Varroc Group new Product Development Engineer Salaries by 9 Employees (Updated 2024)

0 - 12 years exp.

₹2.4 Lakhs - ₹7 Lakhs

Salary of majority employees

21% more than the average new Product Development Engineer Salary in Auto Components Companies for 0 - 12 years of experience

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Salaries in different departments

Research & Development new Product Development Engineer Salary 3 - 12 years exp. (7 salaries)	₹2.5 L/yr - ₹7 L/yr
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Production, Manufacturing & Engineering new Product Development Engineer Salary 0 - 2 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹5.5 L/yr

Last Updated: 2 Feb 2024

Companies similar to Varroc Group for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Bharat Forge new Product Development Engineer Salary 3 - 8 years exp. (9 salaries)	₹3.9 L/yr - ₹5.6 L/yr At par
Samvardhana Motherson Group new Product Development Engineer Salary 1 - 4 years exp. (6 salaries)	₹2.5 L/yr - ₹3.5 L/yr 32% less
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Sundaram Clayton new Product Development Engineer Salary 4 - 17 years exp. (5 salaries)	₹3.2 L/yr - ₹11.3 L/yr 65% more
Endurance Technologies new Product Development Engineer Salary 1 - 5 years exp. (3 salaries)	₹1.5 L/yr - ₹3.5 L/yr 34% less
Suprajit Engineering new Product Development Engineer Salary 1 - 8 years exp. (5 salaries)	₹3.5 L/yr - ₹5.5 L/yr 1% less
UNO Minda new Product Development Engineer Salary 1 - 6 years exp. (17 salaries)	₹2 L/yr - ₹6.6 L/yr 4% less
L.G.Balakrishnan & Bros new Product Development Engineer Salary 0 - 8 years exp. (44 salaries)	₹1.7 L/yr - ₹4.7 L/yr 30% less
JBM Group new Product Development Engineer Salary 1 - 8 years exp. (32 salaries)	₹2.3 L/yr - ₹5.7 L/yr 19% less
Belrise Industries new Product Development Engineer Salary 0 - 9 years exp. (24 salaries)	₹2.2 L/yr - ₹5.4 L/yr 23% less
Motherson Automotive Technologies and Engineering new Product Development Engineer Salary 1 - 8 years exp. (20 salaries)	₹2.9 L/yr - ₹7.5 L/yr At par	1 job opening
Spark Minda new Product Development Engineer Salary 2 - 4 years exp. (6 salaries)	₹3 L/yr - ₹4.2 L/yr 33% less
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Delphi TVS new Product Development Engineer Salary 1 - 5 years exp. (9 salaries)	₹2 L/yr - ₹4.1 L/yr 23% less
TVS Sundram Fasteners new Product Development Engineer Salary 0 - 10 years exp. (8 salaries)	₹1.7 L/yr - ₹4.8 L/yr 25% less
Mando Automotive new Product Development Engineer Salary 2 - 9 years exp. (7 salaries)	₹4.4 L/yr - ₹5.1 L/yr 7% more
Steel Strips Wheels new Product Development Engineer Salary 3 - 6 years exp. (7 salaries)	₹3 L/yr - ₹4.6 L/yr 29% less
CIE Automotive new Product Development Engineer Salary 2 - 8 years exp. (7 salaries)	₹3.3 L/yr - ₹6.5 L/yr 11% less
Lumax Industries new Product Development Engineer Salary 1 - 3 years exp. (6 salaries)	₹2.7 L/yr - ₹3.6 L/yr 30% less
Asahi India Glass new Product Development Engineer Salary 1 - 2 years exp. (5 salaries)	₹1.7 L/yr - ₹3.5 L/yr 25% less
Subros new Product Development Engineer Salary 3 - 14 years exp. (5 salaries)	₹2.6 L/yr - ₹9.2 L/yr 22% more
Krishna Maruti new Product Development Engineer Salary 0 - 9 years exp. (3 salaries)	₹2.5 L/yr - ₹6 L/yr 17% less

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new Product Development Engineer salary at Varroc Group ranges between ₹2.4 Lakhs to ₹7 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 9 latest salaries received from various employees of Varroc Group.

Experience wise Varroc Group new Product Development Engineer salaries

Last Updated: 2 Feb 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.4 L/yr - ₹5.7 L/yr
1 year (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.8 L/yr
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2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.6 L/yr
3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹7 L/yr
4 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹7.4 L/yr
5 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹4.6 L/yr
6 years (AmbitionBox Estimate)	₹4 L/yr - ₹8.3 L/yr
7 years (AmbitionBox Estimate)	₹4 L/yr - ₹8.7 L/yr
8 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.6 L/yr
9 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹9.5 L/yr
10 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.1 L/yr
11 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.4 L/yr
12 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹7 L/yr

View all

Similar Designation salaries in Varroc Group

Product Development Engineer Salary

(4 salaries)

₹2.5 L/yr - ₹7 L/yr

Development Engineer Salary

(3 salaries)

₹2.5 L/yr - ₹3 L/yr

Production Engineer Salary

(119 salaries)

₹1.15 L/yr - ₹6.5 L/yr

Senior Design Engineer Salary

(27 salaries)

₹3.5 L/yr - ₹8.5 L/yr

Project Engineer Salary

(9 salaries)

₹5 L/yr - ₹12 L/yr

Senior Software Engineer Salary

(AmbitionBox Estimate)

₹14.2 L/yr - ₹18.2 L/yr

Production Officer Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.8 L/yr

Assistant Engineer Salary

(5 salaries)

₹2.1 L/yr - ₹2.8 L/yr

Production Manager Salary

(24 salaries)

₹9 L/yr - ₹18.5 L/yr

Design Engineer Salary

(29 salaries)

₹3 L/yr - ₹11.15 L/yr

Salary related reviews for Varroc Group

Junior Engineer in Pune

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 .

Dislikes

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

Senior Engineer in Aurangabad

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.

Dislikes

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

Shift Incharge in Aurangabad

Procurement & Supply Chain Department

3.0

• posted on 20 May 2019

1.0

for Salary and Benefits

Likes

Varroc was a first step of my carrier. Boss was good and always ready to share knowledge.

Dislikes

... and discipline culture. Management has a good Control over plant and employees. Salary structure is not as per the reputation.

Lead in Pune

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 19 Sep 2024

1.0

for Salary and Benefits

Likes

Nothing at all!

Dislikes

...xceeded 40%, which speaks volumes about the dissatisfaction of the workforce. 8. False Promises: If you want career growth or even a clear understanding of your salary structure, this is not a place for you. Advice to the Management: Focus on building a transparent, employee-focused culture. Stop the boss-pleasing culture and start recognising genuine talent.

Quality Executive in Aurangabad

Full Time

Quality Assurance Department

3.0

• posted on 14 Jul 2024

3.0

for Salary and Benefits

Likes

Supportive colleges. Salary on time.

Dislikes

Company Work culture. No promotion even after you are Handling and Work as Leading position. Promotion and Rating Changes Done By HR and Given to HR Relatives even after they are not Capable and don't know there work. (Need HR to work like HR)

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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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 ₹7.0 Lakhs for less than 1 year of experience to 12 years. According to our estimates it is 21% more than the average new Product Development Engineer Salary in India. Salary estimates are based on 9 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 21% more 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
Mando Automotive new Product Development Engineer Salary - ₹4.4 Lakhs to ₹5.1 Lakhs per year
Keihin Fie new Product Development Engineer Salary - ₹2.8 Lakhs to ₹5.8 Lakhs per year
Bharat Forge new Product Development Engineer Salary - ₹3.9 Lakhs to ₹5.6 Lakhs per year

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

Motherson Automotive Technologies and Engineering new Product Development Engineer Salary - ₹2.9 Lakhs to ₹7.5 Lakhs per year
Suprajit Engineering new Product Development Engineer Salary - ₹3.5 Lakhs to ₹5.5 Lakhs per year
UNO Minda new Product Development Engineer Salary - ₹2.0 Lakhs to ₹6.6 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

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 ₹34,308 per month to ₹35,558 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 ₹7.0 Lakhs per year for employees with less than 1 year of experience to 12 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, 43% of the Varroc Group new Product Development Engineers reported a notice period of 15 days or less, 43% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 7 responses on AmbitionBox in last 2 years.

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Varroc Group new Product Development Engineer Salaries

Varroc Group new Product Development Engineer salary in India ranges between ₹2.4 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Varroc Group latest salaries received from various employees of Varroc Group.