Panchal Engineers India new Product Development Engineer Salaries by 3 Employees (Updated 2025)

0 - 3 years exp.

₹2.4 Lakhs - ₹3.1 Lakhs

Low Confidence

Salary of majority employees

31% less than the average new Product Development Engineer Salary for 0 - 3 years of experience

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Last Updated: 15 Mar 2023

Companies similar to Panchal Engineers India for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
L&T Technology Services new Product Development Engineer Salary 3 - 12 years exp. (4 salaries)	₹4.7 L/yr - ₹8 L/yr 108% more
Thermax Limited new Product Development Engineer Salary 0 - 5 years exp. (4 salaries)	₹6.3 L/yr - ₹11.1 L/yr 220% more
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TCS new Product Development Engineer Salary 0 - 8 years exp. (11 salaries)	₹3.4 L/yr - ₹7.6 L/yr 85% more
Mahindra & Mahindra new Product Development Engineer Salary 0 - 12 years exp. (8 salaries)	₹4.2 L/yr - ₹7.4 L/yr 102% more
Godrej & Boyce Manufacturing new Product Development Engineer Salary 1 - 6 years exp. (4 salaries)	₹2 L/yr - ₹9 L/yr 88% more

new Product Development Engineer salary at Panchal Engineers India ranges between ₹2.4 Lakhs to ₹3.1 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 Panchal Engineers India.

Experience wise Panchal Engineers India new Product Development Engineer salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
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3 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr

Similar Designation salaries in Panchal Engineers India

Junior Engineer Salary

(3 salaries)

₹2.5 L/yr - ₹3.8 L/yr

Salary related reviews for Panchal Engineers India

Assistant Engineer in Nashik

Full Time

Design Engineering Department

1.0

• posted on 30 Nov 2022

1.0

for Salary and Benefits

Likes

Not a single like about the company.

Dislikes

No job security, the boss is always right police. Boss is always shouting with his employee without any reason and also abuse sentence used. No outgoing time, you should stay upto the midnight and do the work. Hr policies change according boss. No fare appraisal taken.

Salary - Bad

+6 more

Assistant Methods Officer in Nashik

Procurement & Supply Chain Department

4.0

• posted on 04 Apr 2018

3.0

for Salary and Benefits

Likes

Excellent exposure to MNCs. Wide variety of machines. HMCs, VMCs, CNCs, VTLs, Honning, grinding, Whirling, Gear Shaper, hobbing, Broaching, pressure testing. Products - gears , gearboxes, casting & forging machining, Sub-assemblies.

Skill development - Excellent

+5 more

Dislikes

Work environment - 3 out of 5 stars. Work load - too much of it.

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Panchal Engineers India new Product Development Engineer Salaries

Panchal Engineers India new Product Development Engineer salary in India ranges between ₹2.4 Lakhs to ₹3.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Panchal Engineers India latest salaries received from various employees of Panchal Engineers India.

Panchal Engineers India new Product Development Engineer salaries in India