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Nothing great to say. Its barely average company to join. HR trying to bring new policies but they dont have any say. HR also keep changing.
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Annual salary range
2 - 4 years exp.
₹3
Lakhs - ₹4.2
Lakhs
Low Confidence 
Low confidence means that this average salary is based on data that was reported by very few people.
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detailed salary insights 
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary23% less than the average new Product Development Engineer Salary in Auto Components Companies for 2 - 4 years of experience
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Salaries in different departments
Production, Manufacturing & Engineering
new Product Development Engineer Salary
2 - 4
years
exp.
(5
salaries)
|  ₹3 L/yr - ₹4 L/yr |
Login to view exact salary
| |
Quality Assurance
new Product Development Engineer Salary
4
years
exp.
(AmbitionBox Estimate)
| ₹2.3 L/yr - ₹4.2 L/yr |
Companies similar to Spark Minda for new Product Development Engineer
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 Bharat Forge new Product Development Engineer Salary
3 - 8 years exp. (10 salaries) | ₹3.9 L/yr - ₹5.6 L/yr 
60%
more | |
 Samvardhana Motherson Group new Product Development Engineer Salary
1 - 4 years exp. (6 salaries) | ₹2.5 L/yr - ₹3.5 L/yr
1%
more | |
Login to view exact salary
| ||
 Endurance Technologies new Product Development Engineer Salary
1 - 5 years exp. (3 salaries) | ₹1.5 L/yr - ₹3.5 L/yr 
2%
less | |
 Suprajit Engineering new Product Development Engineer Salary
1 - 8 years exp. (5 salaries) | ₹3.5 L/yr - ₹5.5 L/yr
48%
more | |
 TVS Sundram Fasteners new Product Development Engineer Salary
0 - 10 years exp. (8 salaries) | ₹1.7 L/yr - ₹4.8 L/yr
12%
more | |
 UNO Minda new Product Development Engineer Salary
1 - 6 years exp. (17 salaries) | ₹2 L/yr - ₹6.6 L/yr
43%
more | |
 Varroc Group new Product Development Engineer Salary
0 - 12 years exp. (9 salaries) | ₹2.4 L/yr - ₹7 L/yr
49%
more | |
 L.G.Balakrishnan & Bros new Product Development Engineer Salary
0 - 8 years exp. (42 salaries) | ₹2.1 L/yr - ₹5 L/yr
11%
more | |
 JBM Group new Product Development Engineer Salary
1 - 8 years exp. (32 salaries) | ₹2.3 L/yr - ₹5.7 L/yr
26%
more | |
 Imperial Auto Industries new Product Development Engineer Salary
1 - 12 years exp. (20 salaries) | ₹1.8 L/yr - ₹4.4 L/yr
14%
more | |
 Pricol new Product Development Engineer Salary
1 - 9 years exp. (11 salaries) | ₹1.6 L/yr - ₹7 L/yr
57%
more | |
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| ||
 Sandhar Technologies new Product Development Engineer Salary
0 - 6 years exp. (6 salaries) | ₹2.8 L/yr - ₹4.8 L/yr
8%
more | |
 Steel Strips Wheels new Product Development Engineer Salary
3 - 6 years exp. (7 salaries) | ₹3 L/yr - ₹4.6 L/yr
6%
more | |
 CIE Automotive new Product Development Engineer Salary
2 - 8 years exp. (7 salaries) | ₹3.3 L/yr - ₹6.5 L/yr
32%
more | |
 Lumax Industries new Product Development Engineer Salary
1 - 3 years exp. (6 salaries) | ₹2.7 L/yr - ₹3.6 L/yr
4%
more | |
 Asahi India Glass new Product Development Engineer Salary
1 - 2 years exp. (5 salaries) | ₹1.7 L/yr - ₹3.5 L/yr
12%
more | |
 Subros new Product Development Engineer Salary
3 - 14 years exp. (5 salaries) | ₹2.6 L/yr - ₹9.2 L/yr
81%
more | |
 Magna International new Product Development Engineer Salary
2 - 8 years exp. (4 salaries) | ₹2.8 L/yr - ₹4.2 L/yr
22%
more | |
 SKF new Product Development Engineer Salary
1 - 3 years exp. (4 salaries) | ₹2.1 L/yr - ₹3 L/yr
19%
less | |
 DENSO new Product Development Engineer Salary
2 - 9 years exp. (4 salaries) | ₹5 L/yr - ₹8 L/yr
112%
more | |
View all
new Product Development Engineer salary at Spark Minda ranges between ₹3
Lakhs
to ₹4.2
Lakhs
per year for employees with experience between 2 years to 4 years. Salary
estimates are based on
6 latest salaries received
from various employees of Spark Minda.
Latest annual salaries shared by Spark Minda new Product Development Engineer
10mo ago
4
years
exp.
1y ago
4
years
exp.
1y ago
2
years
exp.
1y ago
3
years
exp.
1y ago
2
years
exp.
1y ago
4
years
exp.
Experience wise Spark Minda new Product Development Engineer salaries
Last Updated: 24 Feb 2024
| Experience | Avg Annual Salary |
|---|---|
| 2 years (AmbitionBox Estimate) |
₹1.1
L/yr
- ₹3.3
L/yr
|
| 3 years (AmbitionBox Estimate) |
₹1.2
L/yr
- ₹3.6
L/yr
|
Login to view exact salary
| |
| 4 years (3 salaries) |
₹1.4
L/yr
- ₹4.2
L/yr
|
Similar Designation salaries in Spark Minda
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2w (edited)
a social media specialist
Salary Expectations
I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards.
I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high.
What should be the ideal salary expectation for someone with my experience in the current market?
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Spark Minda new Product Development Engineer Salary FAQs
What is the salary of new Product Development Engineer at Spark Minda?
new Product Development Engineer salary at Spark Minda in India ranges between ₹3.0 Lakhs to ₹4.2 Lakhs for experience between 2 years to 4 years. According to our estimates it is 23% less than the average new Product Development Engineer Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Spark Minda India.
How does the salary of a new Product Development Engineer at Spark Minda India compare with the average salary range for this job?
The average salary of a new Product Development Engineer at Spark Minda is 23% less than the average salary of a new Product Development Engineer in India. To know exact salary insights, login to view.
Which similar companies are paying more than Spark Minda to a new Product Development Engineer in India?
- DENSO new Product Development Engineer Salary - ₹5.0 Lakhs to ₹8.0 Lakhs per year
- Subros new Product Development Engineer Salary - ₹2.6 Lakhs to ₹9.2 Lakhs per year
- Bharat Forge new Product Development Engineer Salary - ₹3.9 Lakhs to ₹5.6 Lakhs per year
- Pricol new Product Development Engineer Salary - ₹1.6 Lakhs to ₹7.0 Lakhs per year
- Varroc Group new Product Development Engineer Salary - ₹2.4 Lakhs to ₹7.0 Lakhs per year
What is the salary of a new Product Development Engineer in companies similar to Spark Minda in India?
- Suprajit Engineering new Product Development Engineer Salary - ₹3.5 Lakhs to ₹5.5 Lakhs per year
- UNO Minda new Product Development Engineer Salary - ₹2.0 Lakhs to ₹6.6 Lakhs per year
- CIE Automotive new Product Development Engineer Salary - ₹3.3 Lakhs to ₹6.5 Lakhs per year
- Gabriel India new Product Development Engineer Salary - ₹3.6 Lakhs to ₹5.0 Lakhs per year
- JBM Group new Product Development Engineer Salary - ₹2.3 Lakhs to ₹5.7 Lakhs per year
What is the estimated take home salary of a new Product Development Engineer at Spark Minda in India?
The estimated take-home salary of a new Product Development Engineer at Spark Minda ranges between ₹22,172 per month to ₹23,653 per month in India. The take-home salary calculation is based on the average Spark Minda new Product Development Engineer salary in India which ranges between ₹3.0 Lakhs to ₹4.2 Lakhs per year for employees with experience between 2 years to 4 years. Check how did we calculate take home salary?
What is the notice period for new Product Development Engineer at Spark Minda?
According to AmbitionBox, 60% of the Spark Minda new Product Development Engineers reported a notice period of 1 Month, 20% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 5 responses on AmbitionBox in last 2 years.
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Spark Minda new Product Development Engineer salary
in
India
ranges between ₹3
Lakhs to ₹4.2
Lakhs with an average annual salary of
₹. Salary estimates are based on
6
Spark Minda latest salaries received from various employees of
Spark Minda.