SKF Product Engineer Salaries by 20+ Employees

2 - 10 years exp.

₹4.5 Lakhs - ₹15 Lakhs

Salary of majority employees

Fixed (100%)

₹9.2 Lakhs

Variable (0%)

₹0.0

9% more than the average Product Engineer Salary in Auto Components Companies for 2 - 10 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

Research & Development Product Engineer Salary 2 - 10 years exp. (22 salaries)	₹4.3 L/yr - ₹15 L/yr
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Production, Manufacturing & Engineering Product Engineer Salary 4 - 8 years exp. (4 salaries)	₹4.5 L/yr - ₹9.4 L/yr

Last Updated: 28 Dec 2024

Companies similar to SKF for Product Engineer

Company name	Avg Annual Salary	Open Jobs
Lear Corporation Product Engineer Salary 1 - 9 years exp. (29 salaries)	₹4.5 L/yr - ₹14 L/yr 8% less
Magna International Product Engineer Salary 0 - 7 years exp. (9 salaries)	₹3.6 L/yr - ₹12 L/yr 12% less
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Endurance Technologies Product Engineer Salary 15 years exp. (4 salaries)	₹0.3 L/yr - ₹50 L/yr 62% more
Sharda Motor Industries Product Engineer Salary 1 - 13 years exp. (4 salaries)	₹3 L/yr - ₹17.8 L/yr 5% more
TVS Sundram Fasteners Product Engineer Salary 4 - 5 years exp. (4 salaries)	₹3.2 L/yr - ₹4 L/yr 62% less
Steel Strips Wheels Product Engineer Salary 3 - 6 years exp. (4 salaries)	₹3 L/yr - ₹4 L/yr 60% less
JBM Group Product Engineer Salary 0 - 7 years exp. (3 salaries)	₹3.6 L/yr - ₹4.2 L/yr 59% less
Sona Comstar Product Engineer Salary 4 - 6 years exp. (3 salaries)	₹4.8 L/yr - ₹5.9 L/yr 41% less

Product Engineer salary at SKF ranges between ₹4.5 Lakhs to ₹15 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 26 latest salaries received from various employees of SKF.

Experience wise SKF Product Engineer salaries

Last Updated: 28 Dec 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3 L/yr - ₹14.3 L/yr
3 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹12.3 L/yr
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4 years (7 salaries)	₹4.5 L/yr - ₹10 L/yr
5 years (7 salaries)	₹5 L/yr - ₹14 L/yr
6 years (AmbitionBox Estimate)	₹5 L/yr - ₹16.5 L/yr
7 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹15 L/yr
8 years (4 salaries)	₹7.1 L/yr - ₹13.1 L/yr
9 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.6 L/yr
10 years (AmbitionBox Estimate)	₹9 L/yr - ₹18.7 L/yr

View all

Similar Designation salaries in SKF

Project Engineer Salary

(11 salaries)

₹2.75 L/yr - ₹6.77 L/yr

Lead Engineer Salary

(7 salaries)

₹14 L/yr - ₹22.67 L/yr

Senior Engineer Salary

(10 salaries)

₹6.45 L/yr - ₹14 L/yr

Software Engineer Salary

(3 salaries)

₹15 L/yr - ₹50 L/yr

Senior Software Engineer Salary

(4 salaries)

₹12 L/yr - ₹22.1 L/yr

Web Developer Salary

(AmbitionBox Estimate)

₹10.8 L/yr - ₹13.8 L/yr

Team Lead Salary

(18 salaries)

₹1.75 L/yr - ₹6 L/yr

Technical Lead Salary

(3 salaries)

₹8 L/yr - ₹17.6 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹3.7 L/yr - ₹4.7 L/yr

Software Developer Salary

(AmbitionBox Estimate)

₹10.8 L/yr - ₹13.8 L/yr

Top skills at SKF for Product Engineer

Automation Testing Project Management AutoCAD Product Engineering Automotive Engineering PLM Automotive Manufacturing Process Metallurgy Mechatronics Automation Testing Project Management Mechatronics Product Engineering PLM Teamcenter

Salary related reviews for SKF

2.0

Rated by 7 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

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 Engineer Salary FAQs

What is the salary of Product Engineer at SKF ?

The average salary of a Product Engineer at SKF in India typically ranges from ₹4.5 Lakhs to ₹15.0 Lakhs per year, depending on experience (from 2 years to 10 years).

The top 10% of Product Engineer at SKF earn more than ₹13.0 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Product 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 20+ SKF employees in India.

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

The estimated take-home salary of a Product Engineer at SKF in India typically ranges from ₹66,757 to ₹68,465 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from 2 years to 10 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 20+ salaries received from various employees of SKF. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Product Engineer at SKF ?

To be a Product Engineer at SKF in india, the key skills required include:

- Automation Testing
- Project Management
- AutoCAD
- Product Engineering
- Automotive Engineering

These skills are highly valued at SKF and are crucial for successful performance in a Software Engineering role.

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

Endurance Technologies	₹0.3 Lakhs to ₹50.0 Lakhs per year
Sharda Motor Industries	₹3.0 Lakhs to ₹17.8 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 Engineer in companies similar to SKF in India?

The salary of a Product 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	₹4.5 Lakhs to ₹14.0 Lakhs per year
Magna International	₹3.6 Lakhs to ₹12.0 Lakhs per year
Sona Comstar	₹4.8 Lakhs to ₹5.9 Lakhs per year
JBM Group	₹3.6 Lakhs to ₹4.2 Lakhs per year
Steel Strips Wheels	₹3.0 Lakhs to ₹4.0 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 Engineer at SKF in India?

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

Experience	Average Salary Range
2 years	₹3.0 Lakhs to ₹14.3 Lakhs per year
3 years	₹3.3 Lakhs to ₹12.3 Lakhs per year
4 years	₹4.5 Lakhs to ₹10.0 Lakhs per year
5 years	₹5.0 Lakhs to ₹14.0 Lakhs per year

and so on.

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SKF Product Engineer Salaries

SKF Product Engineer salary in India ranges between ₹4.5 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 26 SKF latest salaries received from various employees of SKF.