Thai Summit Group new Product Development Engineer Salaries by 4 Employees

7 - 8 years exp.

₹4.2 Lakhs - ₹5.2 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

16% more than the average new Product Development Engineer Salary for 7 - 8 years of experience

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Last Updated: 29 Feb 2024

Companies similar to Thai Summit Group for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Delta Electronics new Product Development Engineer Salary 5 - 10 years exp. (6 salaries)	₹2.1 L/yr - ₹11 L/yr 29% more
FCC Clutch new Product Development Engineer Salary 2 - 4 years exp. (4 salaries)	₹4.2 L/yr - ₹5.4 L/yr 1% less
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Gestamp new Product Development Engineer Salary 4 - 5 years exp. (3 salaries)	₹3.9 L/yr - ₹6.8 L/yr 10% less
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (69 salaries)	₹2.7 L/yr - ₹5.5 L/yr 14% less
L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 29% less

new Product Development Engineer salary at Thai Summit Group ranges between ₹4.2 Lakhs to ₹5.2 Lakhs per year for employees with experience between 7 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Thai Summit Group.

Experience wise Thai Summit Group new Product Development Engineer salaries

Last Updated: 29 Feb 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.2 L/yr
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8 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.2 L/yr

Similar Designation salaries in Thai Summit Group

Development Engineer Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Production Engineer Salary

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₹3 L/yr - ₹3.75 L/yr

Senior Design Engineer Salary

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₹4.1 L/yr - ₹5.2 L/yr

Assistant Engineer Salary

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₹2 L/yr - ₹4.2 L/yr

Production Manager Salary

(AmbitionBox Estimate)

₹7.4 L/yr - ₹9.4 L/yr

Design Engineer Salary

(4 salaries)

₹2.1 L/yr - ₹3.3 L/yr

Mechanical Engineer Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

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₹5.1 L/yr - ₹7 L/yr

Lead Engineer Salary

(AmbitionBox Estimate)

₹3.9 L/yr - ₹4.9 L/yr

NPD Engineer Salary

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₹3.5 L/yr - ₹5.5 L/yr

Salary related reviews for Thai Summit Group

3.9

Rated by 2 employees for salary & benefits

Quality Engineer in New Delhi

Full Time

Data Science & Analytics Department

2.0

• posted on 23 Jul 2023

2.0

for Salary and Benefits

Likes

The technology is here learn many more things but still there is nothing new for new technology due to reason of company employe.

Dislikes

Thai summit autoparts india pvt this is manufacturing vehicle parts. Using new era technology for new genration but is there very bad behaviour of seniar employ.and all this things.

Salary - Poor

+5 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Thai Summit Group new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Thai Summit Group ?

The average salary of a new Product Development Engineer at Thai Summit Group in India typically ranges from ₹4.2 Lakhs to ₹5.2 Lakhs per year, depending on experience (from 7 years to 8 years).

The top 10% of new Product Development Engineer at Thai Summit Group earn more than ₹5.2 Lakhs per year, and the top 1% earn over ₹5.2 Lakhs per year. new Product Development Engineer Salaries at Thai Summit Group 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 Thai Summit Group employees in India.

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

The estimated take-home salary of a new Product Development Engineer at Thai Summit Group in India typically ranges from ₹35,154 to ₹36,391 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹5.2 Lakhs per year for employees with experience ranging from 7 years to 8 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 Thai Summit Group. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Thai Summit Group for new Product Development Engineer in India?

Delta Electronics

₹2.1 Lakhs to ₹11.0 Lakhs per year

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

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

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

FCC Clutch	₹4.2 Lakhs to ₹5.4 Lakhs per year
Gestamp	₹3.9 Lakhs to ₹6.8 Lakhs per year
INDO-MIM	₹2.7 Lakhs to ₹5.5 Lakhs per year
L.G.Balakrishnan & Bros	₹1.8 Lakhs to ₹5.0 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 Thai Summit Group in India?

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

Experience	Average Salary Range
7 years	₹4.2 Lakhs to ₹5.2 Lakhs per year
8 years	₹4.2 Lakhs to ₹5.2 Lakhs per year

and so on.

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Thai Summit Group new Product Development Engineer Salaries

Thai Summit Group new Product Development Engineer salary in India ranges between ₹4.2 Lakhs to ₹5.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Thai Summit Group latest salaries received from various employees of Thai Summit Group.