Pricol Design and New Product Development Engineer Salaries by 4 Employees

1 - 7 years exp.

₹1.6 Lakh - ₹6.3 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

6% less than the average Design and New Product Development Engineer Salary in Auto Components Companies for 1 - 7 years of experience

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Last Updated: 12 Mar 2023

Companies similar to Pricol for Design and New Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Kewaunee Scientific Corporation Design and New Product Development Engineer Salary 4 - 7 years exp. (4 salaries)	₹3.8 L/yr - ₹5.1 L/yr 16% more
Sri Balaji Assemblies Plastics Design and New Product Development Engineer Salary 3 - 6 years exp. (4 salaries)	₹1.8 L/yr - ₹6 L/yr 8% more
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Leo Precision Products Design and New Product Development Engineer Salary 5 - 8 years exp. (4 salaries)	₹3.5 L/yr - ₹5.5 L/yr 20% more
Samvardhana Motherson Group Design and New Product Development Engineer Salary 3 - 4 years exp. (4 salaries)	₹2.5 L/yr - ₹3.8 L/yr 26% less
MK TRON Autoparts Design and New Product Development Engineer Salary 1 - 4 years exp. (4 salaries)	₹2.4 L/yr - ₹3.6 L/yr 24% less

Design and New Product Development Engineer salary at Pricol ranges between ₹1.6 Lakh to ₹6.3 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 4 latest salaries received from various employees of Pricol.

Experience wise Pricol Design and New Product Development Engineer salaries

Last Updated: 12 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.8 L/yr
4 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
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6 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
7 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr

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Salary related reviews for Pricol

Deputy Manager in Sri City

Full Time

Production, Manufacturing & Engineering Department

2.0

• posted on 25 Oct 2024

4.0

for Salary and Benefits

Likes

Salary is reasonable.

Salary - Good

Dislikes

No job security and no work life balance in the satelite plants. Leadership is terrible in the satellite plants and no top management is not bother about the satellite plants employees life at the plants. Satellite plants are running with staff shortage and available staffs are handling multiple functions.

Skill development - Poor

+2 more

Junior Engineer in Manesar

Full Time

Quality Assurance Department

3.0

• posted on 10 Nov 2021

1.0

for Salary and Benefits

Likes

Company HR Department bahut bekaar hai apke paise ya bonus rakh leta hai.koi support nhi krta.na hi jab aap company left kroge to apko bhut preshan krenge.f&f nhi denge

Skill development - Good

Dislikes

Company HR depart ment is very bad response. No any responsible person.take responsibility.

Salary - Bad

+3 more

Design Engineer in Coimbatore

Research & Development Department

4.0

• posted on 13 Jun 2020

3.0

for Salary and Benefits

Likes

...ects of a project. As for support during COVID 19 lockdown, I would say it's OK. The salary was cut short, but something is better than nothing I suppose.

Skill development - Excellent

+1 more

Dislikes

It will drive you mad at times. Often it's a battle between the quality of the work & the quantity of work. The latter may earn immediate commendation, but repercussions will follow inevitably. If there is one person to raise you up, there will be five others to bring you down. So stay low, but not too low & aim high enough such that the fall (if it occurs) won't break you down completely.

Job security - Poor

+1 more

Junior Engineer in Coimbatore

Manufacturing engineering Department

5.0

• posted on 05 May 2018

4.0

for Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology. I love the fact that I am a part of a team that markets reliable,high quality products and has a global client base.

Salary - Good

+6 more

Dislikes

Compensation is decent, but growth is slow. Sometimes the work pressure is high.sometimes I have to work 10-12 hours straight in a day as I have to attend customer requires in the evening and sometimes late into the night.

Senior Engineer in Coimbatore

Research & Development Department

1.0

• posted on 30 Mar 2018

1.0

for Salary and Benefits

Likes

More learning..all in-house facility to learn product and process Junior level learning are better to get more skills

Dislikes

...d the HR -VP on 2009. Management is money minded not for thier people welfare Worst salary structure. They're having variable salary structure and not given full salary. Worst HR department. Those who opt for knowledge skills without expecting salary . Pricol ok Middle and upper level experience people, please don't join this company

Salary - Bad

+3 more

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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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Pricol Design and New Product Development Engineer Salary FAQs

What is the salary of Design and New Product Development Engineer at Pricol ?

The average salary of a Design and New Product Development Engineer at Pricol in India typically ranges from ₹1.6 Lakhs to ₹6.3 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Design and New Product Development Engineer at Pricol earn more than ₹6.3 Lakhs per year, and the top 1% earn over ₹6.3 Lakhs per year. Design and New Product Development Engineer Salaries at Pricol 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 4 Pricol employees in India.

What is the estimated take home salary of a Design and New Product Development Engineer at Pricol in India?

The estimated take-home salary of a Design and New Product Development Engineer at Pricol in India typically ranges from ₹29,230 to ₹30,605 per month. This is based on the average salary range of ₹1.6 Lakhs to ₹6.3 Lakhs per year for employees with experience ranging from 1 year to 7 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 4 salaries received from various employees of Pricol. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Pricol for Design and New Product Development Engineer in India?

Leo Precision Products	₹3.5 Lakhs to ₹5.5 Lakhs per year
Kewaunee Scientific Corporation	₹3.8 Lakhs to ₹5.1 Lakhs per year
Sri Balaji Assemblies Plastics	₹1.8 Lakhs to ₹6.0 Lakhs per year

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

What is the salary of a Design and New Product Development Engineer in companies similar to Pricol in India?

The salary of a Design and New Product Development Engineer at companies similar to Pricol in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

MK TRON Autoparts	₹2.4 Lakhs to ₹3.6 Lakhs per year
Samvardhana Motherson Group	₹2.5 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 Design and New Product Development Engineer at Pricol in India?

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

Experience	Average Salary Range
1 year	₹1.4 Lakhs to ₹1.8 Lakhs per year
4 years	₹5.6 Lakhs to ₹7.2 Lakhs per year
6 years	₹3.6 Lakhs to ₹4.6 Lakhs per year
7 years	₹3.6 Lakhs to ₹4.6 Lakhs per year

and so on.

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Pricol Design and New Product Development Engineer Salaries

Pricol Design and New Product Development Engineer salary in India ranges between ₹1.6 Lakh to ₹6.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Pricol latest salaries received from various employees of Pricol.

Pricol Design and New Product Development Engineer salaries in India

Companies similar to Pricol for Design and New Product Development Engineer

Latest annual salaries shared by Pricol Design and New Product Development Engineer

Experience wise Pricol Design and New Product Development Engineer salaries

Similar Designation salaries in Pricol

Salary related reviews for Pricol

Deputy Manager in Sri City

Junior Engineer in Manesar

Design Engineer in Coimbatore

Junior Engineer in Coimbatore

Senior Engineer in Coimbatore

Pricol Design and New Product Development Engineer Salary FAQs

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