Rane (Madras) new Product Development Engineer Salaries by 4 Employees

2 - 5 years exp.

₹2.1 Lakhs - ₹6.6 Lakhs

Low Confidence

Salary of majority employees

10% more than the average new Product Development Engineer Salary in Auto Components Companies for 2 - 5 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering new Product Development Engineer Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹6.6 L/yr
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Construction & Site Engineering new Product Development Engineer Salary 2 years exp. (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.3 L/yr

Last Updated: 28 Oct 2024

Companies similar to Rane (Madras) for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 26% less
JBM Group new Product Development Engineer Salary 0 - 8 years exp. (34 salaries)	₹1.8 L/yr - ₹5.7 L/yr 17% less
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Imperial Auto Industries new Product Development Engineer Salary 1 - 12 years exp. (20 salaries)	₹1.8 L/yr - ₹4.4 L/yr 24% less
Sharda Motor Industries new Product Development Engineer Salary 0 - 5 years exp. (13 salaries)	₹2.1 L/yr - ₹5.2 L/yr 29% less
Pricol new Product Development Engineer Salary 1 - 9 years exp. (11 salaries)	₹1.6 L/yr - ₹7 L/yr 8% more
Bharat Forge new Product Development Engineer Salary 3 - 8 years exp. (10 salaries)	₹3.9 L/yr - ₹5.6 L/yr 10% more
TVS Sundram Fasteners new Product Development Engineer Salary 0 - 10 years exp. (8 salaries)	₹1.7 L/yr - ₹4.8 L/yr 23% less
Steel Strips Wheels new Product Development Engineer Salary 3 - 6 years exp. (7 salaries)	₹3 L/yr - ₹4.6 L/yr 27% less
CIE Automotive new Product Development Engineer Salary 2 - 8 years exp. (7 salaries)	₹3.3 L/yr - ₹6.5 L/yr 9% less
Sandhar Technologies new Product Development Engineer Salary 0 - 6 years exp. (6 salaries)	₹2.8 L/yr - ₹4.8 L/yr 26% less
Lumax Industries new Product Development Engineer Salary 0 - 5 years exp. (6 salaries)	₹1.8 L/yr - ₹4.5 L/yr 35% less
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Spark Minda new Product Development Engineer Salary 2 - 4 years exp. (6 salaries)	₹3 L/yr - ₹4.2 L/yr 31% less
Sundaram Clayton new Product Development Engineer Salary 4 - 17 years exp. (5 salaries)	₹3.2 L/yr - ₹11.3 L/yr 69% more
Asahi India Glass new Product Development Engineer Salary 1 - 2 years exp. (5 salaries)	₹1.7 L/yr - ₹3.5 L/yr 23% less
Subros new Product Development Engineer Salary 3 - 14 years exp. (5 salaries)	₹2.6 L/yr - ₹9.2 L/yr 25% more
Magna International new Product Development Engineer Salary 2 - 8 years exp. (4 salaries)	₹2.8 L/yr - ₹4.2 L/yr 16% less
SKF new Product Development Engineer Salary 1 - 3 years exp. (4 salaries)	₹2.1 L/yr - ₹3 L/yr 44% less
DENSO new Product Development Engineer Salary 2 - 9 years exp. (4 salaries)	₹5 L/yr - ₹8 L/yr 45% more
Endurance Technologies new Product Development Engineer Salary 1 - 6 years exp. (3 salaries)	₹1.5 L/yr - ₹3.5 L/yr 33% less
Gabriel India new Product Development Engineer Salary 3 - 8 years exp. (3 salaries)	₹3.6 L/yr - ₹5 L/yr 10% less

View all

new Product Development Engineer salary at Rane (Madras) ranges between ₹2.1 Lakhs to ₹6.6 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Rane (Madras) .

Experience wise Rane (Madras) new Product Development Engineer salaries

Last Updated: 28 Oct 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
3 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
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4 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
5 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr

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₹3.2 L/yr - ₹4 L/yr

Top skills at Rane (Madras) for new Product Development Engineer

AutoCAD PPAP Apqp Process Validation Solid Works CATIA NPD

Salary related reviews for Rane (Madras)

1.3

Rated by 3 employees for salary & benefits

Quality Engineer

quality Department

4.0

• posted on 08 Nov 2018

3.0

for Salary and Benefits

Likes

No one forces you perticular work because here all work done by team .

Dislikes

Here first very low salary accrding to education qualification even b.Tech qualified has very low salary.There is no trainee special workshop.This company take full work in the name of training

Job security - Poor

+1 more

Senior Design Engineer in Chennai

Research & Development Department

4.0

• posted on 08 Aug 2017

4.0

for Salary and Benefits

Likes

Rane Madras Limited is my first company, i have learnt many new things from Rane, all the department heads are good and guide us in a good path. More freedom to give our views.

Salary - Good

+6 more

Dislikes

Since i have joined as the Diploma candidate salary slab is very less, other than that everything is fine

Quality Inspection Trainee in Hyderabad / Secunderabad

Full Time

Quality Assurance Department

3.0

• posted on 28 Oct 2024

3.0

for Salary and Benefits

Likes

The team members full cooperate with us when work distribution.

Dislikes

...g good.the higher position employees are always talk rudely. Unclean atmosphere. Salary is very less.

Promotions - Bad

+2 more

Quality Controller in Varanavasi

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 29 Jun 2023

2.0

for Salary and Benefits

Likes

I liked to our company rules and regulations and safety frequency is also good and learning is very good. I have to learn more than .

Skill development - Excellent

+2 more

Dislikes

I am unsatisfied for salary and not required to promotion is hurt for good experience people.

Salary - Poor

+2 more

CNC Machine Operator in Chennai

Other Department

3.0

• posted on 09 May 2021

2.0

for Salary and Benefits

Likes

Good work environment. Teammates are supportive . .Management is good & Company policies are also good.

Skill development - Good

Dislikes

This company not for Skill development & learning. No career growth. They don't give good salary hike and bonus every year.

Salary - Poor

+2 more

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Rane (Madras) new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Rane (Madras) ?

The average salary of a new Product Development Engineer at Rane (Madras) in India typically ranges from ₹2.1 Lakhs to ₹6.6 Lakhs per year, depending on experience (from 2 years to 5 years).

The top 10% of new Product Development Engineer at Rane (Madras) earn more than ₹6.6 Lakhs per year, and the top 1% earn over ₹6.6 Lakhs per year. new Product Development Engineer Salaries at Rane (Madras) 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 Rane (Madras) employees in India.

What is the estimated take home salary of a new Product Development Engineer at Rane (Madras) in India?

The estimated take-home salary of a new Product Development Engineer at Rane (Madras) in India typically ranges from ₹33,499 to ₹34,761 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹6.6 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 4 salaries received from various employees of Rane (Madras) . Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a new Product Development Engineer at Rane (Madras) ?

To be a new Product Development Engineer at Rane (Madras) in india, the key skills required include:

- AutoCAD
- PPAP
- Apqp
- Process Validation
- Solid Works

These skills are highly valued at Rane (Madras) and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Rane (Madras) for new Product Development Engineer in India?

Sundaram Clayton	₹3.2 Lakhs to ₹11.3 Lakhs per year
DENSO	₹5.0 Lakhs to ₹8.0 Lakhs per year
Subros	₹2.6 Lakhs to ₹9.2 Lakhs per year
Bharat Forge	₹3.9 Lakhs to ₹5.6 Lakhs per year
Pricol	₹1.6 Lakhs to ₹7.0 Lakhs per year

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

What is the salary of a new Product Development Engineer in companies similar to Rane (Madras) in India?

The salary of a new Product Development Engineer at companies similar to Rane (Madras) in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

CIE Automotive	₹3.3 Lakhs to ₹6.5 Lakhs per year
Gabriel India	₹3.6 Lakhs to ₹5.0 Lakhs per year
Magna International	₹2.8 Lakhs to ₹4.2 Lakhs per year
JBM Group	₹1.8 Lakhs to ₹5.7 Lakhs per year
Tata AutoComp Systems	₹2.5 Lakhs to ₹6.2 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 Rane (Madras) in India?

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

Experience	Average Salary Range
2 years	₹2.4 Lakhs to ₹3.0 Lakhs per year
3 years	₹3.5 Lakhs to ₹4.5 Lakhs per year
4 years	₹4.6 Lakhs to ₹5.9 Lakhs per year
5 years	₹5.7 Lakhs to ₹7.3 Lakhs per year

and so on.

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Rane (Madras) new Product Development Engineer Salaries

Rane (Madras) new Product Development Engineer salary in India ranges between ₹2.1 Lakhs to ₹6.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Rane (Madras) latest salaries received from various employees of Rane (Madras) .