TVS Motor new Product Development Engineer Salaries by 10+ Employees (Updated 2025)

1 - 6 years exp.

₹1.8 Lakh - ₹4.2 Lakhs

Salary of majority employees

35% less than the average new Product Development Engineer Salary in Automobile Companies for 1 - 6 years of experience

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Salaries in different departments

Quality Assurance new Product Development Engineer Salary 1 - 6 years exp. (4 salaries)	₹2.3 L/yr - ₹2.6 L/yr
Procurement & Supply Chain new Product Development Engineer Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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Research & Development new Product Development Engineer Salary 1 - 3 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr

Last Updated: 25 Jan 2025

Companies similar to TVS Motor for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Tata Motors new Product Development Engineer Salary 1 - 4 years exp. (14 salaries)	₹2 L/yr - ₹5.2 L/yr 32% more
Ashok Leyland new Product Development Engineer Salary 1 - 8 years exp. (10 salaries)	₹2 L/yr - ₹7.7 L/yr 37% more
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Mahindra & Mahindra new Product Development Engineer Salary 0 - 12 years exp. (8 salaries)	₹4.2 L/yr - ₹7.4 L/yr 111% more
Escorts Kubota Limited new Product Development Engineer Salary 0 - 3 years exp. (6 salaries)	₹2 L/yr - ₹3.8 L/yr 3% less
Hero MotoCorp new Product Development Engineer Salary 6 - 11 years exp. (6 salaries)	₹6.5 L/yr - ₹11.8 L/yr 223% more
Renault Nissan Technology & Business Centre India new Product Development Engineer Salary 5 - 8 years exp. (6 salaries)	₹6.9 L/yr - ₹9 L/yr 194% more
Automotive Manufacturers new Product Development Engineer Salary 0 - 4 years exp. (5 salaries)	₹2.2 L/yr - ₹2.8 L/yr 13% less
Maruti Suzuki new Product Development Engineer Salary 2 - 8 years exp. (5 salaries)	₹7 L/yr - ₹11 L/yr 239% more
Royal Enfield new Product Development Engineer Salary 3 - 5 years exp. (4 salaries)	₹1.8 L/yr - ₹2.5 L/yr 23% less
Bajaj Auto new Product Development Engineer Salary 8 - 21 years exp. (4 salaries)	₹6 L/yr - ₹13 L/yr 208% more
Ford Motor new Product Development Engineer Salary 5 - 6 years exp. (4 salaries)	₹4.5 L/yr - ₹11.1 L/yr 142% more
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VE Commercial Vehicles new Product Development Engineer Salary 0 - 6 years exp. (3 salaries)	₹1.2 L/yr - ₹2.8 L/yr 14% less
CNH Industrial new Product Development Engineer Salary 2 - 9 years exp. (3 salaries)	₹2.8 L/yr - ₹11.5 L/yr 142% more

new Product Development Engineer salary at TVS Motor ranges between ₹1.8 Lakh to ₹4.2 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 14 latest salaries received from various employees of TVS Motor.

Experience wise TVS Motor new Product Development Engineer salaries

Last Updated: 25 Jan 2025

Experience	Avg Annual Salary
1 year (5 salaries)	₹2.4 L/yr - ₹4.2 L/yr
2 years (3 salaries)	₹2.5 L/yr - ₹3.5 L/yr
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3 years (3 salaries)	₹1.8 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹4.7 L/yr
5 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹4.7 L/yr
6 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹4.7 L/yr

View all

Similar Designation salaries in TVS Motor

Product Development Engineer Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Development Engineer Salary

(42 salaries)

₹1.8 L/yr - ₹7.32 L/yr

Production Engineer Salary

(163 salaries)

₹1.3 L/yr - ₹8.62 L/yr

Product Engineer Salary

(AmbitionBox Estimate)

₹4.9 L/yr - ₹6.2 L/yr

Senior Design Engineer Salary

(43 salaries)

₹4 L/yr - ₹10 L/yr

Project Engineer Salary

(36 salaries)

₹1.9 L/yr - ₹5 L/yr

Senior Software Engineer Salary

(23 salaries)

₹6.92 L/yr - ₹23.85 L/yr

Production Officer Salary

(5 salaries)

₹2 L/yr - ₹2.9 L/yr

Assistant Engineer Salary

(8 salaries)

₹2 L/yr - ₹5.05 L/yr

Production Manager Salary

(12 salaries)

₹6.88 L/yr - ₹23 L/yr

Salary related reviews for TVS Motor

4.8

Rated by 5 employees for salary & benefits

Deputy Manager in Pune

Full Time

Sales & Business Development Department

2.0

• posted on 19 Oct 2024

3.0

for Salary and Benefits

Likes

Salary & Perks are Ok Benefits are competitive Policies are good (on paper only)

Dislikes

Poor HR commitments Unprofessional Culture Boss Driven Culture No systems & Processes Extreme Pressure & Micro-Management No Clarity with organisation with what to do & how to do. Just throwing stones around. HR people asks for money to new joiners HR people makes false commitments No pay benefits for extra work time Leaves depends on Boss approval and they deny mostly

Skill development - Bad

+5 more

Production Engineer in Chennai

Full Time

Product Management Department

4.0

• posted on 31 Aug 2023

4.0

for Salary and Benefits

Likes

I like tvs motor company, good salary, safety environment, food and transportation speciality is good.

Salary - Good

+2 more

Dislikes

I worked as a neem trainee in BMW paint shop department for three years. After that I wanted to work but I didn't get that chance

Skill development - Bad

+1 more

Production Engineer in Hosur

Research & Development Department

5.0

• posted on 15 Dec 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 bike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2years before which you cannot resign. On the job training is not new joiners.

Quality Engineer in Bangalore / Bengaluru

Quality Assurance Department

5.0

• posted on 15 Sep 2021

4.0

for Salary and Benefits

Likes

...rtive and the management is trasparent. There is a small cafeteria for chilling. Company policies are good, appraisals are fair and they give good salary and bonus every year

Salary - Good

+5 more

Dislikes

There is a lot of politics and the management doesn't adress our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign.

Mechanical Engineer in Chennai

Turbine shaft Department

4.0

• posted on 16 Feb 2021

3.0

for Salary and Benefits

Likes

...e and no responsibility and behaviour. Oneand only full preference employees... We are working salary low, work high.. food and other preference are not for ours...

Dislikes

Very worst company TVS SFL hosur

Job security - Bad

+3 more

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What people are saying about TVS Motor

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detailedshaktimaan

works at

Royal Enfield

Recently, I got offer from TVS with 20% hike from my current CTC. But my asked for 30% hike. Should I accept this offer! Guide me

Yes Join, good opportunity

No, Negotiate

6 participants . poll closed

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TVS Motor new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at TVS Motor ?

The average salary of a new Product Development Engineer at TVS Motor in India typically ranges from ₹1.8 Lakhs to ₹4.2 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of new Product Development Engineer at TVS Motor earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹4.2 Lakhs per year. new Product Development Engineer Salaries at TVS Motor 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 10+ TVS Motor employees in India.

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

The estimated take-home salary of a new Product Development Engineer at TVS Motor in India typically ranges from ₹18,558 to ₹20,243 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹4.2 Lakhs per year for employees with experience ranging from 1 year to 6 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 10+ salaries received from various employees of TVS Motor. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than TVS Motor for new Product Development Engineer in India?

Maruti Suzuki	₹7.0 Lakhs to ₹11.0 Lakhs per year
Hero MotoCorp	₹6.5 Lakhs to ₹11.8 Lakhs per year
Bajaj Auto	₹6.0 Lakhs to ₹13.0 Lakhs per year
Renault Nissan Technology & Business Centre India	₹6.9 Lakhs to ₹9.0 Lakhs per year
Ford Motor	₹4.5 Lakhs to ₹11.1 Lakhs per year

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

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

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

CNH Industrial	₹2.8 Lakhs to ₹11.5 Lakhs per year
Mahindra & Mahindra	₹4.2 Lakhs to ₹7.4 Lakhs per year
Ashok Leyland	₹2.0 Lakhs to ₹7.7 Lakhs per year
Tata Motors	₹2.0 Lakhs to ₹5.2 Lakhs per year
Escorts Kubota Limited	₹2.0 Lakhs to ₹3.8 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 TVS Motor in India?

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

Experience	Average Salary Range
1 year	₹2.4 Lakhs to ₹4.2 Lakhs per year
2 years	₹2.5 Lakhs to ₹3.5 Lakhs per year
3 years	₹1.8 Lakhs to ₹3.0 Lakhs per year
4 years	₹2.3 Lakhs to ₹4.7 Lakhs per year

and so on.

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TVS Motor new Product Development Engineer Salaries

TVS Motor new Product Development Engineer salary in India ranges between ₹1.8 Lakh to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 TVS Motor latest salaries received from various employees of TVS Motor.