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

1 - 3 years exp.

₹6.8 Lakhs - ₹14.1 Lakhs

Low Confidence

Salary of majority employees

11% more than the average Product Development Engineer Salary in Auto Components Companies for 1 - 3 years of experience

Interested in this particular role?

Salaries in different departments

Research & Development Product Development Engineer Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹7.3 L/yr - ₹14.1 L/yr
Login to view exact salary
Project & Program Management Product Development Engineer Salary 3 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3 L/yr

Last Updated: 17 Nov 2024

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. (18 salaries)	₹2 L/yr - ₹7 L/yr 45% less
Bosch Product Development Engineer Salary 0 - 4 years exp. (8 salaries)	₹3 L/yr - ₹10 L/yr 39% less
Login to view exact salary
Pricol Product Development Engineer Salary 3 - 7 years exp. (9 salaries)	₹2.5 L/yr - ₹6.8 L/yr 55% less
L.G.Balakrishnan & Bros Product Development Engineer Salary 3 - 4 years exp. (6 salaries)	₹2.5 L/yr - ₹5.6 L/yr 65% less
JBM Group Product Development Engineer Salary 0 - 4 years exp. (5 salaries)	₹2 L/yr - ₹2.7 L/yr 73% less
Endurance Technologies Product Development Engineer Salary 4 - 8 years exp. (4 salaries)	₹3 L/yr - ₹5.5 L/yr 52% less
TVS Sundram Fasteners Product Development Engineer Salary 0 - 18 years exp. (4 salaries)	₹3 L/yr - ₹6.5 L/yr 46% less
CIE Automotive Product Development Engineer Salary 1 - 7 years exp. (4 salaries)	₹2.5 L/yr - ₹3.8 L/yr 66% less
Steel Strips Wheels Product Development Engineer Salary 3 - 5 years exp. (3 salaries)	₹2.8 L/yr - ₹4 L/yr 63% less

Product Development Engineer salary at SKF ranges between ₹6.8 Lakhs to ₹14.1 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 Product Development Engineer salaries

Last Updated: 17 Nov 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹7.3 L/yr - ₹20 L/yr
2 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹14.1 L/yr
Login to view exact salary
3 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹12.2 L/yr

Similar Designation salaries in SKF

New Product Development Engineer Salary

(4 salaries)

₹2 L/yr - ₹3 L/yr

Production Engineer Salary

(71 salaries)

₹1 L/yr - ₹5 L/yr

Product Engineer Salary

(28 salaries)

₹4.71 L/yr - ₹15 L/yr

Project Engineer Salary

(11 salaries)

₹2.75 L/yr - ₹6.77 L/yr

Senior Design Engineer Salary

(8 salaries)

₹7.3 L/yr - ₹12.5 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

Software Engineer Salary

(4 salaries)

₹19.9 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.

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.

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.

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a technical project manager

Deadend

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?

Got a question about SKF?

Ask anonymously on communities.

SKF Product Development Engineer Salary FAQs

What is the salary of Product Development Engineer at SKF?

Product Development Engineer salary at SKF in India ranges between ₹6.8 Lakhs to ₹14.1 Lakhs for experience between 1 years to 3 years. According to our estimates it is 11% more than the average 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 Product Development Engineer at SKF India compare with the average salary range for this job?

The average salary of a Product Development Engineer at SKF is 11% more than the average salary of a Product Development Engineer in India. To know exact salary insights, login to view.

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

Bosch Product Development Engineer Salary - ₹3.0 Lakhs to ₹10.0 Lakhs per year
Samvardhana Motherson Group Product Development Engineer Salary - ₹2.0 Lakhs to ₹7.0 Lakhs per year
TVS Sundram Fasteners Product Development Engineer Salary - ₹3.0 Lakhs to ₹6.5 Lakhs per year
Endurance Technologies Product Development Engineer Salary - ₹3.0 Lakhs to ₹5.5 Lakhs per year
Pricol Product Development Engineer Salary - ₹2.5 Lakhs to ₹6.8 Lakhs per year

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

The estimated take-home salary of a Product Development Engineer at SKF ranges between ₹65,241 per month to ₹66,906 per month in India. The take-home salary calculation is based on the average SKF Product Development Engineer salary in India which ranges between ₹6.8 Lakhs to ₹14.1 Lakhs per year for employees with experience between 1 years to 3 years. Check how did we calculate take home salary?

What is the notice period for Product Development Engineer at SKF?

According to AmbitionBox, 50% of the SKF Product Development Engineers reported a notice period of 1 Month, 50% reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Home >
Salaries >
SKF Salaries >
SKF Product Development Engineer Salaries

SKF Product Development Engineer salary in India ranges between ₹6.8 Lakhs to ₹14.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 SKF latest salaries received from various employees of SKF.