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SPHOORTI MACHINE TOOLS Senior New Product Development Engineer salaries in India

Annual salary range
8 - 12 years exp.
₹8 Lakhs - ₹11.7 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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94% more than the average Senior New Product Development Engineer Salary in Industrial Machinery Companies for 8 - 12 years of experience

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Last Updated: 28 Feb 2024

Companies similar to SPHOORTI MACHINE TOOLS for Senior New Product Development Engineer

Company name Avg Annual Salary Open Jobs
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₹4.5 L/yr - ₹5 L/yr

arrow icon 53% less
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₹6.3 L/yr - ₹7 L/yr

arrow icon 39% less
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₹7 L/yr - ₹10 L/yr

arrow icon 17% less
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₹4.6 L/yr - ₹8.2 L/yr

arrow icon 44% less
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₹3 L/yr - ₹5.7 L/yr

arrow icon 59% less
Senior New Product Development Engineer salary at SPHOORTI MACHINE TOOLS ranges between ₹8 Lakhs to ₹11.7 Lakhs per year for employees with experience between 8 years to 12 years. Salary estimates are based on 4 latest salaries received from various employees of SPHOORTI MACHINE TOOLS.

Latest annual salaries shared by SPHOORTI MACHINE TOOLS Senior New Product Development Engineer

11mo ago
₹11.7 Lakhs
12 years exp.
1y ago
₹11.7 Lakhs
11 years exp.
1y ago
₹10.5 Lakhs
9 years exp.
1y ago
₹8 Lakhs
8 years exp.

Experience wise SPHOORTI MACHINE TOOLS Senior New Product Development Engineer salaries

Last Updated: 28 Feb 2024

Experience Avg Annual Salary
8 years (AmbitionBox Estimate)

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₹7.2 L/yr - ₹9.2 L/yr
9 years (AmbitionBox Estimate)

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₹9.4 L/yr - ₹12 L/yr
11 years (AmbitionBox Estimate)

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₹10.6 L/yr - ₹13.5 L/yr
12 years (AmbitionBox Estimate)

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₹10.6 L/yr - ₹13.5 L/yr

Similar Designation salaries in SPHOORTI MACHINE TOOLS

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₹1.9 L/yr - ₹2.4 L/yr
Development Engineer Salary
(AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.8 L/yr
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₹7 L/yr - ₹10.5 L/yr
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₹2 L/yr - ₹3.5 L/yr
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₹2 L/yr - ₹3.2 L/yr
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₹15 L/yr - ₹15.8 L/yr
Design Engineer Salary
(19 salaries)
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₹4 L/yr - ₹10 L/yr
Mechanical Engineer Salary
(AmbitionBox Estimate)
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₹1 L/yr - ₹1.3 L/yr
Quality Engineer Salary
(AmbitionBox Estimate)
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₹2.2 L/yr - ₹2.8 L/yr

Salary related reviews for SPHOORTI MACHINE TOOLS

Production Department

1.0
  •  posted on 03 May 2021

1.0
 for  Salary and Benefits

Likes

Working here is terrible,

Dislikes

There is a lot of politics and the management here is more than a worse salary is also not decent, HR department is least bothered about the employees problems very lazy HR department, very dominating TL's and managers, not a place to grow .

read more
  • Salary - Bad
  • +6 more

Production, Manufacturing & Engineering Department

4.0
  •  posted on 16 Nov 2020

2.0
 for  Salary and Benefits

Likes

They have taken all precautionary measures to safeguard the employees and staffs. They are successfully executing the guidelines given by the government for employees welfare.

read more
  • Skill development - Good
  • +1 more

Dislikes

For a person if he work properly correct salary should be given and for every year increment has to be made but first they will say you they will give this much of salary and these all benefits you get ,as once you entered and start working there. they will not fulfill the words they have given for you. This not the right thing. They should not give false statements what they are giving they should tell correctly.

read more
  • Salary - Poor
  • +1 more
see more salary related reviews

SPHOORTI MACHINE TOOLS Senior New Product Development Engineer Salary FAQs

What is the salary of Senior New Product Development Engineer at SPHOORTI MACHINE TOOLS ?
The average salary of a Senior New Product Development Engineer at SPHOORTI MACHINE TOOLS in India typically ranges from ₹8.0 Lakhs to ₹11.7 Lakhs per year, depending on experience (from 8 years to 12 years).

The top 10% of Senior New Product Development Engineer at SPHOORTI MACHINE TOOLS earn more than ₹11.7 Lakhs per year, and the top 1% earn over ₹11.7 Lakhs per year. Senior New Product Development Engineer Salaries at SPHOORTI MACHINE TOOLS 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 4 SPHOORTI MACHINE TOOLS employees in India.
What is the estimated take home salary of a Senior New Product Development Engineer at SPHOORTI MACHINE TOOLS in India?
The estimated take-home salary of a Senior New Product Development Engineer at SPHOORTI MACHINE TOOLS in India typically ranges from ₹75,351 to ₹77,303 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹11.7 Lakhs per year for employees with experience ranging from 8 years to 12 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 4 salaries received from various employees of SPHOORTI MACHINE TOOLS. Check how we calculate in-hand salary with our in-hand salary calculator.
What is the salary of a Senior New Product Development Engineer in companies similar to SPHOORTI MACHINE TOOLS in India?
The salary of a Senior New Product Development Engineer at companies similar to SPHOORTI MACHINE TOOLS in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

OPPO ₹7.0 Lakhs to ₹10.0 Lakhs per year
Sundaram Auto Components ₹6.3 Lakhs to ₹7.0 Lakhs per year
Amma Alloy ₹4.6 Lakhs to ₹8.2 Lakhs per year
Hi Tech Gears ₹4.5 Lakhs to ₹5.0 Lakhs per year
DAVI ENGINEERING ₹3.0 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 Senior New Product Development Engineer at SPHOORTI MACHINE TOOLS in India?
The salary growth for a Senior New Product Development Engineer at SPHOORTI MACHINE TOOLS depends on factors such as experience, performance, and promotions. On average, a Senior New Product Development Engineer can expect the following growth trajectory at SPHOORTI MACHINE TOOLS:

Experience Average Salary Range
8 years ₹7.2 Lakhs to ₹9.2 Lakhs per year
9 years ₹9.4 Lakhs to ₹12.0 Lakhs per year
11 years ₹10.6 Lakhs to ₹13.5 Lakhs per year
12 years ₹10.6 Lakhs to ₹13.5 Lakhs per year
and so on.

Tell us how to improve this page.

SPHOORTI MACHINE TOOLS Senior New Product Development Engineer salary in India ranges between ₹8 Lakhs to ₹11.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 SPHOORTI MACHINE TOOLS latest salaries received from various employees of SPHOORTI MACHINE TOOLS.