SKF new Product Development Engineer Salaries by 4 Employees (Updated 2024)

1 - 3 years exp.

₹2.1 Lakhs - ₹3 Lakhs

Low Confidence

Salary of majority employees

36% less than the average new Product Development Engineer Salary in Auto Components Companies for 1 - 3 years of experience

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Salaries in different departments

Research & Development new Product Development Engineer Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr
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Quality Assurance new Product Development Engineer Salary 3 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 16 Mar 2023

Companies similar to SKF for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Bharat Forge new Product Development Engineer Salary 3 - 8 years exp. (9 salaries)	₹3.9 L/yr - ₹5.6 L/yr 83% more
Samvardhana Motherson Group new Product Development Engineer Salary 1 - 4 years exp. (6 salaries)	₹2.5 L/yr - ₹3.5 L/yr 24% more
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L.G.Balakrishnan & Bros new Product Development Engineer Salary 0 - 8 years exp. (44 salaries)	₹1.7 L/yr - ₹4.7 L/yr 29% more
JBM Group new Product Development Engineer Salary 1 - 8 years exp. (32 salaries)	₹2.3 L/yr - ₹5.7 L/yr 48% more
Imperial Auto Industries new Product Development Engineer Salary 1 - 12 years exp. (20 salaries)	₹1.8 L/yr - ₹4.4 L/yr 40% more
Pricol new Product Development Engineer Salary 1 - 9 years exp. (12 salaries)	₹1.6 L/yr - ₹7 L/yr 93% more
Sandhar Technologies new Product Development Engineer Salary 0 - 6 years exp. (8 salaries)	₹2.8 L/yr - ₹4.8 L/yr 32% more
TVS Sundram Fasteners new Product Development Engineer Salary 0 - 10 years exp. (8 salaries)	₹1.7 L/yr - ₹4.8 L/yr 38% more
Steel Strips Wheels new Product Development Engineer Salary 3 - 6 years exp. (7 salaries)	₹3 L/yr - ₹4.6 L/yr 30% more
CIE Automotive new Product Development Engineer Salary 2 - 8 years exp. (7 salaries)	₹3.3 L/yr - ₹6.5 L/yr 62% more
Lumax Industries new Product Development Engineer Salary 1 - 3 years exp. (6 salaries)	₹2.7 L/yr - ₹3.6 L/yr 27% more
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Spark Minda new Product Development Engineer Salary 2 - 4 years exp. (6 salaries)	₹3 L/yr - ₹4.2 L/yr 23% more
Asahi India Glass new Product Development Engineer Salary 1 - 2 years exp. (5 salaries)	₹1.7 L/yr - ₹3.5 L/yr 38% more
Subros new Product Development Engineer Salary 3 - 14 years exp. (5 salaries)	₹2.6 L/yr - ₹9.2 L/yr 123% more
DENSO new Product Development Engineer Salary 2 - 9 years exp. (4 salaries)	₹5 L/yr - ₹8 L/yr 160% more
Endurance Technologies new Product Development Engineer Salary 1 - 5 years exp. (3 salaries)	₹1.5 L/yr - ₹3.5 L/yr 20% more
JTEKT new Product Development Engineer Salary 0 - 9 years exp. (3 salaries)	₹3 L/yr - ₹8 L/yr 128% more
Gabriel India new Product Development Engineer Salary 3 - 8 years exp. (3 salaries)	₹3.6 L/yr - ₹5 L/yr 62% more
Tata AutoComp Systems new Product Development Engineer Salary 2 - 5 years exp. (3 salaries)	₹2.5 L/yr - ₹6.2 L/yr 49% more

new Product Development Engineer salary at SKF ranges between ₹2.1 Lakhs to ₹3 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 4 latest salaries received from various employees of SKF.

Experience wise SKF new Product Development Engineer salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
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3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr

Similar Designation salaries in SKF

Product Development Engineer Salary

(4 salaries)

₹6.77 L/yr - ₹14.1 L/yr

Production Engineer Salary

(71 salaries)

₹1 L/yr - ₹5 L/yr

Senior Design Engineer Salary

(8 salaries)

₹7.3 L/yr - ₹12.5 L/yr

Project Engineer Salary

(11 salaries)

₹2.75 L/yr - ₹6.77 L/yr

Senior Software Engineer Salary

(4 salaries)

₹12 L/yr - ₹22.1 L/yr

Production Officer Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.8 L/yr

Assistant Engineer Salary

(3 salaries)

₹4.5 L/yr - ₹5.28 L/yr

Production Manager Salary

(4 salaries)

₹12 L/yr - ₹50.33 L/yr

Design Engineer Salary

(36 salaries)

₹1.95 L/yr - ₹9.42 L/yr

Mechanical Engineer Salary

(21 salaries)

₹1.5 L/yr - ₹5.8 L/yr

Salary related reviews for SKF

1.0

Rated by 1 employees for salary & benefits

Applications Engineer in Bangalore / Bengaluru

Full Time

Sales & Business Development Department

3.0

• posted on 20 Sep 2024

3.0

for Salary and Benefits

Likes

Good work place environment. Good policies Good work life balance

Dislikes

Salary grade market correction must be done. High level of Favoritism by management employees who stay in the system for long time. Such people bend the company rules to favour their favourite employees.

Product Engineer in Bangalore / Bengaluru

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 16 May 2024

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Bad company to work with. Does not pay well. HR is worst team. They say company will pay variable of 15% at the time of joining. They are complete liars. You don’t even get half. Zero ethics and culture. I don’t recommend anyone joining atleast in Bangalore, India office.

Reliability Engineer in Gurgaon / Gurugram

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 21 Apr 2022

4.0

for Salary and Benefits

Likes

Company offers competitive salary only. Good leave policy. Management is good. On time salaries.Flexible working hours for employees who will work at office.

Dislikes

Increments are average.Not getting very good salary. No career growth and promotions. Company don’t offer salary to senior employees as per their expectation and work experience. Will not get preferred job location even after working more than 10 years. Work pressure is high.

Production in Mumbai

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 23 Dec 2021

4.0

for Salary and Benefits

Likes

Good work environment and culture.company politics are good,appraisals are fair and they give good salary hike and bonus every year

Dislikes

Salary is decent but career growth is slow on job training is not given to new joinees

Diploma Trainee Engineer in Pune

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 11 Aug 2020

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good,appraisals are fair and they give good salary hike and bonus every year.

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joiners.

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a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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SKF new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at SKF?

new Product Development Engineer salary at SKF in India ranges between ₹2.1 Lakhs to ₹3.0 Lakhs for experience between 1 years to 3 years. According to our estimates it is 36% less than the average new Product Development Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of SKF India.

How does the salary of a new Product Development Engineer at SKF India compare with the average salary range for this job?

The average salary of a new Product Development Engineer at SKF is 36% less than the average salary of a new Product Development Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than SKF to a new Product Development Engineer in India?

DENSO new Product Development Engineer Salary - ₹5.0 Lakhs to ₹8.0 Lakhs per year
JTEKT new Product Development Engineer Salary - ₹3.0 Lakhs to ₹8.0 Lakhs per year
Subros new Product Development Engineer Salary - ₹2.6 Lakhs to ₹9.2 Lakhs per year
Pricol new Product Development Engineer Salary - ₹1.6 Lakhs to ₹7.0 Lakhs per year
Bharat Forge new Product Development Engineer Salary - ₹3.9 Lakhs to ₹5.6 Lakhs per year

What is the salary of a new Product Development Engineer in companies similar to SKF in India?

CIE Automotive new Product Development Engineer Salary - ₹3.3 Lakhs to ₹6.5 Lakhs per year
Gabriel India new Product Development Engineer Salary - ₹3.6 Lakhs to ₹5.0 Lakhs per year
Tata AutoComp Systems new Product Development Engineer Salary - ₹2.5 Lakhs to ₹6.2 Lakhs per year
JBM Group new Product Development Engineer Salary - ₹2.3 Lakhs to ₹5.7 Lakhs per year
Imperial Auto Industries new Product Development Engineer Salary - ₹1.8 Lakhs to ₹4.4 Lakhs per year

What is the estimated take home salary of a new Product Development Engineer at SKF in India?

The estimated take-home salary of a new Product Development Engineer at SKF ranges between ₹17,582 per month to ₹19,281 per month in India. The take-home salary calculation is based on the average SKF new Product Development Engineer salary in India which ranges between ₹2.1 Lakhs to ₹3.0 Lakhs per year for employees with experience between 1 years to 3 years. Check how did we calculate take home salary?

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SKF new Product Development Engineer Salaries

SKF new Product Development Engineer salary in India ranges between ₹2.1 Lakhs to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 SKF latest salaries received from various employees of SKF.

SKF new Product Development Engineer salaries in India

Companies similar to SKF for new Product Development Engineer

Latest annual salaries shared by SKF new Product Development Engineer

Experience wise SKF new Product Development Engineer salaries

Similar Designation salaries in SKF

Salary related reviews for SKF

Applications Engineer in Bangalore / Bengaluru

Product Engineer in Bangalore / Bengaluru

Reliability Engineer in Gurgaon / Gurugram

Production in Mumbai

Diploma Trainee Engineer in Pune

SKF new Product Development Engineer Salary FAQs

Tell us how to improve this page.