Newcast Die Casting new Product Development Engineer Salaries by 3 Employees (Updated 2025)

0 - 3 years exp.

₹2.7 Lakhs - ₹3.4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

27% less than the average new Product Development Engineer Salary for 0 - 3 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering new Product Development Engineer Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
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Quality Assurance new Product Development Engineer Salary Fresher (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 20 Feb 2025

Companies similar to Newcast Die Casting for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Amphenol Interconnect new Product Development Engineer Salary 1 - 5 years exp. (7 salaries)	₹3 L/yr - ₹9.6 L/yr 79% more
ZF Steering Gear new Product Development Engineer Salary 1 - 10 years exp. (5 salaries)	₹2.1 L/yr - ₹8.6 L/yr 62% more
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Dhoot Transmission new Product Development Engineer Salary 0 - 2 years exp. (4 salaries)	₹1.4 L/yr - ₹2.6 L/yr 26% less
ANY Graphics new Product Development Engineer Salary 2 - 4 years exp. (3 salaries)	₹3.4 L/yr - ₹4.2 L/yr 30% more
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (69 salaries)	₹2.7 L/yr - ₹5.5 L/yr 36% more

new Product Development Engineer salary at Newcast Die Casting ranges between ₹2.7 Lakhs to ₹3.4 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 3 latest salaries received from various employees of Newcast Die Casting.

Experience wise Newcast Die Casting new Product Development Engineer salaries

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
2 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
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3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr

Similar Designation salaries in Newcast Die Casting

Production Engineer Salary

(4 salaries)

₹3 L/yr - ₹4.8 L/yr

Senior Design Engineer Salary

(4 salaries)

₹5 L/yr - ₹8.76 L/yr

Production Manager Salary

(AmbitionBox Estimate)

₹5.1 L/yr - ₹6.6 L/yr

Design Engineer Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Senior Engineer Salary

(5 salaries)

₹4.8 L/yr - ₹5 L/yr

Production Supervisor Salary

(AmbitionBox Estimate)

₹6.8 L/yr - ₹8.6 L/yr

Quality Engineer Salary

(7 salaries)

₹3.1 L/yr - ₹3.6 L/yr

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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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Newcast Die Casting new Product Development Engineer Salary FAQs

How the salary growth look like for a new Product Development Engineer at Newcast Die Casting in India?

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

Experience	Average Salary Range
Fresher	₹2.7 Lakhs to ₹3.4 Lakhs per year
2 years	₹2.7 Lakhs to ₹3.4 Lakhs per year
3 years	₹2.7 Lakhs to ₹3.4 Lakhs per year

and so on.

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Newcast Die Casting new Product Development Engineer Salaries

Newcast Die Casting new Product Development Engineer salary in India ranges between ₹2.7 Lakhs to ₹3.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Newcast Die Casting latest salaries received from various employees of Newcast Die Casting.