SKF Product Development Engineer Lead Salaries by 5 Employees

12 - 16 years exp.

₹15 Lakhs - ₹22.7 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

At par with the average Product Development Engineer Lead Salary in Auto Components Companies for 12 - 16 years of experience

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Salaries in different departments

Research & Development Product Development Engineer Lead Salary 14 - 16 years exp. (3 salaries)	₹17.8 L/yr - ₹22.7 L/yr
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Engineering - Software & QA Product Development Engineer Lead Salary 12 - 13 years exp. (AmbitionBox Estimate)	₹13.5 L/yr - ₹16.5 L/yr

Last Updated: 12 Jul 2024

Companies similar to SKF for Product Development Engineer Lead

Company name	Avg Annual Salary	Open Jobs
HARMAN Product Development Engineer Lead Salary 5 - 11 years exp. (68 salaries)	₹10.3 L/yr - ₹33 L/yr 37% more
FIS Product Development Engineer Lead Salary 5 - 10 years exp. (10 salaries)	₹10.2 L/yr - ₹20 L/yr 23% less
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Ford Motor Product Development Engineer Lead Salary 6 - 9 years exp. (4 salaries)	₹11 L/yr - ₹14.5 L/yr 31% less
Tata Technologies Product Development Engineer Lead Salary 10 - 13 years exp. (4 salaries)	₹8.3 L/yr - ₹11 L/yr 50% less

Product Development Engineer Lead salary at SKF ranges between ₹15 Lakhs to ₹22.7 Lakhs per year for employees with experience between 12 years to 16 years. Salary estimates are based on 5 latest salaries received from various employees of SKF.

Experience wise SKF Product Development Engineer Lead salaries

Last Updated: 12 Jul 2024

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr
13 years (AmbitionBox Estimate)	₹14.5 L/yr - ₹18.5 L/yr
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14 years (AmbitionBox Estimate)	₹16.3 L/yr - ₹20.9 L/yr
15+ years (AmbitionBox Estimate)	₹19.1 L/yr - ₹24.5 L/yr

Similar Designation salaries in SKF

Product Development Engineer Salary

(3 salaries)

₹10 L/yr - ₹14.1 L/yr

New Product Development Engineer Salary

(4 salaries)

₹2 L/yr - ₹3 L/yr

Production Engineer Salary

(67 salaries)

₹1 L/yr - ₹5 L/yr

Product Engineer Salary

(26 salaries)

₹4.53 L/yr - ₹15 L/yr

Project Engineer Salary

(11 salaries)

₹2.75 L/yr - ₹6.77 L/yr

Senior Design Engineer Salary

(7 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 Supervisor Salary

(16 salaries)

₹1.8 L/yr - ₹6.5 L/yr

Production Manager Salary

(4 salaries)

₹12 L/yr - ₹50.33 L/yr

Salary related reviews for SKF

3.0

Rated by 1 employees for salary & benefits

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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Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

115 participants . poll closed

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SKF Product Development Engineer Lead Salary FAQs

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

The average salary of a Product Development Engineer Lead at SKF in India typically ranges from ₹15.0 Lakhs to ₹22.7 Lakhs per year, depending on experience (from 12 years to 16 years).

The top 10% of Product Development Engineer Lead at SKF earn more than ₹22.7 Lakhs per year, and the top 1% earn over ₹22.7 Lakhs per year. Product Development Engineer Lead 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 5 SKF employees in India.

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

The estimated take-home salary of a Product Development Engineer Lead at SKF in India typically ranges from ₹1,22,988 to ₹1,26,643 per month. This is based on the average salary range of ₹15.0 Lakhs to ₹22.7 Lakhs per year for employees with experience ranging from 12 years to 16 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 5 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 Development Engineer Lead in India?

HARMAN

₹10.3 Lakhs to ₹33.0 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 Development Engineer Lead in companies similar to SKF in India?

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

FIS	₹10.2 Lakhs to ₹20.0 Lakhs per year
Ford Motor	₹11.0 Lakhs to ₹14.5 Lakhs per year
Tata Technologies	₹8.3 Lakhs to ₹11.0 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 Development Engineer Lead at SKF in India?

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

Experience	Average Salary Range
12 years	₹13.5 Lakhs to ₹17.2 Lakhs per year
13 years	₹14.5 Lakhs to ₹18.5 Lakhs per year
14 years	₹16.3 Lakhs to ₹20.9 Lakhs per year
15 years	₹19.1 Lakhs to ₹24.5 Lakhs per year

and so on.

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SKF Product Development Engineer Lead Salaries

SKF Product Development Engineer Lead salary in India ranges between ₹15 Lakhs to ₹22.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 SKF latest salaries received from various employees of SKF.