Schaeffler India Product Manager Salaries by 4 Employees (Updated 2025)

9 - 12 years exp.

₹12.2 Lakhs - ₹15 Lakhs

Low Confidence

Salary of majority employees

40% less than the average Product Manager Salary in Auto Components Companies for 9 - 12 years of experience

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Salaries in different departments

Data Science & Analytics Product Manager Salary 9 years exp. (AmbitionBox Estimate)	₹13.5 L/yr - ₹16.5 L/yr
Product Management Product Manager Salary 9 years exp. (AmbitionBox Estimate)	₹12.6 L/yr - ₹15.4 L/yr
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Research & Development Product Manager Salary 12 years exp. (AmbitionBox Estimate)	₹11.1 L/yr - ₹13.5 L/yr

Last Updated: 11 Feb 2025

Companies similar to Schaeffler India for Product Manager

Company name	Avg Annual Salary	Open Jobs
Bosch Product Manager Salary 4 - 12 years exp. (59 salaries)	₹8.9 L/yr - ₹34.6 L/yr 47% more	2 job openings
Siemens Product Manager Salary 7 - 17 years exp. (68 salaries)	₹11 L/yr - ₹45 L/yr 102% more	1 job opening
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ABB Product Manager Salary 4 - 19 years exp. (37 salaries)	₹11.7 L/yr - ₹40 L/yr 73% more
Honeywell Automation Product Manager Salary 3 - 19 years exp. (22 salaries)	₹20 L/yr - ₹50.5 L/yr 144% more
Johnson Controls Product Manager Salary 7 - 18 years exp. (11 salaries)	₹12 L/yr - ₹46.6 L/yr 123% more
Cummins Product Manager Salary 3 - 16 years exp. (6 salaries)	₹13.4 L/yr - ₹35.6 L/yr 56% more
Continental Automotive Components Product Manager Salary 6 - 15 years exp. (12 salaries)	₹12.6 L/yr - ₹40 L/yr 130% more
Lumax Industries Product Manager Salary 2 - 10 years exp. (5 salaries)	₹4 L/yr - ₹14.5 L/yr 29% less
Pricol Product Manager Salary 13 - 21 years exp. (4 salaries)	₹12.5 L/yr - ₹17 L/yr 2% more
Faurecia Product Manager Salary 4 - 19 years exp. (4 salaries)	₹14 L/yr - ₹25 L/yr 56% more
Continental Product Manager Salary 2 - 17 years exp. (3 salaries)	₹7 L/yr - ₹51 L/yr 112% more
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JBM Group Product Manager Salary 3 - 6 years exp. (3 salaries)	₹5.4 L/yr - ₹7.9 L/yr 51% less
Hitachi Astemo Product Manager Salary 9 - 11 years exp. (3 salaries)	₹7 L/yr - ₹16.4 L/yr 7% less

Product Manager salary at Schaeffler India ranges between ₹12.2 Lakhs to ₹15 Lakhs per year for employees with experience between 9 years to 12 years. Salary estimates are based on 4 latest salaries received from various employees of Schaeffler India.

Experience wise Schaeffler India Product Manager salaries

Last Updated: 11 Feb 2025

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹14 L/yr - ₹15 L/yr
10 years (AmbitionBox Estimate)	₹12.2 L/yr - ₹24.1 L/yr
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11 years (AmbitionBox Estimate)	₹11.4 L/yr - ₹14.5 L/yr
12 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹12.3 L/yr

Similar Designation salaries in Schaeffler India

Project Manager Salary

(28 salaries)

₹6.09 L/yr - ₹24.19 L/yr

Production Manager Salary

(14 salaries)

₹10.4 L/yr - ₹20 L/yr

Product Owner Salary

(AmbitionBox Estimate)

₹16.7 L/yr - ₹21.3 L/yr

Program Manager Salary

(AmbitionBox Estimate)

₹10.8 L/yr - ₹13.8 L/yr

Deputy Manager Salary

(155 salaries)

₹8 L/yr - ₹16 L/yr

Senior Product Manager Salary

(AmbitionBox Estimate)

₹19.8 L/yr - ₹25.3 L/yr

Scrum Master Salary

(5 salaries)

₹13.75 L/yr - ₹20 L/yr

Senior Project Manager Salary

(4 salaries)

₹17 L/yr - ₹28 L/yr

Business Analyst Salary

(3 salaries)

₹7.5 L/yr - ₹40 L/yr

Associate Director Salary

(AmbitionBox Estimate)

₹36 L/yr - ₹46 L/yr

Top skills at Schaeffler India for Product Manager

Product Promotion Product Launch Market Research Project Management Product Management Business Development Product Planning Product Life Cycle Management New Product Development Product Pricing Product Strategy Product Portfolio Management Local Sales

Salary related reviews for Schaeffler India

5.0

Rated by 1 employees for salary & benefits

Deputy Manager in Hosur

Research & Development Department

3.0

• posted on 31 Oct 2020

3.0

for Salary and Benefits

Likes

Company is fully personal relationship oriented. During Covid-19 there was pay cut through pain sharing method (personal leave deducted) and work from home option was given for possible employees. HR decision were taken from central HR team. Apprisal for the previous year was cut and can't expect for this year also.

Job security - Good

Dislikes

Company culture would have been more process oriented and not person dependent. Trying to be flexible to customer demand Skipping the development process and squeezing the Internal team is Not good and it largely affects the work life balance and employees relationship.

Skill development - Poor

+2 more

Production Engineer in Vadodara

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 23 Oct 2024

5.0

for Salary and Benefits

Likes

Only salary and benefits are good

Salary - Excellent

+1 more

Dislikes

Hopeless working culture. People having 15+ yrs of experience with 0 knowledge. And have Ego on the 7th floor. Diploma holders became manager by favouritism and do micro management. No planning only fire fighting. These all things are only applicable for Savli plant. In general schaeffler is Excellent organisation.

Skill development - Poor

+4 more

Senior Engineer in Pune

Full Time

Engineering - Software & QA Department

4.0

• posted on 17 Oct 2024

4.0

for Salary and Benefits

Likes

Technical Exposure is good here . Good Training provided to new joiners . Salary is competitive wrt teir 1 automotive companies.

Salary - Good

+4 more

Dislikes

Management is never in the favour of WFH . Some employees are hired at good positions , although they don`t seem to deserve it . HR department is useless , un-responsive and careless .

Quality Manager in Vadodara

Full Time

Quality Assurance Department

2.0

• posted on 16 Oct 2024

3.0

for Salary and Benefits

Likes

Salary and job security is good

Job security - Good

Dislikes

Poor culture. Politics runs throughout the structure, no inclusivity for people from outside. Most of people managers would not let others go ahead. The culture is built so that the company and people are the last priority.

Skill development - Poor

+2 more

Senior Manager in Pune

Full Time

Key Accounts Department

4.0

• posted on 29 Oct 2022

2.0

for Salary and Benefits

Likes

Work culture, work life balance, better opportunities inside organisation for job change, new policies under experimental basis like hybrid working permantly, job rotation. Supportive and approachable senior management, worked with Schaeffler Hosur location business customer centric team

Skill development - Excellent

+5 more

Dislikes

Poor growth plan for middle management, inequality in responsibility/work vs compensation.

Salary - Poor

see more salary related reviews

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Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Schaeffler India Product Manager Salary FAQs

What is the salary of Product Manager at Schaeffler India ?

The average salary of a Product Manager at Schaeffler India in India typically ranges from ₹12.2 Lakhs to ₹15.0 Lakhs per year, depending on experience (from 9 years to 12 years).

The top 10% of Product Manager at Schaeffler India earn more than ₹15.0 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Product Manager Salaries at Schaeffler India 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 Schaeffler India employees in India.

What is the estimated take home salary of a Product Manager at Schaeffler India in India?

The estimated take-home salary of a Product Manager at Schaeffler India in India typically ranges from ₹92,179 to ₹94,648 per month. This is based on the average salary range of ₹12.2 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from 9 years to 12 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 Schaeffler India. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Product Manager at Schaeffler India ?

To be a Product Manager at Schaeffler India in india, the key skills required include:

- Product Promotion
- Product Launch
- Market Research
- Project Management
- Product Management

These skills are highly valued at Schaeffler India and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Schaeffler India for Product Manager in India?

Honeywell Automation	₹20.0 Lakhs to ₹50.5 Lakhs per year
Continental Automotive Components	₹12.6 Lakhs to ₹40.0 Lakhs per year
Johnson Controls	₹12.0 Lakhs to ₹46.6 Lakhs per year
Continental	₹7.0 Lakhs to ₹51.0 Lakhs per year
Siemens	₹11.0 Lakhs to ₹45.0 Lakhs per year

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

What is the salary of a Product Manager in companies similar to Schaeffler India in India?

The salary of a Product Manager at companies similar to Schaeffler India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ABB	₹11.7 Lakhs to ₹40.0 Lakhs per year
Cummins	₹13.4 Lakhs to ₹35.6 Lakhs per year
Faurecia	₹14.0 Lakhs to ₹25.0 Lakhs per year
Bosch	₹8.9 Lakhs to ₹34.6 Lakhs per year
Pricol	₹12.5 Lakhs to ₹17.0 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 Product Manager at Schaeffler India in India?

The salary growth for a Product Manager at Schaeffler India depends on factors such as experience, performance, and promotions. On average, a Product Manager can expect the following growth trajectory at Schaeffler India:

Experience	Average Salary Range
9 years	₹14.0 Lakhs to ₹15.0 Lakhs per year
10 years	₹12.2 Lakhs to ₹24.1 Lakhs per year
11 years	₹11.4 Lakhs to ₹14.5 Lakhs per year
12 years	₹4.9 Lakhs to ₹12.3 Lakhs per year

and so on.

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Schaeffler India Product Manager Salaries

Schaeffler India Product Manager salary in India ranges between ₹12.2 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Schaeffler India latest salaries received from various employees of Schaeffler India.