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Spark Minda new Product Development Engineer salaries in India

Annual salary range
2 - 4 years exp.
₹3 Lakhs - ₹4.2 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
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Monthly In-hand Salary

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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)
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₹3 L/yr - ₹4 L/yr

Quality Assurance
new Product Development Engineer Salary
4 years exp. (AmbitionBox Estimate)
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₹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
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₹1.8 L/yr - ₹5 L/yr

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₹1.8 L/yr - ₹5.7 L/yr

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₹1.8 L/yr - ₹4.4 L/yr

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₹2.1 L/yr - ₹5.2 L/yr

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₹1.6 L/yr - ₹7 L/yr

arrow icon 57% more
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₹3.9 L/yr - ₹5.6 L/yr

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₹1.7 L/yr - ₹4.8 L/yr

arrow icon 12% more
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₹3 L/yr - ₹4.6 L/yr

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₹3.3 L/yr - ₹6.5 L/yr

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₹2.8 L/yr - ₹4.8 L/yr

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₹1.8 L/yr - ₹4.5 L/yr

arrow icon 5% less
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₹3.2 L/yr - ₹11.3 L/yr

arrow icon 146% more
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₹1.7 L/yr - ₹3.5 L/yr

arrow icon 12% more
Logo
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₹2.6 L/yr - ₹9.2 L/yr

arrow icon 81% more
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₹2.4 L/yr - ₹9 L/yr

arrow icon 56% more
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₹2.8 L/yr - ₹4.2 L/yr

arrow icon 22% more
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SKF new Product Development Engineer Salary

1 - 3 years exp. (4 salaries)

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₹2.1 L/yr - ₹3 L/yr

arrow icon 19% less
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₹5 L/yr - ₹8 L/yr

arrow icon 112% more
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₹1.5 L/yr - ₹3.5 L/yr

arrow icon 2% less
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₹3.6 L/yr - ₹5 L/yr

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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
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4 years exp.
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4 years exp.
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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)

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₹1.1 L/yr - ₹3.3 L/yr
3 years (AmbitionBox Estimate)

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₹1.2 L/yr - ₹3.6 L/yr
4 years  (3 salaries)

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₹1.4 L/yr - ₹4.2 L/yr

Similar Designation salaries in Spark Minda

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₹2 L/yr - ₹6.35 L/yr
Product Engineer Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr
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₹3.2 L/yr - ₹9.7 L/yr
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₹2.8 L/yr - ₹6.5 L/yr
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₹4.85 L/yr - ₹12.5 L/yr
Production Officer Salary
(AmbitionBox Estimate)
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₹2 L/yr - ₹2.5 L/yr
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₹1.8 L/yr - ₹3.1 L/yr
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₹8 L/yr - ₹18.5 L/yr
Design Engineer Salary
(148 salaries)
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₹1.2 L/yr - ₹7.5 L/yr
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₹1.15 L/yr - ₹4.35 L/yr

Salary related reviews for Spark Minda

4.0

Rated by 1 employees for salary & benefits

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.

read more
  • 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.

read more
  • Skill development - Poor
  • +3 more

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.

read more
  • Salary - Excellent
  • +6 more

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.

read more
  • 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

read more

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.

read more
  • Salary - Good
  • +2 more

Dislikes

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

read more
  • Promotions - Poor

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.

read more
  • Skill development - Excellent
  • +4 more

Dislikes

Job security and salary.

see more salary related reviews

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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
Magna International ₹2.8 Lakhs to ₹4.2 Lakhs per year
JBM Group ₹1.8 Lakhs to ₹5.7 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.

Tell us how to improve this page.

Spark Minda new Product Development Engineer salary in India ranges between ₹3 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Spark Minda latest salaries received from various employees of Spark Minda.