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Varroc Group new Product Development Engineer salaries in India

Annual salary range
0 - 9 years exp.
₹2.4 Lakhs - ₹6 Lakhs
Salary of majority employees
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7% less than the average new Product Development Engineer Salary in Auto Components Companies for 0 - 9 years of experience

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Salaries in different departments

Research & Development
new Product Development Engineer Salary
1 - 9 years exp. (12 salaries)
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₹2.4 L/yr - ₹4.6 L/yr

Production, Manufacturing & Engineering
new Product Development Engineer Salary
0 - 3 years exp. (3 salaries)
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₹2.4 L/yr - ₹4.3 L/yr

Project & Program Management
new Product Development Engineer Salary
6 - 7 years exp. (AmbitionBox Estimate)
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₹3.3 L/yr - ₹5 L/yr

Quality Assurance
new Product Development Engineer Salary
6 - 8 years exp. (AmbitionBox Estimate)
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₹3.8 L/yr - ₹6 L/yr

Last Updated: 8 Sep 2024

Companies similar to Varroc Group for new Product Development Engineer

Company name Avg Annual Salary Open Jobs
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₹3.9 L/yr - ₹5.6 L/yr

arrow icon 32% more
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₹2.5 L/yr - ₹3.5 L/yr

arrow icon 13% less
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₹3.2 L/yr - ₹11.3 L/yr

arrow icon 103% more
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₹1.5 L/yr - ₹3.5 L/yr

arrow icon 19% less
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₹3.5 L/yr - ₹5.7 L/yr

arrow icon 13% more
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₹2 L/yr - ₹6.6 L/yr

arrow icon 19% more
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₹1.7 L/yr - ₹4.7 L/yr

arrow icon 14% less
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₹1.8 L/yr - ₹5.7 L/yr

At par
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₹2.2 L/yr - ₹5.4 L/yr

arrow icon 1% less
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₹2.9 L/yr - ₹7.5 L/yr

arrow icon 26% more
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₹2 L/yr - ₹4.1 L/yr

arrow icon 9% less
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₹1.7 L/yr - ₹4.8 L/yr

arrow icon 7% less
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₹3 L/yr - ₹4.6 L/yr

arrow icon 12% less
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₹3.3 L/yr - ₹6.5 L/yr

arrow icon 9% more
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₹1.8 L/yr - ₹4.5 L/yr

arrow icon 22% less
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₹3 L/yr - ₹4.2 L/yr

arrow icon 17% less
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₹1.7 L/yr - ₹3.5 L/yr

arrow icon 7% less
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₹2.6 L/yr - ₹9.2 L/yr

arrow icon 50% more
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₹2.5 L/yr - ₹6 L/yr

arrow icon 3% less
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₹2.8 L/yr - ₹4.2 L/yr

arrow icon 1% more
View all
new Product Development Engineer salary at Varroc Group ranges between ₹2.4 Lakhs to ₹6 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 19 latest salaries received from various employees of Varroc Group.

Latest annual salaries shared by Varroc Group new Product Development Engineer

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7 years exp.
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9 years exp.
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Experience wise Varroc Group new Product Development Engineer salaries

Last Updated: 8 Sep 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2.4 L/yr - ₹4.9 L/yr
1 year (AmbitionBox Estimate)

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₹2.4 L/yr - ₹5.3 L/yr
2 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹5.7 L/yr
3 years  (4 salaries)

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₹2.5 L/yr - ₹3.8 L/yr
4 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹6.5 L/yr
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Similar Designation salaries in Varroc Group

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₹2.5 L/yr - ₹7 L/yr
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₹5.3 L/yr - ₹10 L/yr
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₹1.5 L/yr - ₹6.5 L/yr
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₹5 L/yr - ₹15.9 L/yr
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₹2.9 L/yr - ₹12 L/yr
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₹5 L/yr - ₹10.5 L/yr
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₹6 L/yr - ₹25.5 L/yr
Production Officer Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.4 L/yr
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₹1.8 L/yr - ₹3.05 L/yr
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₹8.5 L/yr - ₹18.5 L/yr
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Salary related reviews for Varroc Group

2.4

Rated by 4 employees for salary & benefits

Full Time

 · 

Research & Development Department

1.0
  •  posted on 27 Dec 2024

3.0
 for  Salary and Benefits

Likes

Salary on time credit

Dislikes

1) Layoff two times in year 2024 2) Increment is not base on performance, meanwhile after resigned varroc was gave hike. 3) Culture very bad 4) No work satisfaction along with no work base on employee profile 5) Notice period 3 month mandatory and it's not negotiable 6) System not smoothly work due employee not satisfaction work culture and financial group 7) R&D HR need take appointment for meeting him 8) Canteen facility very poor

read more
  • Skill development - Poor
  • +4 more

Quality Assurance Department

4.0
  •  posted on 10 Jan 2022

3.0
 for  Salary and Benefits

Likes

Good work environment and culture.teammates are supportive and the management is transparent. There is daily new challenges are come and i like to solve it .

read more
  • Skill development - Good
  • +5 more

Dislikes

Overall company is very good but salary is not dependents on talent . On the job training not given to new joinees

read more

Research & Development Department

2.0
  •  posted on 28 Sep 2022

2.0
 for  Salary and Benefits

Likes

Good staff and supporting managers.

Dislikes

HR policies are not good and can't expect good hike (no hike as per year's of Experience) and at the end need to switch organization due to not good increment, if you have good current package then only think to join varroc.

read more
  • Salary - Poor
  • +1 more

Other Department

4.0
  •  posted on 12 Mar 2019

4.0
 for  Salary and Benefits

Likes

I liked my senior teammates most. They always gave a support to me and makes me strong such that I can fight with wrong things happening in company regarding quality.Their i got a free oppurtunity to learn new and do anythings and finally I'm very happy from this.

read more
  • Salary - Good
  • +4 more

Dislikes

Actually my plant is newly so system was not very good. I'm on contract basis so observed a large differences among employee in every things like Respect , Food, less salary & to late payment. This things always hurt me and feel bad. But one things our QA supervisors are so good.

read more
  • Job security - Poor

Production, Manufacturing & Engineering Department

4.0
  •  posted on 29 Mar 2018

4.0
 for  Salary and Benefits

Likes

The company is open to innovation & adopts latest technology in manufacturing every parts with world class quality.I am enterily happily working with varroc family.

read more
  • Salary - Good
  • +5 more

Dislikes

compensation is good but growth is very slow.as compere to work load.

see more salary related reviews

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Varroc Group new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Varroc Group?
new Product Development Engineer salary at Varroc Group in India ranges between ₹2.4 Lakhs to ₹6.0 Lakhs for less than 1 year of experience to 9 years. According to our estimates it is 7% less than the average new Product Development Engineer Salary in India. Salary estimates are based on 19 latest salaries received from various employees of Varroc Group India.
How does the salary of a new Product Development Engineer at Varroc Group India compare with the average salary range for this job?
The average salary of a new Product Development Engineer at Varroc Group is 7% less than the average salary of a new Product Development Engineer in India. To know exact salary insights, login to view.
Which similar companies are paying more than Varroc Group to a new Product Development Engineer in India?
  • Sundaram Clayton new Product Development Engineer Salary - ₹3.2 Lakhs to ₹11.3 Lakhs per year
  • Subros new Product Development Engineer Salary - ₹2.6 Lakhs to ₹9.2 Lakhs per year
  • Bharat Forge new Product Development Engineer Salary - ₹3.9 Lakhs to ₹5.6 Lakhs per year
  • Keihin Fie new Product Development Engineer Salary - ₹2.8 Lakhs to ₹5.8 Lakhs per year
  • Motherson Automotive Technologies and Engineering new Product Development Engineer Salary - ₹2.9 Lakhs to ₹7.5 Lakhs per year
What is the salary of a new Product Development Engineer in companies similar to Varroc Group in India?
  • UNO Minda new Product Development Engineer Salary - ₹2.0 Lakhs to ₹6.6 Lakhs per year
  • Suprajit Engineering new Product Development Engineer Salary - ₹3.5 Lakhs to ₹5.7 Lakhs per year
  • Hitachi Astemo new Product Development Engineer Salary - ₹3.8 Lakhs to ₹4.5 Lakhs per year
  • CIE Automotive new Product Development Engineer Salary - ₹3.3 Lakhs to ₹6.5 Lakhs per year
  • Gabriel India new Product Development Engineer Salary - ₹3.6 Lakhs to ₹5.0 Lakhs per year
What is the estimated take home salary of a new Product Development Engineer at Varroc Group in India?
The estimated take-home salary of a new Product Development Engineer at Varroc Group ranges between ₹27,346 per month to ₹28,750 per month in India. The take-home salary calculation is based on the average Varroc Group new Product Development Engineer salary in India which ranges between ₹2.4 Lakhs to ₹6.0 Lakhs per year for employees with less than 1 year of experience to 9 years. Check how did we calculate take home salary?
What is the notice period for new Product Development Engineer at Varroc Group?
According to AmbitionBox, 50% of the Varroc Group new Product Development Engineers reported a notice period of 3 Months, 30% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 10 responses on AmbitionBox in last 2 years.

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Varroc Group new Product Development Engineer salary in India ranges between ₹2.4 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 19 Varroc Group latest salaries received from various employees of Varroc Group.

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