the contractual basis.

Salary - Poor

+4 more

Executive Maintenance Engineer

Maintenance Department

5.0

• posted on 10 Jun 2020

4.0

for Salary and Benefits

Likes

In lockdown Half salary provided to all employees, I think this was good support by company, But immediately after lockdown when company starts management reduced employees on large scale which I think most terrible experience for employees.

Salary - Good

+5 more

Dislikes

No Job security at all, but management gives two months salary while relieving you

Job security - Bad

Senior Cell Owner, Quality Assurance in Nashik

Finance & Accounting Department

4.0

• posted on 31 Oct 2020

4.0

for Salary and Benefits

Likes

... were supportive. Canteen facility , with fitness & health awareness training. Salary hike & appraisal are average.

Salary - Good

+3 more

Dislikes

Career opportunities.

ITI Fitter in Nashik

Other Department

5.0

• posted on 29 Sep 2018

5.0

for Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology. I love the fact that l am a part of a team that markets reliable, high-quality products and has a global client base. As a result. I get to travel abroad, especially to the US and Canada. But on site travel is completely dependent on your project and clients location. Mine is a US based client and they have some offices in Toronto, hence I got a B1 visa quickly. Another plus point is that my colleagues come from various cultural backgrounds, and we work happily in collaboration. I also like the employee re hire policy here

Salary - Excellent

+6 more

Dislikes

Compensation is decent, but growth is slowly.the work pressure is very high. Sometimes

Senior Purchase Officer in Nashik

Procurement & Supply Chain Department

4.0

• posted on 15 May 2018

3.0

for Salary and Benefits

Likes

The company is most progressive, There is a lots of scope to improve your self. Who have energetic & passion to work out of boundaries, they have a see to dive freely up the strength. The very large canvas available to prove your strength.

Skill development - Excellent

+1 more

Dislikes

You will get the smart package, but also gets lots of work pressure, and misarable personal life.

Job security - Bad

+2 more

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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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Mungi Group new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Mungi Group ?

The average salary of a new Product Development Engineer at Mungi Group in India typically ranges from ₹2.9 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 3 years to 8 years).

The top 10% of new Product Development Engineer at Mungi Group earn more than ₹6.4 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. new Product Development Engineer Salaries at Mungi Group 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 8 Mungi Group employees in India.

What is the estimated take home salary of a new Product Development Engineer at Mungi Group in India?

The estimated take-home salary of a new Product Development Engineer at Mungi Group in India typically ranges from ₹44,333 to ₹45,433 per month. This is based on the average salary range of ₹2.9 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 3 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 8 salaries received from various employees of Mungi Group. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mungi Group for new Product Development Engineer in India?

International Automotive Components

₹4.8 Lakhs to ₹9.2 Lakhs per year

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

What is the salary of a new Product Development Engineer in companies similar to Mungi Group in India?

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

Hical Technologies	₹2.0 Lakhs to ₹9.0 Lakhs per year
Surin Automotive	₹3.1 Lakhs to ₹5.5 Lakhs per year
India Japan Lighting	₹3.5 Lakhs to ₹5.0 Lakhs per year
Gestamp	₹3.9 Lakhs to ₹6.8 Lakhs per year
S. M. Auto Engineering	₹3.0 Lakhs to ₹4.5 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 Mungi Group in India?

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

Experience	Average Salary Range
3 years	₹4.7 Lakhs to ₹6.0 Lakhs per year
4 years	₹4.9 Lakhs to ₹6.3 Lakhs per year
5 years	₹5.1 Lakhs to ₹6.6 Lakhs per year
6 years	₹5.4 Lakhs to ₹6.9 Lakhs per year

and so on.

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Mungi Group new Product Development Engineer Salaries

Mungi Group new Product Development Engineer salary in India ranges between ₹2.9 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Mungi Group latest salaries received from various employees of Mungi Group.