Pennar Industries new Product Development Engineer Salaries by 5 Employees (Updated 2024)

4 - 7 years exp.

₹3.3 Lakhs - ₹3.7 Lakhs

Low Confidence

Salary of majority employees

13% less than the average new Product Development Engineer Salary in Engineering & Construction Companies for 4 - 7 years of experience

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Salaries in different departments

Research & Development new Product Development Engineer Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.6 L/yr
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Quality Assurance new Product Development Engineer Salary 7 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.1 L/yr

Last Updated: 10 Sep 2023

Companies similar to Pennar Industries for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Thermax Limited new Product Development Engineer Salary 0 - 5 years exp. (4 salaries)	₹6.3 L/yr - ₹10.6 L/yr 152% more
Ashok Leyland new Product Development Engineer Salary 1 - 5 years exp. (10 salaries)	₹2 L/yr - ₹4.2 L/yr 3% less
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Bharat Forge new Product Development Engineer Salary 3 - 8 years exp. (9 salaries)	₹3.9 L/yr - ₹5.6 L/yr 34% more
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (73 salaries)	₹2.7 L/yr - ₹5.7 L/yr 15% more
L.G.Balakrishnan & Bros new Product Development Engineer Salary 0 - 8 years exp. (44 salaries)	₹1.7 L/yr - ₹4.7 L/yr 6% less

new Product Development Engineer salary at Pennar Industries ranges between ₹3.3 Lakhs to ₹3.7 Lakhs per year for employees with experience between 4 years to 7 years. Salary estimates are based on 5 latest salaries received from various employees of Pennar Industries.

Experience wise Pennar Industries new Product Development Engineer salaries

Last Updated: 10 Sep 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹3.5 L/yr
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6 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹6.3 L/yr
7 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.7 L/yr

Similar Designation salaries in Pennar Industries

Development Engineer Salary

(AmbitionBox Estimate)

₹3.1 L/yr - ₹3.9 L/yr

Production Engineer Salary

(89 salaries)

₹1.6 L/yr - ₹5.7 L/yr

Senior Design Engineer Salary

(12 salaries)

₹3.7 L/yr - ₹7.55 L/yr

Project Engineer Salary

(5 salaries)

₹3.5 L/yr - ₹6 L/yr

Production Officer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4.1 L/yr

Assistant Engineer Salary

(4 salaries)

₹2.5 L/yr - ₹3 L/yr

Production Manager Salary

(5 salaries)

₹7.05 L/yr - ₹12 L/yr

Design Engineer Salary

(47 salaries)

₹3 L/yr - ₹6 L/yr

Mechanical Engineer Salary

(40 salaries)

₹1.65 L/yr - ₹4.2 L/yr

Software Engineer Salary

(AmbitionBox Estimate)

₹0.4 L/yr - ₹0.5 L/yr

Salary related reviews for Pennar Industries

Quality Engineer in Isnapur Sanga Reddy Tealngana

Production, Manufacturing & Engineering Department

3.0

• posted on 20 Jun 2020

4.0

for Salary and Benefits

Likes

.my teammates members are very supportive & create a good environment of work. But In this lockdown company is not paying to our full salary of months. Politics have also involved with your job promotion.

Dislikes

In this company learning thing very bad no any proper guidelines to trainee. Growth rate very low of your job perfermance.

Deputy Manager in Hyderabad / Secunderabad

Production, Manufacturing & Engineering Department

5.0

• posted on 08 Jul 2021

4.0

for Salary and Benefits

Likes

Good work environment and culture. The management is transparent and supportive, Company policies are good, There is a huge cafeteria and gamming arcade for chilling, appraisals are fair and they give good salary hike and bonus every year.

Dislikes

There is a lot of politics and the management does not address our issues. Salary is decent but career growth is slow. There is a bond of 3 years before which I can't resign. On the job training is not given to new joinees.

Tool Room Engineer in Chennai

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 30 Aug 2024

1.0

for Salary and Benefits

Likes

Flexible and safe work place. Respects individual ideas and explores every idea benefiting the organization.

Dislikes

This company give me a low salary. My career growth is no improvement in this company. My present salary is very low to maintain my family expenses.

Assistant Manager - Production in Hyderabad / Secunderabad

Full Time

Media Production & Entertainment Department

3.0

• posted on 18 May 2024

3.0

for Salary and Benefits

Likes

Work Life Balance

Dislikes

...ugh they don't bother about others. But there is no financial issues in company. For every 2-3 years you will get increments with different structures in salary.

Assistant Manager Finance in Mumbai

Full Time

Finance & Accounting Department

1.0

• posted on 12 Sep 2023

1.0

for Salary and Benefits

Likes

No pressure on time

Dislikes

No bonus No increment No promotion One person with good contact can have promotion every two years but another person receive promotion only after 10 years No proper support from HR Old and outdated laptops are used

see more salary related reviews

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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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Pennar Industries new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Pennar Industries?

new Product Development Engineer salary at Pennar Industries in India ranges between ₹3.3 Lakhs to ₹3.7 Lakhs for experience between 4 years to 7 years. According to our estimates it is 13% less than the average new Product Development Engineer Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Pennar Industries India.

How does the salary of a new Product Development Engineer at Pennar Industries India compare with the average salary range for this job?

The average salary of a new Product Development Engineer at Pennar Industries is 13% less than the average salary of a new Product Development Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Pennar Industries to a new Product Development Engineer in India?

Thermax Limited new Product Development Engineer Salary - ₹6.3 Lakhs to ₹10.6 Lakhs per year
Bharat Forge new Product Development Engineer Salary - ₹3.9 Lakhs to ₹5.6 Lakhs per year
INDO-MIM new Product Development Engineer Salary - ₹2.7 Lakhs to ₹5.7 Lakhs per year

What is the salary of a new Product Development Engineer in companies similar to Pennar Industries in India?

Ashok Leyland new Product Development Engineer Salary - ₹2.0 Lakhs to ₹4.2 Lakhs per year
L.G.Balakrishnan & Bros new Product Development Engineer Salary - ₹1.7 Lakhs to ₹4.7 Lakhs per year

What is the estimated take home salary of a new Product Development Engineer at Pennar Industries in India?

The estimated take-home salary of a new Product Development Engineer at Pennar Industries ranges between ₹25,066 per month to ₹26,503 per month in India. The take-home salary calculation is based on the average Pennar Industries new Product Development Engineer salary in India which ranges between ₹3.3 Lakhs to ₹3.7 Lakhs per year for employees with experience between 4 years to 7 years. Check how did we calculate take home salary?

What is the notice period for new Product Development Engineer at Pennar Industries?

According to AmbitionBox, 75% of the Pennar Industries new Product Development Engineers reported a notice period of 15 days or less, 25% reported a notice period of 1 Month.This is based on 4 responses on AmbitionBox in last 2 years.

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Pennar Industries new Product Development Engineer Salaries

Pennar Industries new Product Development Engineer salary in India ranges between ₹3.3 Lakhs to ₹3.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Pennar Industries latest salaries received from various employees of Pennar Industries.