Panchal Engineers India new Product Development Engineer Salaries by 3 Employees

0 - 3 years exp.

₹2.4 Lakhs - ₹3.1 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

33% 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
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (69 salaries)	₹2.7 L/yr - ₹5.5 L/yr 46% more
L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 21% more
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JBM Group new Product Development Engineer Salary 0 - 8 years exp. (34 salaries)	₹1.8 L/yr - ₹5.7 L/yr 36% more
Wadhokar new Product Development Engineer Salary 0 - 4 years exp. (28 salaries)	₹1.5 L/yr - ₹4 L/yr 9% less
Nash Industries new Product Development Engineer Salary 1 - 6 years exp. (27 salaries)	₹1.8 L/yr - ₹6 L/yr 73% 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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Top trending discussions

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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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Panchal Engineers India new Product Development Engineer Salary FAQs

How the salary growth look like for a new Product Development Engineer at Panchal Engineers India in India?

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

Experience	Average Salary Range
Fresher	₹2.2 Lakhs to ₹2.8 Lakhs per year
2 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
3 years	₹2.8 Lakhs to ₹3.6 Lakhs per year

and so on.

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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