Nice Neotech Chennai Design and Product Development Engineer Salaries by 3 Employees (Updated 2024)

3 - 5 years exp.

₹2.2 Lakhs - ₹3.6 Lakhs

Low Confidence

Salary of majority employees

45% less than the average Design and Product Development Engineer Salary for 3 - 5 years of experience

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Salaries in different departments

Research & Development Design and Product Development Engineer Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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Quality Assurance Design and Product Development Engineer Salary 3 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.4 L/yr

Last Updated: 16 Mar 2023

Companies similar to Nice Neotech for Design and Product Development Engineer in Chennai

Nice Neotech Design and Product Development Engineer Salary

3 - 5 years exp. (3 salaries)

₹2.2 L/yr - ₹3.6 L/yr

Company name	Avg Annual Salary	Open Jobs
Renault Nissan Technology & Business Centre India Design and Product Development Engineer Salary 3 - 8 years exp. (11 salaries)	₹5 L/yr - ₹8.9 L/yr 104% more
MRF Tyres Design and Product Development Engineer Salary 1 - 3 years exp. (8 salaries)	₹5 L/yr - ₹7.8 L/yr 96% more
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Lucas-TVS Design and Product Development Engineer Salary 3 - 11 years exp. (8 salaries)	₹4.9 L/yr - ₹8 L/yr 80% more
Tube Investments of India Design and Product Development Engineer Salary 1 - 7 years exp. (5 salaries)	₹1.5 L/yr - ₹7.2 L/yr 43% more
Ashok Leyland Design and Product Development Engineer Salary 1 - 3 years exp. (5 salaries)	₹1.7 L/yr - ₹4.9 L/yr 22% more

Design and Product Development Engineer salary at Nice Neotech ranges between ₹2.2 Lakhs to ₹3.6 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 3 latest salaries received from various employees of Nice Neotech.

Experience wise Nice Neotech Design and Product Development Engineer salaries in Chennai

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr
4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
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5 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr

Similar Designation salaries in Nice Neotech

Production Engineer Salary

(15 salaries)

₹1.35 L/yr - ₹3.5 L/yr

Design Engineer Salary

(10 salaries)

₹1.44 L/yr - ₹3.2 L/yr

Quality Engineer Salary

(5 salaries)

₹1.8 L/yr - ₹2.8 L/yr

Production Supervisor Salary

(4 salaries)

₹2.5 L/yr - ₹4.2 L/yr

Senior Design Engineer Salary

(4 salaries)

₹2.7 L/yr - ₹4.8 L/yr

Junior Engineer Salary

(3 salaries)

₹2.5 L/yr - ₹3.8 L/yr

Salary related reviews for Nice Neotech

Quaity Control Engineer in Krishna Industrial Estate, Porur Chennai- 600095

Full Time

Research & Development Department

1.0

• posted on 14 Sep 2022

2.0

for Salary and Benefits

Likes

Worst ever experience in this company as a employee, specifically the quality manager senthil kumar and HR Niger the management did not support for new join employees and management does not look on it

Dislikes

Worst company I have worked

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Nice Neotech Design and Product Development Engineer Salaries in Chennai

Nice Neotech Design and Product Development Engineer salary in Chennai ranges between ₹2.2 Lakhs to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Nice Neotech latest salaries received from various employees of Nice Neotech.

Nice Neotech Design and Product Development Engineer salaries in Chennai