Varroc Group Product Engineer Salaries by 20+ Employees (Updated 2025)

1 - 6 years exp.

₹5 Lakhs - ₹15.9 Lakhs

Salary of majority employees

15% more than the average Product Engineer Salary in Auto Components Companies for 1 - 6 years of experience

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Salaries in different departments

Research & Development Product Engineer Salary 1 - 6 years exp. (15 salaries)	₹5 L/yr - ₹17.4 L/yr
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Production, Manufacturing & Engineering Product Engineer Salary 1 - 3 years exp. (3 salaries)	₹5 L/yr - ₹9.3 L/yr

Last Updated: 21 Feb 2025

Companies similar to Varroc Group for Product Engineer

Company name	Avg Annual Salary	Open Jobs
SKF Product Engineer Salary 2 - 10 years exp. (26 salaries)	₹4.5 L/yr - ₹15 L/yr 5% less	2 job openings
Magna International Product Engineer Salary 0 - 7 years exp. (9 salaries)	₹3.6 L/yr - ₹12 L/yr 17% less
Login to view exact salary
Delphi TVS Product Engineer Salary 0 - 6 years exp. (7 salaries)	₹1.8 L/yr - ₹4 L/yr 71% less
Hitachi Astemo Product Engineer Salary 2 - 7 years exp. (5 salaries)	₹4.2 L/yr - ₹7.5 L/yr 43% less
Faurecia Product Engineer Salary 10 - 12 years exp. (5 salaries)	₹8 L/yr - ₹9.4 L/yr 11% less	2 job openings
Endurance Technologies Product Engineer Salary 15 years exp. (4 salaries)	₹0.3 L/yr - ₹50 L/yr 54% more
TVS Sundram Fasteners Product Engineer Salary 4 - 5 years exp. (4 salaries)	₹3.2 L/yr - ₹4 L/yr 64% less
Steel Strips Wheels Product Engineer Salary 3 - 6 years exp. (4 salaries)	₹3 L/yr - ₹4 L/yr 62% less
Michelin Product Engineer Salary 0 - 4 years exp. (3 salaries)	₹4.3 L/yr - ₹8 L/yr 31% less
JBM Group Product Engineer Salary 0 - 7 years exp. (3 salaries)	₹3.6 L/yr - ₹4.2 L/yr 61% less

Product Engineer salary at Varroc Group ranges between ₹5 Lakhs to ₹15.9 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 22 latest salaries received from various employees of Varroc Group.

Experience wise Varroc Group Product Engineer salaries

Last Updated: 21 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹5 L/yr - ₹16 L/yr
2 years (4 salaries)	₹5 L/yr - ₹10 L/yr
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3 years (4 salaries)	₹5 L/yr - ₹17.1 L/yr
4 years (3 salaries)	₹5 L/yr - ₹15 L/yr
5 years (6 salaries)	₹5 L/yr - ₹18 L/yr
6 years (3 salaries)	₹6.2 L/yr - ₹18.2 L/yr

View all

Similar Designation salaries in Varroc Group

Project Engineer Salary

(8 salaries)

₹5 L/yr - ₹10.5 L/yr

Lead Engineer Salary

(20 salaries)

₹8 L/yr - ₹19.5 L/yr

Senior Engineer Salary

(287 salaries)

₹2.75 L/yr - ₹9.45 L/yr

System Engineer Salary

(5 salaries)

₹9 L/yr - ₹16 L/yr

Software Engineer Salary

(5 salaries)

₹4.2 L/yr - ₹11.35 L/yr

Lead Software Engineer Salary

(4 salaries)

₹19 L/yr - ₹23 L/yr

Senior Software Engineer Salary

(3 salaries)

₹6 L/yr - ₹25.5 L/yr

Programmer Analyst Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Team Lead Salary

(32 salaries)

₹6.5 L/yr - ₹27.43 L/yr

Technical Lead Salary

(5 salaries)

₹12 L/yr - ₹16.53 L/yr

Top skills at Varroc Group for Product Engineer

Product Engineering TeX Salary Negotiation Procurement management AutoCAD Simulation Simulink Engineering Customer Interaction Manufacturing Engineering Basic Ansys C MATLAB Product Management

Salary related reviews for Varroc Group

3.1

Rated by 7 employees for salary & benefits

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.

Salary - Good

+5 more

Dislikes

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

Graduate Trainee in Pune

Full Time

Production, Manufacturing & Engineering Department

2.0

• posted on 07 Feb 2025

4.0

for Salary and Benefits

Likes

For on campus freshers the salary is good.

Salary - Good

Dislikes

Apart from salary everything else is pretty bad. You get put into any departments at any location at random. Doesn't matter your specialization, you'll be put into departments that are not at all relevant to you. On top of that you will be into a completely different department after one year that has no relation with the first one. So now, in your resume, you have one year experience in one field and another year experience in a completely different field and your bachelor's specialization is in a completely different field.

Skill development - Bad

+3 more

NPD Engineer in Aurangabad

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

Skill development - Poor

+4 more

Engineer in Aurangabad

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 26 Dec 2024

1.0

for Salary and Benefits

Likes

Only salary on time

Dislikes

a) 3 month unwanted notice period mandatory to serve after maneger approval for one month. Short fall days payout facility not available. b) Year end review not based on performance c) It's based on politics, bad work Culture d) Canteen facility very poor e) punch in time very strictly and it's deducted from leaves. f) Not working as job profile g) Not any training provided h) 2 time layoff by varroc in one month and no any advance information i) No based on system work

Salary - Bad

+6 more

Engineer in Chennai

Full Time

Other Department

1.0

• posted on 06 Dec 2024

1.0

for Salary and Benefits

Likes

Salary will credited at 1st of month

Dislikes

1. Worst company culture 2. Less knowledged superiors 3. Egoistic higher officials 4. Worst HR culture 5. Any time they can fire anyone if higher people has vengeance on someone 6. Worst job structure 7. No hygiene food and toilets 8. No proper hike 9. No job security

Salary - Bad

+6 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Varroc Group Product Engineer Salary FAQs

What is the salary of Product Engineer at Varroc Group ?

The average salary of a Product Engineer at Varroc Group in India typically ranges from ₹5.0 Lakhs to ₹15.9 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Product Engineer at Varroc Group earn more than ₹15.9 Lakhs per year, and the top 1% earn over ₹18.2 Lakhs per year. Product Engineer Salaries at Varroc Group 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 20+ Varroc Group employees in India.

What is the estimated take home salary of a Product Engineer at Varroc Group in India?

The estimated take-home salary of a Product Engineer at Varroc Group in India typically ranges from ₹69,963 to ₹71,761 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹15.9 Lakhs per year for employees with experience ranging from 1 year to 6 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 20+ salaries received from various employees of Varroc Group. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Product Engineer at Varroc Group ?

To be a Product Engineer at Varroc Group in india, the key skills required include:

- Product Engineering
- TeX
- Salary Negotiation
- Procurement management
- AutoCAD

These skills are highly valued at Varroc Group and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Varroc Group for Product Engineer in India?

Endurance Technologies

₹0.3 Lakhs to ₹50.0 Lakhs per year

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

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

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

SKF	₹4.5 Lakhs to ₹15.0 Lakhs per year
Faurecia	₹8.0 Lakhs to ₹9.4 Lakhs per year
Magna International	₹3.6 Lakhs to ₹12.0 Lakhs per year
Michelin	₹4.3 Lakhs to ₹8.0 Lakhs per year
Hitachi Astemo	₹4.2 Lakhs to ₹7.5 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 Engineer at Varroc Group in India?

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

Experience	Average Salary Range
1 year	₹5.0 Lakhs to ₹16.0 Lakhs per year
2 years	₹5.0 Lakhs to ₹10.0 Lakhs per year
3 years	₹5.0 Lakhs to ₹17.1 Lakhs per year
4 years	₹5.0 Lakhs to ₹15.0 Lakhs per year

and so on.

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Varroc Group Product Engineer Salaries

Varroc Group Product Engineer salary in India ranges between ₹5 Lakhs to ₹15.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 22 Varroc Group latest salaries received from various employees of Varroc Group.