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Schaeffler India Product Manager salaries in India (Updated 2025)

Annual salary range
9 - 12 years exp.
₹12.2 Lakhs - ₹15 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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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)
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₹13.5 L/yr - ₹16.5 L/yr

Product Management
Product Manager Salary
9 years exp. (AmbitionBox Estimate)
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₹12.6 L/yr - ₹15.4 L/yr

Research & Development
Product Manager Salary
12 years exp. (AmbitionBox Estimate)
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₹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
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Bosch Product Manager Salary

4 - 12 years exp. (59 salaries)

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₹8.9 L/yr - ₹34.6 L/yr

arrow icon 47% more
2 job openings
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Siemens Product Manager Salary

7 - 17 years exp. (68 salaries)

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₹11 L/yr - ₹45 L/yr

arrow icon 102% more
1 job opening
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ABB Product Manager Salary

4 - 19 years exp. (37 salaries)

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₹11.7 L/yr - ₹40 L/yr

arrow icon 73% more
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Honeywell Automation Product Manager Salary

3 - 19 years exp. (22 salaries)

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₹20 L/yr - ₹50.5 L/yr

arrow icon 144% more
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Johnson Controls Product Manager Salary

7 - 18 years exp. (11 salaries)

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₹12 L/yr - ₹46.6 L/yr

arrow icon 123% more
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Cummins Product Manager Salary

3 - 16 years exp. (6 salaries)

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₹13.4 L/yr - ₹35.6 L/yr

arrow icon 56% more
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₹12.6 L/yr - ₹40 L/yr

arrow icon 130% more
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Lumax Industries Product Manager Salary

2 - 10 years exp. (5 salaries)

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₹4 L/yr - ₹14.5 L/yr

arrow icon 29% less
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Pricol Product Manager Salary

13 - 21 years exp. (4 salaries)

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₹12.5 L/yr - ₹17 L/yr

arrow icon 2% more
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Faurecia Product Manager Salary

4 - 19 years exp. (4 salaries)

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₹14 L/yr - ₹25 L/yr

arrow icon 56% more
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Continental Product Manager Salary

2 - 17 years exp. (3 salaries)

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₹7 L/yr - ₹51 L/yr

arrow icon 112% more
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JBM Group Product Manager Salary

3 - 6 years exp. (3 salaries)

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₹5.4 L/yr - ₹7.9 L/yr

arrow icon 51% less
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Hitachi Astemo Product Manager Salary

9 - 11 years exp. (3 salaries)

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₹7 L/yr - ₹16.4 L/yr

arrow icon 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.

Latest annual salaries shared by Schaeffler India Product Manager

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9 years exp.
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10 years exp.
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12 years exp.
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9 years exp.

Experience wise Schaeffler India Product Manager salaries

Last Updated: 11 Feb 2025

Experience Avg Annual Salary
9 years (AmbitionBox Estimate)

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₹14 L/yr - ₹15 L/yr
10 years (AmbitionBox Estimate)

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₹12.2 L/yr - ₹24.1 L/yr
11 years (AmbitionBox Estimate)

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₹11.4 L/yr - ₹14.5 L/yr
12 years (AmbitionBox Estimate)

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₹4.9 L/yr - ₹12.3 L/yr

Similar Designation salaries in Schaeffler India

Project Manager Salary
(28 salaries)
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₹6.09 L/yr - ₹24.19 L/yr
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₹10.4 L/yr - ₹20 L/yr
Product Owner Salary
(AmbitionBox Estimate)
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₹16.7 L/yr - ₹21.3 L/yr
Program Manager Salary
(AmbitionBox Estimate)
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₹10.8 L/yr - ₹13.8 L/yr
Deputy Manager Salary
(155 salaries)
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₹8 L/yr - ₹16 L/yr
Senior Product Manager Salary
(AmbitionBox Estimate)
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₹19.8 L/yr - ₹25.3 L/yr
Scrum Master Salary
(5 salaries)
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₹13.75 L/yr - ₹20 L/yr
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₹17 L/yr - ₹28 L/yr
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₹7.5 L/yr - ₹40 L/yr
Associate Director Salary
(AmbitionBox Estimate)
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₹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

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.

read more
  • 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.

read more
  • Skill development - Poor
  • +2 more

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.

read more
  • Skill development - Poor
  • +4 more

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.

read more
  • 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 .

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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.

read more
  • Skill development - Poor
  • +2 more

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

read more
  • Skill development - Excellent
  • +5 more

Dislikes

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

read more
  • Salary - Poor
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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.

Tell us how to improve this page.

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