Precision Engineering Works Pune new Product Development Engineer Salaries by 6 Employees

2 - 5 years exp.

₹1.9 Lakh - ₹3.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

29% less than the average new Product Development Engineer Salary in Industrial Machinery Companies for 2 - 5 years of experience

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Last Updated: 14 Mar 2023

Companies similar to Precision Engineering Works for new Product Development Engineer in Pune

Precision Engineering Works new Product Development Engineer Salary

2 - 5 years exp. (6 salaries)

₹1.9 L/yr - ₹3.6 L/yr

Company name	Avg Annual Salary	Open Jobs
Super Auto India new Product Development Engineer Salary 2 - 5 years exp. (4 salaries)	₹2 L/yr - ₹4.2 L/yr 7% more
Wadhokar new Product Development Engineer Salary 0 - 4 years exp. (23 salaries)	₹1.5 L/yr - ₹3.6 L/yr 20% less
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Tata Motors new Product Development Engineer Salary 1 - 4 years exp. (11 salaries)	₹3 L/yr - ₹5.2 L/yr 17% more
Belrise Industries new Product Development Engineer Salary 1 - 8 years exp. (11 salaries)	₹2.2 L/yr - ₹5.4 L/yr 26% more
Varroc Group new Product Development Engineer Salary 1 - 9 years exp. (11 salaries)	₹2.4 L/yr - ₹6 L/yr 27% more

new Product Development Engineer salary at Precision Engineering Works ranges between ₹1.9 Lakh to ₹3.6 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 6 latest salaries received from various employees of Precision Engineering Works.

Experience wise Precision Engineering Works new Product Development Engineer salaries in Pune

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
3 years (3 salaries)	₹2.3 L/yr - ₹3.6 L/yr
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4 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr

Similar Designation salaries in Precision Engineering Works

Quality Engineer Salary

(19 salaries)

₹1.3 L/yr - ₹3.5 L/yr

NPD Engineer Salary

(4 salaries)

₹3.6 L/yr - ₹5.5 L/yr

Development Engineer Salary

(3 salaries)

₹3 L/yr - ₹8 L/yr

Salary related reviews for Precision Engineering Works

5.0

Rated by 1 employees for salary & benefits

Design Engineer in Pune

Full Time

UX, Design & Architecture Department

5.0

• posted on 01 Dec 2021

5.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are transparent. Company policy are good, appraisals are fair and they give good salary hike and bonus every year

Salary - Excellent

+6 more

Dislikes

There is a lot of politics. Career growth is slow. There is a bond of 2 year before which you can not resign.

Quality Engineer

Quality Assurance Department

4.0

• posted on 01 Oct 2018

1.0

for Salary and Benefits

Likes

It was a nice experience working in a small scale industry.I have learned lot of basic mechanical components ideas,also I innovated one process to reduce rework process

Skill development - Good

+1 more

Dislikes

Compensation is somewhat OK but career growth is very slow.The work pressure is high,sometimes I have to work late night but no over time salary

Salary - Bad

+1 more

see more salary related reviews

Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Precision Engineering Works new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Precision Engineering Works in Pune?

The average salary of a new Product Development Engineer at Precision Engineering Works in Pune typically ranges from ₹1.9 Lakhs to ₹3.6 Lakhs per year, depending on experience (from 2 years to 5 years).

The top 10% of new Product Development Engineer in Pune at Precision Engineering Works earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹3.6 Lakhs per year. new Product Development Engineer Salaries at Precision Engineering Works 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 6 Precision Engineering Works employees in India.

What is the estimated take home salary of a new Product Development Engineer at Precision Engineering Works in Pune?

The estimated take-home salary of a new Product Development Engineer at Precision Engineering Works in Pune typically ranges from ₹21,792 to ₹23,279 per month. This is based on the average salary range of ₹1.9 Lakhs to ₹3.6 Lakhs per year for employees with experience ranging from 2 years to 5 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 6 salaries received from various employees of Precision Engineering Works. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Precision Engineering Works for new Product Development Engineer in India?

Varroc Group	₹2.4 Lakhs to ₹6.0 Lakhs per year
Belrise Industries	₹2.2 Lakhs to ₹5.4 Lakhs per year
Tata Motors	₹3.0 Lakhs to ₹5.2 Lakhs per year
Super Auto India	₹2.0 Lakhs to ₹4.2 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Precision Engineering Works, depending on the role and experience level.

What is the salary of a new Product Development Engineer in companies similar to Precision Engineering Works in Pune?

The salary of a new Product Development Engineer at companies similar to Precision Engineering Works in Pune varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Wadhokar

₹1.5 Lakhs to ₹3.6 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 Precision Engineering Works in Pune?

The salary growth for a new Product Development Engineer at Precision Engineering Works in Pune depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer in Pune can expect the following growth trajectory at Precision Engineering Works:

Experience	Average Salary Range
2 years	₹2.4 Lakhs to ₹3.1 Lakhs per year
3 years	₹2.3 Lakhs to ₹3.6 Lakhs per year
4 years	₹2.8 Lakhs to ₹3.6 Lakhs per year
5 years	₹3.0 Lakhs to ₹3.9 Lakhs per year

and so on.

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Precision Engineering Works new Product Development Engineer Salaries in Pune

Precision Engineering Works new Product Development Engineer salary in Pune ranges between ₹1.9 Lakh to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Precision Engineering Works latest salaries received from various employees of Precision Engineering Works.