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Nichrome new Product Development Engineer salaries in India

Annual salary range
3 - 6 years exp.
₹3.5 Lakhs - ₹4.4 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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6% less than the average new Product Development Engineer Salary for 3 - 6 years of experience

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Salaries in different departments

Research & Development
new Product Development Engineer Salary
4 - 6 years exp. (3 salaries)
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₹3.5 L/yr - ₹4.2 L/yr

Procurement & Supply Chain
new Product Development Engineer Salary
3 - 4 years exp. (AmbitionBox Estimate)
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₹3.5 L/yr - ₹4.2 L/yr

Last Updated: 22 Aug 2024

Companies similar to Nichrome for new Product Development Engineer

Company name Avg Annual Salary Open Jobs
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₹2.4 L/yr - ₹4.2 L/yr

arrow icon 3% less
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₹2.6 L/yr - ₹4.5 L/yr

arrow icon 11% less
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₹1.7 L/yr - ₹3.8 L/yr

arrow icon 36% less
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₹3.4 L/yr - ₹5.9 L/yr

arrow icon 17% more
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₹2.7 L/yr - ₹5.5 L/yr

arrow icon 5% more
new Product Development Engineer salary at Nichrome ranges between ₹3.5 Lakhs to ₹4.4 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 5 latest salaries received from various employees of Nichrome.

Latest annual salaries shared by Nichrome new Product Development Engineer

5mo ago
₹3.9 Lakhs
6 years exp.
7mo ago
₹3.9 Lakhs
5 years exp.
1y ago
₹3.9 Lakhs
4 years exp.
1y ago
₹3.9 Lakhs
4 years exp.
1y ago
₹3.9 Lakhs
3 years exp.

Experience wise Nichrome new Product Development Engineer salaries

Last Updated: 22 Aug 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹4.4 L/yr
4 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹4.4 L/yr
5 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹4.4 L/yr
6 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹4.4 L/yr

Similar Designation salaries in Nichrome

Production Engineer Salary
(AmbitionBox Estimate)
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₹0.2 L/yr - ₹0.2 L/yr
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₹5.8 L/yr - ₹7 L/yr
Production Manager Salary
(AmbitionBox Estimate)
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₹5.9 L/yr - ₹7.5 L/yr
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₹2.5 L/yr - ₹6.7 L/yr
Senior Engineer Salary
(AmbitionBox Estimate)
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₹4.2 L/yr - ₹5.4 L/yr
Quality Engineer Salary
(AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.8 L/yr
Deputy Manager Salary
(4 salaries)
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₹4.5 L/yr - ₹8.1 L/yr

Salary related reviews for Nichrome

Full Time

 · 

Research & Development Department

3.0
  •  posted on 24 Nov 2024

2.0
 for  Salary and Benefits

Likes

1) Company owners are good. 2) 5 days working, indirectly support work life balance.

  • Job security - Good

Dislikes

1) Company lacks innovative & progressive approach in machine. Further reluctant to adapt new technologies & taking challenges. 2) Young employee force are not sustainable for long tenure due to extreme internal politics. 3) Since last 5 years best cream of employees have left company, now left with remaining almost 70% of employees are working with company for min. 15 years plus which are not overall best efficient.

read more
  • Salary - Poor
  • +4 more

Sales & Business Development Department

1.0
  •  posted on 16 Oct 2022

1.0
 for  Salary and Benefits

Likes

Nothing

Dislikes

Worst experience I ever had in my 8years of career.. unhygenic environment. Lack of upgradation using very old system. They beliver in reference employee over talented people like dad can recommend his son for any department of there is vacancy in the company or uncle can give refrence of his nephew etc etc. They look for peoples who does donkey work 😂😂😂

read more
  • Salary - Bad
  • +6 more

Procurement & Supply Chain Department

5.0
  •  posted on 09 Apr 2021

5.0
 for  Salary and Benefits

Likes

If you works sincerely then you should not worry about your job, because management also looks like you people and encourages you. As

read more
  • Salary - Excellent
  • +6 more

Dislikes

As usual some peoples takes a credit of a work which they never did

Quality Assurance Department

5.0
  •  posted on 04 Sep 2017

4.0
 for  Salary and Benefits

Likes

Great company to work. Excellent working atmosphere. Good opportunities for show casing your Talent.

  • Salary - Good
  • +6 more

Dislikes

Needs improvement in Consultant dictatorship behaviour, which needs to be tamed down by the Top management.

see more salary related reviews

Nichrome new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Nichrome ?
The average salary of a new Product Development Engineer at Nichrome in India typically ranges from ₹3.5 Lakhs to ₹4.4 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of new Product Development Engineer at Nichrome earn more than ₹3.9 Lakhs per year, and the top 1% earn over ₹3.9 Lakhs per year. new Product Development Engineer Salaries at Nichrome 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 Nichrome employees in India.
What is the estimated take home salary of a new Product Development Engineer at Nichrome in India?
The estimated take-home salary of a new Product Development Engineer at Nichrome in India typically ranges from ₹28,326 to ₹29,715 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹4.4 Lakhs per year for employees with experience ranging from 3 years to 6 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 Nichrome. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Nichrome for new Product Development Engineer in India?
Seoyon E-hwa Automotive ₹3.4 Lakhs to ₹5.9 Lakhs per year
INDO-MIM ₹2.7 Lakhs to ₹5.5 Lakhs per year

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

JSG Group ₹2.4 Lakhs to ₹4.2 Lakhs per year
Enco Engineers Combine ₹2.6 Lakhs to ₹4.5 Lakhs per year
Essae Digitronics ₹1.7 Lakhs to ₹3.8 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 Nichrome in India?
The salary growth for a new Product Development Engineer at Nichrome depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer can expect the following growth trajectory at Nichrome:

Experience Average Salary Range
3 years ₹3.5 Lakhs to ₹4.4 Lakhs per year
4 years ₹3.5 Lakhs to ₹4.4 Lakhs per year
5 years ₹3.5 Lakhs to ₹4.4 Lakhs per year
6 years ₹3.5 Lakhs to ₹4.4 Lakhs per year
and so on.

Tell us how to improve this page.

Nichrome new Product Development Engineer salary in India ranges between ₹3.5 Lakhs to ₹4.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Nichrome latest salaries received from various employees of Nichrome.