Nexteer Automotive Product Engineer Salaries by 7 Employees

1 - 9 years exp.

₹4 Lakhs - ₹7.6 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

32% less than the average Product Engineer Salary in Auto Components Companies for 1 - 9 years of experience

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Salaries in different departments

Engineering - Software & QA Product Engineer Salary 1 - 4 years exp. (3 salaries)	₹4.3 L/yr - ₹6.5 L/yr
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Research & Development Product Engineer Salary 5 - 9 years exp. (3 salaries)	₹4.5 L/yr - ₹7.6 L/yr

Last Updated: 16 Mar 2023

Companies similar to Nexteer Automotive for Product Engineer

Company name	Avg Annual Salary	Open Jobs
Adient Product Engineer Salary 8 - 14 years exp. (184 salaries)	₹7.4 L/yr - ₹17 L/yr 143% more
American Axle & Manufacturing Product Engineer Salary 6 - 13 years exp. (14 salaries)	₹8.9 L/yr - ₹28 L/yr 218% more
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Magna International Product Engineer Salary 0 - 7 years exp. (9 salaries)	₹3.6 L/yr - ₹12 L/yr 42% more
Hitachi Astemo Product Engineer Salary 2 - 7 years exp. (5 salaries)	₹4.2 L/yr - ₹7.5 L/yr 3% less
Faurecia Product Engineer Salary 10 - 12 years exp. (5 salaries)	₹8 L/yr - ₹9.4 L/yr 52% more	2 job openings
Tenneco Product Engineer Salary 3 - 8 years exp. (4 salaries)	₹2.2 L/yr - ₹6.2 L/yr 21% less
Valeo Product Engineer Salary 3 - 12 years exp. (4 salaries)	₹5.1 L/yr - ₹12 L/yr 44% more
Gestamp Product Engineer Salary 2 - 4 years exp. (3 salaries)	₹3.5 L/yr - ₹4 L/yr 35% less
ANTOLIN Product Engineer Salary 1 - 6 years exp. (3 salaries)	₹4.7 L/yr - ₹7.1 L/yr 6% more
Michelin Product Engineer Salary 0 - 4 years exp. (3 salaries)	₹4.3 L/yr - ₹8 L/yr 17% more
Bosch Product Engineer Salary 5 - 6 years exp. (3 salaries)	₹4.2 L/yr - ₹7.2 L/yr 14% more
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Product Engineer salary at Nexteer Automotive ranges between ₹4 Lakhs to ₹7.6 Lakhs per year for employees with experience between 1 year to 9 years. Salary estimates are based on 7 latest salaries received from various employees of Nexteer Automotive.

Experience wise Nexteer Automotive Product Engineer salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
1 year (3 salaries)	₹4 L/yr - ₹4.6 L/yr
2 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
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3 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
4 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
5 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
6 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
7 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.1 L/yr
8 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.5 L/yr
9 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr

View all

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Software Engineer Salary

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Lead Software Engineer Salary

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₹19 L/yr - ₹23 L/yr

Senior Software Engineer Salary

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₹6.25 L/yr - ₹24.6 L/yr

Team Lead Salary

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₹1.8 L/yr - ₹5.3 L/yr

Technical Lead Salary

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₹17 L/yr - ₹36 L/yr

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Salary related reviews for Nexteer Automotive

3.9

Rated by 2 employees for salary & benefits

Supervisor And Team Lead in Bangalore / Bengaluru

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 06 Jul 2023

3.0

for Salary and Benefits

Likes

In this company leader are very good and we learn many thinks in this company I have learned many things they will give many opportunities we have to utilize then only we can achive.

Skill development - Excellent

+4 more

Dislikes

Salary increments need to improve

DET in Bangalore / Bengaluru

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 05 Feb 2021

5.0

for Salary and Benefits

Likes

...ronment and culture. teammates are supportive and the management is transparent. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the 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 joinees.

Assistant Manager in Chennai

Full Time

Research & Development Department

5.0

• posted on 27 Sep 2019

5.0

for Salary and Benefits

Likes

The company culture is vibrant. In Chennai, we are currently in the phase of acquiring new customers. The Product is excellent, market is huge and as an individual I can learn a lot about EPS

Salary - Excellent

+6 more

Dislikes

Compensation is as per Market standards. Team is awesome and helpful.

CNC Operator in Chengalpattu

Research & Development Department

5.0

• posted on 08 Jan 2022

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good,appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

Maintenance Engineer in Bangalore / Bengaluru

Production, Manufacturing & Engineering Department

4.0

• posted on 21 Feb 2018

5.0

for Salary and Benefits

Likes

Good on job training with effective people, good salary increment on yearly basis. Work life will get balanced. Good canteen and pantry facility available.

Salary - Excellent

+5 more

Dislikes

There is no job security here. People will be working on little politics. No opportunity to go overseas through here if we are under trainee or engineer.

Job security - Poor

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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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Nexteer Automotive Product Engineer Salary FAQs

What is the salary of Product Engineer at Nexteer Automotive ?

The average salary of a Product Engineer at Nexteer Automotive in India typically ranges from ₹4.0 Lakhs to ₹7.6 Lakhs per year, depending on experience (from 1 year to 9 years).

The top 10% of Product Engineer at Nexteer Automotive earn more than ₹7.6 Lakhs per year, and the top 1% earn over ₹7.6 Lakhs per year. Product Engineer Salaries at Nexteer Automotive 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 7 Nexteer Automotive employees in India.

What is the estimated take home salary of a Product Engineer at Nexteer Automotive in India?

The estimated take-home salary of a Product Engineer at Nexteer Automotive in India typically ranges from ₹42,973 to ₹44,094 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹7.6 Lakhs per year for employees with experience ranging from 1 year to 9 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 7 salaries received from various employees of Nexteer Automotive. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Nexteer Automotive for Product Engineer in India?

American Axle & Manufacturing	₹8.9 Lakhs to ₹28.0 Lakhs per year
Adient	₹7.4 Lakhs to ₹17.0 Lakhs per year
Faurecia	₹8.0 Lakhs to ₹9.4 Lakhs per year
Valeo	₹5.1 Lakhs to ₹12.0 Lakhs per year
Magna International	₹3.6 Lakhs to ₹12.0 Lakhs per year

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

What is the salary of a Product Engineer in companies similar to Nexteer Automotive in India?

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

Michelin	₹4.3 Lakhs to ₹8.0 Lakhs per year
Bosch	₹4.2 Lakhs to ₹7.2 Lakhs per year
ANTOLIN	₹4.7 Lakhs to ₹7.1 Lakhs per year
Hitachi Astemo	₹4.2 Lakhs to ₹7.5 Lakhs per year
Tenneco	₹2.2 Lakhs to ₹6.2 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 Product Engineer at Nexteer Automotive in India?

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

Experience	Average Salary Range
1 year	₹4.0 Lakhs to ₹4.6 Lakhs per year
2 years	₹4.4 Lakhs to ₹5.6 Lakhs per year
3 years	₹4.6 Lakhs to ₹5.9 Lakhs per year
4 years	₹4.9 Lakhs to ₹6.2 Lakhs per year

and so on.

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Nexteer Automotive Product Engineer Salaries

Nexteer Automotive Product Engineer salary in India ranges between ₹4 Lakhs to ₹7.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Nexteer Automotive latest salaries received from various employees of Nexteer Automotive.