SKF Product Development Manager Salaries by 4 Employees

13 - 16 years exp.

₹20 Lakhs - ₹28.6 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

8% more than the average Product Development Manager Salary in Auto Components Companies for 13 - 16 years of experience

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Salaries in different departments

Engineering - Software & QA Product Development Manager Salary 13 - 14 years exp. (AmbitionBox Estimate)	₹20 L/yr - ₹21 L/yr
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Research & Development Product Development Manager Salary 15 - 16 years exp. (AmbitionBox Estimate)	₹23.7 L/yr - ₹28.6 L/yr

Last Updated: 25 Apr 2023

Companies similar to SKF for Product Development Manager

Company name	Avg Annual Salary	Open Jobs
Schaeffler India Product Development Manager Salary 8 - 11 years exp. (4 salaries)	₹8.3 L/yr - ₹14.7 L/yr 54% less
Imperial Auto Industries Product Development Manager Salary 8 - 18 years exp. (4 salaries)	₹7.5 L/yr - ₹12.2 L/yr 56% less
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American Express Product Development Manager Salary 4 - 15 years exp. (29 salaries)	₹20 L/yr - ₹38 L/yr 30% more
HARMAN Product Development Manager Salary 10 - 18 years exp. (25 salaries)	₹15.2 L/yr - ₹40 L/yr 31% more
FIS Product Development Manager Salary 10 - 19 years exp. (20 salaries)	₹18.1 L/yr - ₹35.8 L/yr 15% more

Product Development Manager salary at SKF ranges between ₹20 Lakhs to ₹28.6 Lakhs per year for employees with experience between 13 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of SKF.

Experience wise SKF Product Development Manager salaries

Last Updated: 25 Apr 2023

Experience	Avg Annual Salary
13 years (AmbitionBox Estimate)	₹18 L/yr - ₹23 L/yr
14 years (AmbitionBox Estimate)	₹19.7 L/yr - ₹25.2 L/yr
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15+ years (AmbitionBox Estimate)	₹23.6 L/yr - ₹30.1 L/yr

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(28 salaries)

₹10.74 L/yr - ₹18 L/yr

Customer Service Executive Salary

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₹3 L/yr - ₹11 L/yr

Team Lead Salary

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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

Project Trainee in Pune

Research & Development Department

5.0

• posted on 31 Jan 2022

5.0

for Salary and Benefits

Likes

On of the best companies to accelerate your career in Manufacturing technology and Design. Very humble and helpful colleagues and seniors who will help you in whenever needed.

Salary - Excellent

+6 more

Dislikes

Apart from salary everything was really good. I had a good learning experience here and got to know how the corporate world works.

Internship Trainee in Pune

Intern

Six Sigma Department

5.0

• posted on 31 Dec 2020

5.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive and the management 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

Salary is good. There is a bond of 2 years before which you cannot resign. On the job training is given to new joinees.

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.

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SKF Product Development Manager Salary FAQs

What is the salary of Product Development Manager at SKF ?

The average salary of a Product Development Manager at SKF in India typically ranges from ₹20.0 Lakhs to ₹28.6 Lakhs per year, depending on experience (from 13 years to 16 years).

The top 10% of Product Development Manager at SKF earn more than ₹28.6 Lakhs per year, and the top 1% earn over ₹28.6 Lakhs per year. Product Development Manager 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 4 SKF employees in India.

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

The estimated take-home salary of a Product Development Manager at SKF in India typically ranges from ₹1,50,794 to ₹1,56,476 per month. This is based on the average salary range of ₹20.0 Lakhs to ₹28.6 Lakhs per year for employees with experience ranging from 13 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 4 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 Manager in India?

HARMAN	₹15.2 Lakhs to ₹40.0 Lakhs per year
American Express	₹20.0 Lakhs to ₹38.0 Lakhs per year
FIS	₹18.1 Lakhs to ₹35.8 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 Development Manager in companies similar to SKF in India?

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

Schaeffler India	₹8.3 Lakhs to ₹14.7 Lakhs per year
Imperial Auto Industries	₹7.5 Lakhs to ₹12.2 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 Manager at SKF in India?

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

Experience	Average Salary Range
13 years	₹18.0 Lakhs to ₹23.0 Lakhs per year
14 years	₹19.7 Lakhs to ₹25.2 Lakhs per year
15 years	₹23.6 Lakhs to ₹30.1 Lakhs per year

and so on.

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SKF Product Development Manager Salaries

SKF Product Development Manager salary in India ranges between ₹20 Lakhs to ₹28.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 SKF latest salaries received from various employees of SKF.