TVS Motor Senior New Product Development Manager Salaries by 3 Employees

12 - 14 years exp.

₹26.6 Lakhs - ₹30 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

53% more than the average Senior New Product Development Manager Salary in Automobile Companies for 12 - 14 years of experience

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Salaries in different departments

Research & Development Senior New Product Development Manager Salary 13 - 14 years exp. (AmbitionBox Estimate)	₹23.9 L/yr - ₹29.3 L/yr
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Project & Program Management Senior New Product Development Manager Salary 12 years exp. (AmbitionBox Estimate)	₹27 L/yr - ₹33 L/yr

Last Updated: 4 Dec 2024

Companies similar to TVS Motor for Senior New Product Development Manager

Company name	Avg Annual Salary	Open Jobs
Tata Motors Senior New Product Development Manager Salary 12 - 22 years exp. (5 salaries)	₹19.3 L/yr - ₹22 L/yr 27% less
Escorts Kubota Limited Senior New Product Development Manager Salary 14 - 17 years exp. (4 salaries)	₹14.8 L/yr - ₹17.5 L/yr 42% less
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Jay Ushin Senior New Product Development Manager Salary 14 - 20 years exp. (4 salaries)	₹16.2 L/yr - ₹20 L/yr 32% less
Hindware Limited Senior New Product Development Manager Salary 12 - 13 years exp. (4 salaries)	₹15.8 L/yr - ₹18.3 L/yr 38% less
Belrise Industries Senior New Product Development Manager Salary 25 - 27 years exp. (4 salaries)	₹15.4 L/yr - ₹18 L/yr 38% less

Senior New Product Development Manager salary at TVS Motor ranges between ₹26.6 Lakhs to ₹30 Lakhs per year for employees with experience between 12 years to 14 years. Salary estimates are based on 3 latest salaries received from various employees of TVS Motor.

Experience wise TVS Motor Senior New Product Development Manager salaries

Last Updated: 4 Dec 2024

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹27 L/yr - ₹34.5 L/yr
13 years (AmbitionBox Estimate)	₹23.9 L/yr - ₹30.6 L/yr
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14 years (AmbitionBox Estimate)	₹23.9 L/yr - ₹30.6 L/yr

Salary related reviews for TVS Motor

Territory Service Manager in Kolkata

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 06 Apr 2025

1.0

for Salary and Benefits

Likes

No good things for this role. You are treated like shit picker in the company

Job security - Excellent

Dislikes

Job expections are more. And the role need to 10-12 hours works. Also salary is less as per work. Person need to work on Saturday and Sunday also.

Salary - Bad

+5 more

Territory Manager in Zirakpur

Full Time

Sales & Business Development Department

3.0

• posted on 25 Mar 2025

5.0

for Salary and Benefits

Likes

Salary and incentives are best in the coutry i would say you can earn 100% of your salary as incentives every month Industry salary 100 in tvs you get 150 As attrition rate is too high

Salary - Excellent

Dislikes

Odd hours working . Fake entries enquiries sales system still exist and you was forced to do that You have to work on or odd timings

Work-life balance - Poor

Territory Service Manager in Indore

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 17 Feb 2025

5.0

for Salary and Benefits

Likes

Travel policy Salary

Salary - Excellent

+1 more

Dislikes

Account department Travel claims reimbursement process Company work culture Policing unnecessarily to new employee Partiality with new joined by older employees. No one is helping to understand the company working.

Job security - Poor

+3 more

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

Asst.Marketing Manager in Bangalore / Bengaluru

Full Time

Sales & Business Development Department

5.0

• posted on 05 Sep 2024

5.0

for Salary and Benefits

Likes

Some say that working at tvs motors company has following has the following positives Good learning opprrtunities Employees say that tvs motors is a good place to learn new skills Good work culture same say that TVS motor has a good work culture and

Salary - Excellent

+6 more

Dislikes

Work life balance some say three is no worklif balance aqnd extended workings hours pay some say the pay is low and less than competitors mangemet some say there are bad manger and politics work pressure some say there is excessive work pressure

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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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TVS Motor Senior New Product Development Manager Salary FAQs

How the salary growth look like for a Senior New Product Development Manager at TVS Motor in India?

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

Experience	Average Salary Range
12 years	₹27.0 Lakhs to ₹34.5 Lakhs per year
13 years	₹23.9 Lakhs to ₹30.6 Lakhs per year
14 years	₹23.9 Lakhs to ₹30.6 Lakhs per year

and so on.

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TVS Motor Senior New Product Development Manager Salaries

TVS Motor Senior New Product Development Manager salary in India ranges between ₹26.6 Lakhs to ₹30 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 TVS Motor latest salaries received from various employees of TVS Motor.