SKF Product Design Engineer Salaries by 10+ Employees (Updated 2025)

2 - 8 years exp.

₹4.8 Lakhs - ₹13 Lakhs

Salary of majority employees

Fixed (88%)

₹7 Lakhs

Variable (12%)

₹0.9 Lakh

At par with the average Product Design Engineer Salary in Auto Components Companies for 2 - 8 years of experience

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Salaries in different departments

Research & Development Product Design Engineer Salary 5 - 8 years exp. (6 salaries)	₹4.8 L/yr - ₹13 L/yr
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Production, Manufacturing & Engineering Product Design Engineer Salary 3 - 6 years exp. (3 salaries)	₹6.4 L/yr - ₹11.3 L/yr

Last Updated: 23 Mar 2025

Companies similar to SKF for Product Design Engineer

Company name	Avg Annual Salary	Open Jobs
NBC Bearings Product Design Engineer Salary 0 - 5 years exp. (13 salaries)	₹2.8 L/yr - ₹4.5 L/yr 54% less
Lear Corporation Product Design Engineer Salary 1 - 7 years exp. (12 salaries)	₹5 L/yr - ₹9.1 L/yr 6% less
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Pricol Product Design Engineer Salary 3 - 8 years exp. (8 salaries)	₹3.6 L/yr - ₹7.6 L/yr 24% less
Wheels Product Design Engineer Salary 0 - 2 years exp. (6 salaries)	₹2.3 L/yr - ₹2.8 L/yr 69% less
Steel Strips Wheels Product Design Engineer Salary 0 - 6 years exp. (6 salaries)	₹2.2 L/yr - ₹4.2 L/yr 63% less
Magna International Product Design Engineer Salary 3 - 5 years exp. (5 salaries)	₹8.3 L/yr - ₹9.8 L/yr 10% more
Spark Minda Product Design Engineer Salary 1 - 3 years exp. (5 salaries)	₹3.9 L/yr - ₹5 L/yr 43% less
Lumax Industries Product Design Engineer Salary 1 - 9 years exp. (4 salaries)	₹4.2 L/yr - ₹9.2 L/yr 18% less
Schaeffler India Product Design Engineer Salary 1 - 6 years exp. (4 salaries)	₹5.6 L/yr - ₹6.5 L/yr 25% less
Tata AutoComp Systems Product Design Engineer Salary 2 - 3 years exp. (4 salaries)	₹3.6 L/yr - ₹4.8 L/yr 54% less
Sona Comstar Product Design Engineer Salary 0 - 6 years exp. (3 salaries)	₹5.1 L/yr - ₹7.6 L/yr 18% less
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Product Design Engineer salary at SKF ranges between ₹4.8 Lakhs to ₹13 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 12 latest salaries received from various employees of SKF.

Experience wise SKF Product Design Engineer salaries

Last Updated: 23 Mar 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹6 L/yr - ₹14.1 L/yr
3 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹11.3 L/yr
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4 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9.1 L/yr
5 years (3 salaries)	₹6 L/yr - ₹14.2 L/yr
6 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹8.9 L/yr
7 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹13 L/yr
8 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹14.3 L/yr

View all

Similar Designation salaries in SKF

Lead Design Engineer Salary

(3 salaries)

₹11.9 L/yr - ₹12.4 L/yr

Senior Design Engineer Salary

(7 salaries)

₹7.3 L/yr - ₹12.5 L/yr

Process Engineer Salary

(4 salaries)

₹2 L/yr - ₹7 L/yr

Design Engineer Salary

(33 salaries)

₹1.95 L/yr - ₹9.6 L/yr

Project Engineer Salary

(11 salaries)

₹2.75 L/yr - ₹6.77 L/yr

Electrical Design Engineer Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Senior Engineer Salary

(10 salaries)

₹6.45 L/yr - ₹14 L/yr

Electrical Engineer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Junior Engineer Salary

(12 salaries)

₹1.3 L/yr - ₹2.9 L/yr

Lead Engineer Salary

(7 salaries)

₹14 L/yr - ₹22.67 L/yr

Salary related reviews for SKF

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

Job security - Excellent

+3 more

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.

Promotions - Bad

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.

Salary - Bad

+5 more

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.

Salary - Good

+5 more

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.

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.

Salary - Excellent

+6 more

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.

Machine Operator in Mysuru / Mysore

Production, Manufacturing & Engineering Department

5.0

• posted on 09 Feb 2022

4.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. There is Good transport facility and they give good salary and canteen facility. This company give a good opportunity for fresher.On the job training is good for new joinees

Salary - Good

+4 more

Dislikes

Salary is decent but career growth is slow .There is no employeement in this company

Promotions - Poor

see more salary related reviews

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Salary Discussions, Hike & Promotions

a manager - business analyst

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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SKF Product Design Engineer Salary FAQs

What is the salary of Product Design Engineer at SKF ?

The average salary of a Product Design Engineer at SKF in India typically ranges from ₹4.8 Lakhs to ₹13.0 Lakhs per year, depending on experience (from 2 years to 8 years).

The top 10% of Product Design Engineer at SKF earn more than ₹11.8 Lakhs per year, and the top 1% earn over ₹13.0 Lakhs per year. Product Design Engineer Salaries at SKF 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 10+ SKF employees in India.

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

The estimated take-home salary of a Product Design Engineer at SKF in India typically ranges from ₹58,287 to ₹59,755 per month. This is based on the average salary range of ₹4.8 Lakhs to ₹13.0 Lakhs per year for employees with experience ranging from 2 years to 8 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 10+ salaries received from various employees of SKF. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SKF for Product Design Engineer in India?

Magna International

₹8.3 Lakhs to ₹9.8 Lakhs per year

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

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

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

Lear Corporation	₹5.0 Lakhs to ₹9.1 Lakhs per year
Lumax Industries	₹4.2 Lakhs to ₹9.2 Lakhs per year
Sona Comstar	₹5.1 Lakhs to ₹7.6 Lakhs per year
Pricol	₹3.6 Lakhs to ₹7.6 Lakhs per year
Schaeffler India	₹5.6 Lakhs to ₹6.5 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 Design Engineer at SKF in India?

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

Experience	Average Salary Range
2 years	₹6.0 Lakhs to ₹14.1 Lakhs per year
3 years	₹7.1 Lakhs to ₹11.3 Lakhs per year
4 years	₹7.1 Lakhs to ₹9.1 Lakhs per year
5 years	₹6.0 Lakhs to ₹14.2 Lakhs per year

and so on.

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SKF Product Design Engineer Salaries

SKF Product Design Engineer salary in India ranges between ₹4.8 Lakhs to ₹13 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 SKF latest salaries received from various employees of SKF.