Spaco Technologies Product Development Engineer Salaries by 3 Employees (Updated 2025)

1 - 5 years exp.

₹2.2 Lakhs - ₹4.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

58% less than the average Product Development Engineer Salary in Automobile Companies for 1 - 5 years of experience

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Salaries in different departments

Research & Development Product Development Engineer Salary 1 - 5 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹3.5 L/yr
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Engineering - Hardware & Networks Product Development Engineer Salary 2 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5 L/yr

Last Updated: 5 Apr 2025

Companies similar to Spaco Technologies for Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Wardwizard Innovations & Mobility Product Development Engineer Salary 1 - 3 years exp. (3 salaries)	₹2.2 L/yr - ₹2.5 L/yr 31% less
Phenom Product Development Engineer Salary 1 - 4 years exp. (202 salaries)	₹6 L/yr - ₹21.2 L/yr 257% more	8 job openings
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Comviva Technology Product Development Engineer Salary 0 - 2 years exp. (194 salaries)	₹5.1 L/yr - ₹9.5 L/yr 102% more
TE Connectivity Product Development Engineer Salary 1 - 9 years exp. (140 salaries)	₹4 L/yr - ₹15 L/yr 170% more	9 job openings
HARMAN Product Development Engineer Salary 1 - 5 years exp. (85 salaries)	₹4 L/yr - ₹14 L/yr 133% more

Product Development Engineer salary at Spaco Technologies ranges between ₹2.2 Lakhs to ₹4.5 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 3 latest salaries received from various employees of Spaco Technologies.

Experience wise Spaco Technologies Product Development Engineer salaries

Last Updated: 5 Apr 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.5 L/yr
2 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
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5 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr

Similar Designation salaries in Spaco Technologies

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₹2.7 L/yr - ₹3.5 L/yr

Production Manager Salary

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Production Supervisor Salary

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₹1.7 L/yr - ₹2 L/yr

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Salary related reviews for Spaco Technologies

Junior Engineer in Pimpri-Chinchwad

Quality Assurance Department

5.0

• posted on 01 Oct 2020

3.0

for Salary and Benefits

Likes

It's too good.I was lucky that i have a good immediate supervisor. I always enjoy my working with all and accepted every challenge on any condition.

Skill development - Good

+2 more

Dislikes

To be honest my company give me a decent salary as per my work,as i have working since 3 and half year's.As Per Company policies i think it is too much cruelty.Environmental condition of company is too bad.Food in canteen is not healthy one.

Welfare Officer in Pune

Full Time

Other Department

3.0

• posted on 16 Sep 2024

3.0

for Salary and Benefits

Likes

Work Time HOD Supports Mediclaim & GPA Policy Yearly Bonus & Variable Pay Scheme Canteen Facility

Job security - Good

+2 more

Dislikes

Saturday Working Holiday Adjustments Performance Appraisal System Transport Available only for selective Places

Promotions - Poor

Graduate Engineer Trainee (Get) in Pune

Production Department

3.0

• posted on 17 Jan 2020

3.0

for Salary and Benefits

Likes

...rovided. 3. Performers have job security. 4. Vast scope in automobile sector. 5. Salary depends on our skills and experience. 6. Traveling is rare and only required in case of customer complaint. 7. Politics is a universal phenomenon. 8. Practical Learning of concepts studied in engineering. 9. Innovative techniques for continuous improvement are appreciated.

Skill development - Good

+3 more

Dislikes

1. We have to understand processes and procedures on our own. 2. Surveillance type of work environment. 3. Work life is not balanced because of rotational shifts.

QA Engineer in Pimpri-Chinchwad

Quality Assurance Department

3.0

• posted on 10 Nov 2020

1.0

for Salary and Benefits

Likes

Career begining for fresh engineer will get good experience.

Job security - Good

+1 more

Dislikes

Here lot of area chances of improvement but nobody is not interested to work on it like new project to provide customer satisfaction, also some fellows of union also not good even they don't no if cycle not going as per define standard what will be impact on product, customer &future opportunities to organization need to think top management to provide good training, also importance of executive, worker etc. Also have to wake up from once upon time&accept new competitive globe &update it.

Salary - Bad

+2 more

Junior Engineer in Pune

Process Engineering Department

5.0

• posted on 09 Jul 2020

5.0

for Salary and Benefits

Likes

Involvement in new development , they support in tough period but also take it back our leave which is not right thing

Salary - Excellent

+6 more

Dislikes

They are not offer to use new technologies and treands they are working in typical old typ documents in written nothing given to exposer to outer world

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Spaco Technologies Product Development Engineer Salary FAQs

How the salary growth look like for a Product Development Engineer at Spaco Technologies in India?

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

Experience	Average Salary Range
1 year	₹1.9 Lakhs to ₹2.5 Lakhs per year
2 years	₹4.1 Lakhs to ₹5.2 Lakhs per year
5 years	₹3.2 Lakhs to ₹4.0 Lakhs per year

and so on.

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Spaco Technologies Product Development Engineer Salaries

Spaco Technologies Product Development Engineer salary in India ranges between ₹2.2 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Spaco Technologies latest salaries received from various employees of Spaco Technologies.