Stovekraft new Product Development Engineer Salaries by 6 Employees (Updated 2025)

1 - 7 years exp.

₹3 Lakhs - ₹5 Lakhs

Low Confidence

Salary of majority employees

6% less than the average new Product Development Engineer Salary in Consumer Electronics & Appliances Companies for 1 - 7 years of experience

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Last Updated: 4 Feb 2025

Companies similar to Stovekraft for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Bajaj Electricals new Product Development Engineer Salary 8 - 10 years exp. (3 salaries)	₹12.1 L/yr - ₹13.6 L/yr 238% more
Havells new Product Development Engineer Salary 1 - 7 years exp. (4 salaries)	₹5.5 L/yr - ₹8.6 L/yr 74% more
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Whirlpool new Product Development Engineer Salary 1 - 6 years exp. (9 salaries)	₹2 L/yr - ₹7.8 L/yr 24% more
LG Electronics new Product Development Engineer Salary 3 - 5 years exp. (4 salaries)	₹7.2 L/yr - ₹15.8 L/yr 184% more
IFB new Product Development Engineer Salary 5 - 10 years exp. (4 salaries)	₹5.5 L/yr - ₹7.8 L/yr 69% more
Daikin new Product Development Engineer Salary 3 - 5 years exp. (4 salaries)	₹3.5 L/yr - ₹7 L/yr 21% more
Haier Appliances India new Product Development Engineer Salary 0 - 3 years exp. (4 salaries)	₹3.5 L/yr - ₹4 L/yr 1% more

new Product Development Engineer salary at Stovekraft ranges between ₹3 Lakhs to ₹5 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 6 latest salaries received from various employees of Stovekraft.

Experience wise Stovekraft new Product Development Engineer salaries

Last Updated: 4 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3 L/yr - ₹6.1 L/yr
2 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹6.3 L/yr
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3 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
4 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.9 L/yr
6 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹5 L/yr
7 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹5 L/yr

View all

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Salary related reviews for Stovekraft

3.0

Rated by 2 employees for salary & benefits

Accounts & Finance Executive in Baddi

Full Time

Finance & Accounting Department

4.0

• posted on 26 May 2022

2.0

for Salary and Benefits

Likes

...am members are very supportive. top management is not good. no company policies. no job security, salary is also not good. no career growth. only good for freshers. staff is very nice and supportive. only 2-3 people in top management has created all the mess in this baddi plant otherwise company would be very good.

Company culture - Good

+1 more

Dislikes

2-3 people in top management making all the employee suffering. also no facilities- no food no transport etc. nothing

Salary - Poor

+3 more

Territory Sales Manager in Ahmedabad

Full Time

Sales & Business Development Department

1.0

• posted on 11 Jul 2024

2.0

for Salary and Benefits

Likes

Salary on time

Dislikes

Fix Expianse 300 per day No Appricel No Promotion 24 months Senior false commitment Sales policy after sales support zero HR just make salary n FF Employee voice no one listen Employee notice period just on paper Everything closed within 24 hour by single mail. Employee feadback and alumani Portal missing......l You just cut to company ..no connection ....

Salary - Poor

+6 more

SAP Executive

Marketing & Communication Department

3.0

• posted on 28 Feb 2020

2.0

for Salary and Benefits

Likes

The company is open to innovation and adopts latest technology, this company have good culture and there is now poor opportunities for career growth, there is lac of challenges and risk in the work field.

Skill development - Good

+1 more

Dislikes

Compensation is decent, but growth is slow. the work pressure is high sometimes..

Salary - Poor

+1 more

State Head-west Bengal in Kolkata

Other Department

1.0

• posted on 24 Mar 2021

1.0

for Salary and Benefits

Likes

Nothing..everything is wrost....not provide salary on time....no policy .....no business sense

Dislikes

salary not given on time never...Company owner has no business sense...typical marwari culture..no innovation,,,does not beleive on after sales service...company is in huge debt...do not join ...or else your future will be destroyed.

Salary - Bad

+5 more

State Head- West Bengal in Nagpur

Other Department

2.0

• posted on 20 Sep 2019

3.0

for Salary and Benefits

Likes

Company dont have any fixed salary and expense reimbursement date...they will provide based their financial position for that partcular month..

Work-life balance - Good

Dislikes

pathetic work environment...completely unorganized company

Skill development - Poor

+4 more

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Stovekraft new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Stovekraft?

new Product Development Engineer salary at Stovekraft in India ranges between ₹3.0 Lakhs to ₹5.0 Lakhs for experience between 1 years to 7 years. According to our estimates it is 6% less than the average new Product Development Engineer Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Stovekraft India.

How does the salary of a new Product Development Engineer at Stovekraft India compare with the average salary range for this job?

The average salary of a new Product Development Engineer at Stovekraft is 6% 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 Stovekraft to a new Product Development Engineer in India?

Bajaj Electricals new Product Development Engineer Salary - ₹12.1 Lakhs to ₹13.6 Lakhs per year
LG Electronics new Product Development Engineer Salary - ₹7.2 Lakhs to ₹15.8 Lakhs per year
Havells new Product Development Engineer Salary - ₹5.5 Lakhs to ₹8.6 Lakhs per year
IFB new Product Development Engineer Salary - ₹5.5 Lakhs to ₹7.8 Lakhs per year
Whirlpool new Product Development Engineer Salary - ₹2.0 Lakhs to ₹7.8 Lakhs per year

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

Daikin new Product Development Engineer Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year
Haier Appliances India new Product Development Engineer Salary - ₹3.5 Lakhs to ₹4.0 Lakhs per year

What is the estimated take home salary of a new Product Development Engineer at Stovekraft in India?

The estimated take-home salary of a new Product Development Engineer at Stovekraft ranges between ₹27,352 per month to ₹28,756 per month in India. The take-home salary calculation is based on the average Stovekraft new Product Development Engineer salary in India which ranges between ₹3.0 Lakhs to ₹5.0 Lakhs per year for employees with experience between 1 years to 7 years. Check how did we calculate take home salary?

What is the notice period for new Product Development Engineer at Stovekraft?

According to AmbitionBox, 80% of the Stovekraft new Product Development Engineers reported a notice period of 15 days or less, 20% reported a notice period of 1 Month.This is based on 5 responses on AmbitionBox in last 2 years.

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Stovekraft new Product Development Engineer Salaries

Stovekraft new Product Development Engineer salary in India ranges between ₹3 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Stovekraft latest salaries received from various employees of Stovekraft.