Spark Minda new Product Development Engineer Salaries by 6 Employees

2 - 4 years exp.

₹3 Lakhs - ₹4.2 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

24% 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
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Quality Assurance new Product Development Engineer Salary 4 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹4.2 L/yr

Last Updated: 24 Feb 2024

Companies similar to Spark Minda for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 8% more
JBM Group new Product Development Engineer Salary 0 - 8 years exp. (34 salaries)	₹1.8 L/yr - ₹5.7 L/yr 21% more
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Imperial Auto Industries new Product Development Engineer Salary 1 - 12 years exp. (20 salaries)	₹1.8 L/yr - ₹4.4 L/yr 11% more
Sharda Motor Industries new Product Development Engineer Salary 0 - 5 years exp. (13 salaries)	₹2.1 L/yr - ₹5.2 L/yr 4% more
Pricol new Product Development Engineer Salary 1 - 9 years exp. (11 salaries)	₹1.6 L/yr - ₹7 L/yr 57% more
Bharat Forge new Product Development Engineer Salary 3 - 8 years exp. (10 salaries)	₹3.9 L/yr - ₹5.6 L/yr 60% more
TVS Sundram Fasteners new Product Development Engineer Salary 0 - 7 years exp. (8 salaries)	₹2.1 L/yr - ₹6.8 L/yr 28% 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
Sandhar Technologies new Product Development Engineer Salary 0 - 6 years exp. (6 salaries)	₹2.8 L/yr - ₹4.8 L/yr 8% more
Lumax Industries new Product Development Engineer Salary 0 - 4 years exp. (6 salaries)	₹1.8 L/yr - ₹4.5 L/yr 5% less
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Sundaram Clayton new Product Development Engineer Salary 4 - 17 years exp. (5 salaries)	₹3.2 L/yr - ₹11.3 L/yr 146% 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
Sl Lumax new Product Development Engineer Salary 1 - 6 years exp. (4 salaries)	₹2.4 L/yr - ₹9 L/yr 56% 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
Endurance Technologies new Product Development Engineer Salary 1 - 5 years exp. (3 salaries)	₹1.5 L/yr - ₹3.5 L/yr 2% less
Gabriel India new Product Development Engineer Salary 3 - 8 years exp. (3 salaries)	₹3.6 L/yr - ₹5 L/yr 32% 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.

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
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4 years (3 salaries)	₹1.4 L/yr - ₹4.2 L/yr

Similar Designation salaries in Spark Minda

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(136 salaries)

₹2 L/yr - ₹6.15 L/yr

Product Engineer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Senior Design Engineer Salary

(48 salaries)

₹3.2 L/yr - ₹9.7 L/yr

Project Engineer Salary

(3 salaries)

₹2.8 L/yr - ₹6.5 L/yr

Senior Software Engineer Salary

(9 salaries)

₹4.85 L/yr - ₹12.5 L/yr

Production Officer Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Assistant Engineer Salary

(14 salaries)

₹1.8 L/yr - ₹3.1 L/yr

Production Manager Salary

(34 salaries)

₹8 L/yr - ₹18.5 L/yr

Design Engineer Salary

(143 salaries)

₹1.35 L/yr - ₹8.35 L/yr

Mechanical Engineer Salary

(16 salaries)

₹1.15 L/yr - ₹4.35 L/yr

Salary related reviews for Spark Minda

4.0

Rated by 1 employees for salary & benefits

Software Developer in Pune

Full Time

Engineering - Software & QA Department

3.0

• posted on 26 Jun 2023

3.0

for Salary and Benefits

Likes

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.

Job security - Good

Dislikes

... will demand great things from you but no great projects to work no recognition. They will increase salary of favourite people anytime. Some people have no work and enjoy good time and some people keep slogging. No project management process followed. Tried reaching HR but they are also leaving.

Skill development - Poor

+3 more

Quality Engineer in Pune

Full Time

Research & Development Department

5.0

• posted on 09 Apr 2021

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

Quality Engineer in Greater Noida Uttar Pradesh

Quality Assurance Department

4.0

• posted on 20 Jun 2020

4.0

for Salary and Benefits

Likes

The company is open to innovation and readily adoptes latest technology.high quality products and has a global client base.

Salary - Good

+4 more

Dislikes

Compensation is decent,but growth is very poor.the work pressure is very high.sometimes , I have to work 10 -12 hours straight in a day..there is no on-job training for freshers,hence senior folks like me have to guide them step-by-step, which is a pain some time d

Quality Engineer in Pune

Production, Manufacturing & Engineering Department

5.0

• posted on 02 Dec 2019

4.0

for Salary and Benefits

Likes

The company is open innovation and readily adopts latest technology. I love the fact that I Am a part of a team that markets reliable,high-quality product and has a global Client base.

Salary - Good

+2 more

Dislikes

Compensation is decent, but growth is slow. The work pressure is very high.

Promotions - Poor

Production Engineer in Greater Noida

Production Department

4.0

• posted on 15 Aug 2018

3.0

for Salary and Benefits

Likes

I am working in minda corporation Ltd from above one year. Company has good learning invironment but salary and company working policies are not as good as required for comfort working.

Skill development - Excellent

+4 more

Dislikes

Job security and salary.

see more salary related reviews

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Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

115 participants . poll closed

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Spark Minda new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Spark Minda ?

The average salary of a new Product Development Engineer at Spark Minda in India typically ranges from ₹3.0 Lakhs to ₹4.2 Lakhs per year, depending on experience (from 2 years to 4 years).

The top 10% of new Product Development Engineer at Spark Minda earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹4.2 Lakhs per year. new Product Development Engineer Salaries at Spark Minda 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 6 Spark Minda employees in India.

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 in India typically ranges from ₹22,172 to ₹23,653 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹4.2 Lakhs per year for employees with experience ranging from 2 years to 4 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 6 salaries received from various employees of Spark Minda. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Spark Minda for new Product Development Engineer in India?

Sundaram Clayton	₹3.2 Lakhs to ₹11.3 Lakhs per year
DENSO	₹5.0 Lakhs to ₹8.0 Lakhs per year
Subros	₹2.6 Lakhs to ₹9.2 Lakhs per year
Bharat Forge	₹3.9 Lakhs to ₹5.6 Lakhs per year
Pricol	₹1.6 Lakhs to ₹7.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Spark Minda, depending on the role and experience level.

What is the salary of a new Product Development Engineer in companies similar to Spark Minda in India?

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

Sl Lumax	₹2.4 Lakhs to ₹9.0 Lakhs per year
CIE Automotive	₹3.3 Lakhs to ₹6.5 Lakhs per year
Gabriel India	₹3.6 Lakhs to ₹5.0 Lakhs per year
TVS Sundram Fasteners	₹2.1 Lakhs to ₹6.8 Lakhs per year
Magna International	₹2.8 Lakhs to ₹4.2 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 new Product Development Engineer at Spark Minda in India?

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

Experience	Average Salary Range
2 years	₹1.1 Lakhs to ₹3.3 Lakhs per year
3 years	₹1.2 Lakhs to ₹3.6 Lakhs per year
4 years	₹1.4 Lakhs to ₹4.2 Lakhs per year

and so on.

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Spark Minda new Product Development Engineer Salaries

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.