SKF Product Development Engineer Salaries by 3 Employees (Updated 2025)

1 - 2 years exp.

₹10 Lakhs - ₹14.1 Lakhs

Low Confidence

Salary of majority employees

Fixed (89%)

₹10 Lakhs

Variable (11%)

₹1.3 Lakh

42% more than the average Product Development Engineer Salary in Auto Components Companies for 1 - 2 years of experience

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Last Updated: 17 Jan 2025

Companies similar to SKF for Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Samvardhana Motherson Group Product Development Engineer Salary 1 - 6 years exp. (16 salaries)	₹2 L/yr - ₹6.5 L/yr 59% less
Bosch Product Development Engineer Salary 0 - 4 years exp. (8 salaries)	₹3 L/yr - ₹10 L/yr 52% less
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Pricol Product Development Engineer Salary 3 - 7 years exp. (9 salaries)	₹2.5 L/yr - ₹6.8 L/yr 64% less
L.G.Balakrishnan & Bros Product Development Engineer Salary 3 - 5 years exp. (6 salaries)	₹2.5 L/yr - ₹5.6 L/yr 72% less
JBM Group Product Development Engineer Salary 0 - 4 years exp. (5 salaries)	₹2 L/yr - ₹2.7 L/yr 78% less
Endurance Technologies Product Development Engineer Salary 4 - 8 years exp. (4 salaries)	₹3 L/yr - ₹5.5 L/yr 62% less
TVS Sundram Fasteners Product Development Engineer Salary 0 - 18 years exp. (4 salaries)	₹3 L/yr - ₹6.5 L/yr 57% less
CIE Automotive Product Development Engineer Salary 1 - 7 years exp. (4 salaries)	₹2.5 L/yr - ₹3.8 L/yr 73% less
Steel Strips Wheels Product Development Engineer Salary 3 - 5 years exp. (3 salaries)	₹2.8 L/yr - ₹4 L/yr 71% less

Product Development Engineer salary at SKF ranges between ₹10 Lakhs to ₹14.1 Lakhs per year for employees with experience between 1 year to 2 years. Salary estimates are based on 3 latest salaries received from various employees of SKF.

Experience wise SKF Product Development Engineer salaries

Last Updated: 17 Jan 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹10 L/yr - ₹18 L/yr
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2 years (AmbitionBox Estimate)	₹5 L/yr - ₹14.1 L/yr

Similar Designation salaries in SKF

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₹2 L/yr - ₹3 L/yr

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Product Engineer Salary

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₹4.53 L/yr - ₹15 L/yr

Project Engineer Salary

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Senior Design Engineer Salary

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₹7.3 L/yr - ₹12.5 L/yr

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(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.8 L/yr

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₹4.5 L/yr - ₹5.28 L/yr

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₹12 L/yr - ₹50.33 L/yr

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₹15 L/yr - ₹50 L/yr

Salary related reviews for SKF

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

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

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

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a system engineer

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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SKF Product Development Engineer Salary FAQs

How the salary growth look like for a Product Development Engineer at SKF in India?

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

Experience	Average Salary Range
1 year	₹10.0 Lakhs to ₹18.0 Lakhs per year
2 years	₹5.0 Lakhs to ₹14.1 Lakhs per year

and so on.

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SKF Product Development Engineer Salaries

SKF Product Development Engineer salary in India ranges between ₹10 Lakhs to ₹14.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 SKF latest salaries received from various employees of SKF.