SKF Product Engineer Salaries by 20+ Employees (Updated 2025)

2 - 10 years exp.

₹4.5 Lakhs - ₹15 Lakhs

Salary of majority employees

Fixed (100%)

₹9.2 Lakhs

Variable (0%)

₹0.0

11% more than the average Product Engineer Salary in Auto Components Companies for 2 - 10 years of experience

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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
Timken Product Engineer Salary 2 - 8 years exp. (16 salaries)	₹5.9 L/yr - ₹8.6 L/yr 24% 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
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
Bosch Product Engineer Salary 5 - 6 years exp. (3 salaries)	₹4.2 L/yr - ₹7.2 L/yr 30% 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

(15 salaries)

₹6.45 L/yr - ₹14.5 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

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

Application Developer Salary

(AmbitionBox Estimate)

₹11.5 L/yr - ₹14.7 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.

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

Salary - Good

+5 more

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.

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.

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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SKF Product Engineer Salary FAQs

What is the salary of Product Engineer at SKF?

Product Engineer salary at SKF in India ranges between ₹4.5 Lakhs to ₹15.0 Lakhs for experience between 2 years to 10 years. According to our estimates it is 11% more than the average Product Engineer Salary in India. Salary estimates are based on 26 latest salaries received from various employees of SKF India.

How does the salary of a Product Engineer at SKF India compare with the average salary range for this job?

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

What are the top skills required to work as a Product Engineer at SKF?

Automation Testing, Project Management, AutoCAD, Product Engineering and Automotive Engineering are some of the popular skills required to work as a Product Engineer at SKF India.

Which similar companies are paying more than SKF to a Product Engineer in India?

Endurance Technologies Product Engineer Salary - ₹0.3 Lakhs to ₹50.0 Lakhs per year

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

Magna International Product Engineer Salary - ₹3.6 Lakhs to ₹12.0 Lakhs per year
Timken Product Engineer Salary - ₹5.9 Lakhs to ₹8.6 Lakhs per year
Bosch Product Engineer Salary - ₹4.2 Lakhs to ₹7.2 Lakhs per year
JBM Group Product Engineer Salary - ₹3.6 Lakhs to ₹4.2 Lakhs per year
Steel Strips Wheels Product Engineer Salary - ₹3.0 Lakhs to ₹4.0 Lakhs per year

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 ranges between ₹66,757 per month to ₹68,465 per month in India. The take-home salary calculation is based on the average SKF Product Engineer salary in India which ranges between ₹4.5 Lakhs to ₹15.0 Lakhs per year for employees with experience between 2 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Product Engineer at SKF?

According to AmbitionBox, 71% of the SKF Product Engineers reported a notice period of 2 Months, 22% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 14 responses on AmbitionBox in last 2 years.

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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.