Stefen Electric new Product Development Engineer Salaries by 3 Employees (Updated 2025)

3 - 5 years exp.

₹5 Lakhs - ₹7 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

47% more than the average new Product Development Engineer Salary for 3 - 5 years of experience

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Last Updated: 26 Jan 2025

Companies similar to Stefen Electric for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Caparo Engineering India new Product Development Engineer Salary 0 - 4 years exp. (7 salaries)	₹1.4 L/yr - ₹3.2 L/yr 67% less
Seoyon E-hwa Automotive new Product Development Engineer Salary 4 - 11 years exp. (3 salaries)	₹3.4 L/yr - ₹5.9 L/yr 25% less
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INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (69 salaries)	₹2.7 L/yr - ₹5.5 L/yr 33% less
L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 45% less
JBM Group new Product Development Engineer Salary 0 - 8 years exp. (34 salaries)	₹1.8 L/yr - ₹5.7 L/yr 38% less

new Product Development Engineer salary at Stefen Electric ranges between ₹5 Lakhs to ₹7 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 3 latest salaries received from various employees of Stefen Electric.

Experience wise Stefen Electric new Product Development Engineer salaries

Last Updated: 26 Jan 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
4 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
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5 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr

Similar Designation salaries in Stefen Electric

Production Engineer Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Quality Engineer Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹3 L/yr

Technical Lead Salary

(AmbitionBox Estimate)

₹15.1 L/yr - ₹19.3 L/yr

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Stefen Electric new Product Development Engineer Salary FAQs

How the salary growth look like for a new Product Development Engineer at Stefen Electric in India?

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

Experience	Average Salary Range
3 years	₹4.5 Lakhs to ₹5.8 Lakhs per year
4 years	₹5.4 Lakhs to ₹6.9 Lakhs per year
5 years	₹6.3 Lakhs to ₹8.0 Lakhs per year

and so on.

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Stefen Electric new Product Development Engineer Salaries

Stefen Electric new Product Development Engineer salary in India ranges between ₹5 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Stefen Electric latest salaries received from various employees of Stefen Electric.