TVS Sundram Fasteners Chennai new Product Development Engineer Salaries by 6 Employees

0 - 7 years exp.

₹2.1 Lakhs - ₹4.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

12% less than the average new Product Development Engineer Salary in Auto Components Companies for 0 - 7 years of experience

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Salaries in different departments

Research & Development new Product Development Engineer Salary 0 - 7 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹4.8 L/yr
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Production, Manufacturing & Engineering new Product Development Engineer Salary 4 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹4.3 L/yr

Last Updated: 8 Dec 2024

Companies similar to TVS Sundram Fasteners for new Product Development Engineer in Chennai

TVS Sundram Fasteners new Product Development Engineer Salary

0 - 7 years exp. (6 salaries)

₹2.1 L/yr - ₹4.8 L/yr

Company name	Avg Annual Salary	Open Jobs
Motherson Automotive Technologies and Engineering new Product Development Engineer Salary 2 - 9 years exp. (17 salaries)	₹2.9 L/yr - ₹8 L/yr 49% more
Apollo Tyres new Product Development Engineer Salary 1 - 10 years exp. (9 salaries)	₹5.5 L/yr - ₹9 L/yr 91% more
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Delphi TVS new Product Development Engineer Salary 1 - 6 years exp. (8 salaries)	₹2 L/yr - ₹4.1 L/yr 8% less
Mando Automotive new Product Development Engineer Salary 2 - 9 years exp. (7 salaries)	₹4.4 L/yr - ₹5.1 L/yr 42% more
JBM Group new Product Development Engineer Salary 2 - 8 years exp. (6 salaries)	₹2.3 L/yr - ₹5 L/yr 9% more

new Product Development Engineer salary at TVS Sundram Fasteners ranges between ₹2.1 Lakhs to ₹4.8 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 6 latest salaries received from various employees of TVS Sundram Fasteners.

Experience wise TVS Sundram Fasteners new Product Development Engineer salaries in Chennai

Last Updated: 8 Dec 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
1 year (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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2 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
4 years (3 salaries)	₹2.2 L/yr - ₹3.6 L/yr
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
6 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
7 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr

View all

Similar Designation salaries in TVS Sundram Fasteners

Production Engineer Salary

(114 salaries)

₹1 L/yr - ₹5.5 L/yr

Assistant Engineer Salary

(21 salaries)

₹2.95 L/yr - ₹5.2 L/yr

Production Manager Salary

(11 salaries)

₹6.6 L/yr - ₹16 L/yr

Development Engineer Salary

(4 salaries)

₹3.8 L/yr - ₹6.3 L/yr

Product Engineer Salary

(4 salaries)

₹3.2 L/yr - ₹3.5 L/yr

Product Development Engineer Salary

(4 salaries)

₹3 L/yr - ₹6.5 L/yr

Project Engineer Salary

(3 salaries)

₹1.92 L/yr - ₹3.12 L/yr

Salary related reviews for TVS Sundram Fasteners

Quality Engineer in Chennai

Full Time

Metallurgical Lab Department

4.0

• posted on 15 Jul 2019

4.0

for Salary and Benefits

Likes

It's a one of the fastest growing company in manufacturing with zero defects. I am happy to work with that.

Salary - Good

+6 more

Dislikes

Increment and bonus are not good. No incentives and benefits and also work pressure is very high

Production Engineer in Chennai

Production, Manufacturing & Engineering Department

4.0

• posted on 08 Jun 2022

3.0

for Salary and Benefits

Likes

Good learning experience my company, work culture good salary low compared to other company

Skill development - Good

+1 more

Dislikes

my salary compare to my experience based low so economically can't manage my family life so leave the my company

Quality Engineer in Hosur

Quality Assurance Department

5.0

• posted on 29 Oct 2021

4.0

for Salary and Benefits

Likes

Good work environment and culture.company policies are good.salary hike and bonus every year.

Salary - Good

+6 more

Dislikes

There is a lot of politics and the management doesn't address our issue.salary is decent but career growth is slow.

Senior Key Account Executive in Chennai

Full Time

OE - Marketing (Key Accounts) Department

4.0

• posted on 16 Jun 2022

2.0

for Salary and Benefits

Likes

A good learning school & for those who work to the core, company supports very well. Compensation is fair enough to survive that's it we can say.

Job security - Excellent

+2 more

Dislikes

HR doesn't reviews the salary of a person working on a level to the new comer on the same level which causes self disgrace to the existing employment. Allowances are age old which needs to be revised to the present inflation level.

Salary - Poor

+1 more

Quality Inspector in Gummidipoondi

Full Time

Quality Assurance Department

1.0

• posted on 07 Aug 2022

1.0

for Salary and Benefits

Likes

My honest review: poor infrastructure, heavy work low salary, there is no safety, very very worst food(sundram fasteners autolec division). Room to company distance upto 3KM. No transport facility..but its only learning platform.. Contract Employees behaviour very worst...worst Management.. There is no neatness of company.. Its not right place to future grow work.. Bad job security...

Skill development - Good

Dislikes

Overall very bad company...

Salary - Bad

+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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TVS Sundram Fasteners new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at TVS Sundram Fasteners in Chennai?

The average salary of a new Product Development Engineer at TVS Sundram Fasteners in Chennai typically ranges from ₹2.1 Lakhs to ₹4.8 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of new Product Development Engineer in Chennai at TVS Sundram Fasteners earn more than ₹4.7 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. new Product Development Engineer Salaries at TVS Sundram Fasteners 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 6 TVS Sundram Fasteners employees in India.

What is the estimated take home salary of a new Product Development Engineer at TVS Sundram Fasteners in Chennai?

The estimated take-home salary of a new Product Development Engineer at TVS Sundram Fasteners in Chennai typically ranges from ₹25,224 to ₹26,659 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from Fresher to 7 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 6 salaries received from various employees of TVS Sundram Fasteners. Check how we calculate in-hand salary with our in-hand salary calculator.

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

Apollo Tyres	₹5.5 Lakhs to ₹9.0 Lakhs per year
Motherson Automotive Technologies and Engineering	₹2.9 Lakhs to ₹8.0 Lakhs per year
Mando Automotive	₹4.4 Lakhs to ₹5.1 Lakhs per year
JBM Group	₹2.3 Lakhs to ₹5.0 Lakhs per year

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

What is the salary of a new Product Development Engineer in companies similar to TVS Sundram Fasteners in Chennai?

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

Delphi TVS

₹2.0 Lakhs to ₹4.1 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 Sundram Fasteners in Chennai?

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

Experience	Average Salary Range
Fresher	₹2.6 Lakhs to ₹3.3 Lakhs per year
1 year	₹2.7 Lakhs to ₹3.5 Lakhs per year
2 years	₹2.9 Lakhs to ₹3.7 Lakhs per year
3 years	₹3.0 Lakhs to ₹3.9 Lakhs per year

and so on.

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TVS Sundram Fasteners new Product Development Engineer Salaries in Chennai

TVS Sundram Fasteners new Product Development Engineer salary in Chennai ranges between ₹2.1 Lakhs to ₹4.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 TVS Sundram Fasteners latest salaries received from various employees of TVS Sundram Fasteners.

TVS Sundram Fasteners new Product Development Engineer salaries in Chennai

Companies similar to TVS Sundram Fasteners for new Product Development Engineer in Chennai

Latest annual salaries shared by TVS Sundram Fasteners new Product Development Engineer in Chennai

Experience wise TVS Sundram Fasteners new Product Development Engineer salaries in Chennai

Similar Designation salaries in TVS Sundram Fasteners

Salary related reviews for TVS Sundram Fasteners

Quality Engineer in Chennai

Production Engineer in Chennai

Quality Engineer in Hosur

Senior Key Account Executive in Chennai

Quality Inspector in Gummidipoondi

TVS Sundram Fasteners new Product Development Engineer Salary FAQs

Tell us how to improve this page.