TVS Sundram Fasteners Product Development Engineer Salaries by 4 Employees

0 - 18 years exp.

₹3 Lakhs - ₹6.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

40% less than the average Product Development Engineer Salary in Auto Components Companies for 0 - 18 years of experience

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Salaries in different departments

Research & Development Product Development Engineer Salary 14 - 18 years exp. (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.2 L/yr
Product Management Product Development Engineer Salary Fresher (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
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Production, Manufacturing & Engineering Product Development Engineer Salary 1 year exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.6 L/yr

Last Updated: 12 Jun 2024

Companies similar to TVS Sundram Fasteners for Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Faurecia Product Development Engineer Salary 5 - 16 years exp. (11 salaries)	₹8 L/yr - ₹16.5 L/yr 148% more
Pricol Product Development Engineer Salary 3 - 7 years exp. (8 salaries)	₹2.5 L/yr - ₹6.8 L/yr 19% less
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Apollo Tyres Product Development Engineer Salary 2 - 11 years exp. (7 salaries)	₹3 L/yr - ₹11.4 L/yr 49% more
L.G.Balakrishnan & Bros Product Development Engineer Salary 3 - 5 years exp. (6 salaries)	₹2.5 L/yr - ₹5.6 L/yr 35% less
Root Industries Product Development Engineer Salary 2 - 3 years exp. (5 salaries)	₹2.5 L/yr - ₹3 L/yr 42% less
JBM Group Product Development Engineer Salary 0 - 4 years exp. (5 salaries)	₹2 L/yr - ₹2.7 L/yr 49% less
Endurance Technologies Product Development Engineer Salary 4 - 8 years exp. (4 salaries)	₹3 L/yr - ₹5.5 L/yr 12% less
Delphi TVS Product Development Engineer Salary 2 - 4 years exp. (4 salaries)	₹1.8 L/yr - ₹2.4 L/yr 54% less
CIE Automotive Product Development Engineer Salary 1 - 7 years exp. (4 salaries)	₹2.5 L/yr - ₹3.8 L/yr 36% less
UNO Minda Product Development Engineer Salary 1 - 8 years exp. (3 salaries)	₹6.4 L/yr - ₹6.5 L/yr 34% more
Motherson Automotive Technologies and Engineering Product Development Engineer Salary 0 - 5 years exp. (3 salaries)	₹3 L/yr - ₹4.2 L/yr 29% less
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Product Development Engineer salary at TVS Sundram Fasteners ranges between ₹3 Lakhs to ₹6.5 Lakhs per year for employees with less than 1 year of experience to 18 years. Salary estimates are based on 4 latest salaries received from various employees of TVS Sundram Fasteners.

Experience wise TVS Sundram Fasteners Product Development Engineer salaries

Last Updated: 12 Jun 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
1 year (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
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14 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
15+ years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr

Similar Designation salaries in TVS Sundram Fasteners

New Product Development Engineer Salary

(8 salaries)

₹2.05 L/yr - ₹6.8 L/yr

Development Engineer Salary

(5 salaries)

₹1.95 L/yr - ₹6.3 L/yr

Production Engineer Salary

(184 salaries)

₹1 L/yr - ₹5.5 L/yr

Product Engineer Salary

(4 salaries)

₹3.2 L/yr - ₹3.5 L/yr

Project Engineer Salary

(5 salaries)

₹1.92 L/yr - ₹3.4 L/yr

Senior Design Engineer Salary

(AmbitionBox Estimate)

₹3.9 L/yr - ₹4.9 L/yr

Production Officer Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Assistant Engineer Salary

(21 salaries)

₹2.95 L/yr - ₹5.2 L/yr

Production Manager Salary

(23 salaries)

₹4.89 L/yr - ₹19 L/yr

Design Engineer Salary

(17 salaries)

₹1.5 L/yr - ₹3.75 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

see more salary related reviews

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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 Product Development Engineer Salary FAQs

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

The average salary of a Product Development Engineer at TVS Sundram Fasteners in India typically ranges from ₹3.0 Lakhs to ₹6.5 Lakhs per year, depending on experience (from Fresher to 18 years).

The top 10% of Product Development Engineer at TVS Sundram Fasteners earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. 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 4 TVS Sundram Fasteners employees in India.

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

The estimated take-home salary of a Product Development Engineer at TVS Sundram Fasteners in India typically ranges from ₹36,058 to ₹37,282 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from Fresher to 18 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 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 Product Development Engineer in India?

Faurecia	₹8.0 Lakhs to ₹16.5 Lakhs per year
Apollo Tyres	₹3.0 Lakhs to ₹11.4 Lakhs per year
UNO Minda	₹6.4 Lakhs to ₹6.5 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 Product Development Engineer in companies similar to TVS Sundram Fasteners in India?

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

Endurance Technologies	₹3.0 Lakhs to ₹5.5 Lakhs per year
Pricol	₹2.5 Lakhs to ₹6.8 Lakhs per year
Motherson Automotive Technologies and Engineering	₹3.0 Lakhs to ₹4.2 Lakhs per year
L.G.Balakrishnan & Bros	₹2.5 Lakhs to ₹5.6 Lakhs per year
CIE Automotive	₹2.5 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 Product Development Engineer at TVS Sundram Fasteners in India?

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

Experience	Average Salary Range
Fresher	₹2.7 Lakhs to ₹3.5 Lakhs per year
1 year	₹2.9 Lakhs to ₹3.7 Lakhs per year
14 years	₹5.9 Lakhs to ₹7.5 Lakhs per year
15 years	₹5.9 Lakhs to ₹7.5 Lakhs per year

and so on.

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TVS Sundram Fasteners Product Development Engineer Salaries

TVS Sundram Fasteners Product Development Engineer salary in India ranges between ₹3 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 TVS Sundram Fasteners latest salaries received from various employees of TVS Sundram Fasteners.