Volvo new Product Development Engineer Salaries by Employees

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₹9 Lakhs - ₹11.5 Lakhs

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Salary of majority employees

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Last Updated: 19 Oct 2023

Companies similar to Volvo for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Tata Motors new Product Development Engineer Salary 1 - 4 years exp. (14 salaries)	₹2 L/yr - ₹5.2 L/yr 66% less
Ashok Leyland new Product Development Engineer Salary 1 - 8 years exp. (10 salaries)	₹2 L/yr - ₹7.7 L/yr 65% less
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Mahindra & Mahindra new Product Development Engineer Salary 0 - 12 years exp. (8 salaries)	₹4.2 L/yr - ₹7.4 L/yr 46% less
Bharat Forge new Product Development Engineer Salary 3 - 8 years exp. (10 salaries)	₹3.9 L/yr - ₹5.6 L/yr 52% less
VE Commercial Vehicles new Product Development Engineer Salary 0 - 6 years exp. (3 salaries)	₹1.2 L/yr - ₹2.8 L/yr 78% less
Escorts Kubota Limited new Product Development Engineer Salary 0 - 2 years exp. (6 salaries)	₹2 L/yr - ₹3.8 L/yr 75% less
Suzuki Motorcycle new Product Development Engineer Salary 4 - 8 years exp. (5 salaries)	₹4.8 L/yr - ₹8.6 L/yr 31% less
Honda Cars new Product Development Engineer Salary 8 - 16 years exp. (5 salaries)	₹8.7 L/yr - ₹18.3 L/yr 38% more
Royal Enfield new Product Development Engineer Salary 3 - 4 years exp. (4 salaries)	₹1.8 L/yr - ₹2.5 L/yr 80% less
Ford Motor new Product Development Engineer Salary 5 - 6 years exp. (4 salaries)	₹4.5 L/yr - ₹11.1 L/yr 38% less
CNH Industrial new Product Development Engineer Salary 2 - 8 years exp. (3 salaries)	₹2.8 L/yr - ₹11.5 L/yr 38% less
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Daimler India Commercial Vehicles new Product Development Engineer Salary 4 - 6 years exp. (3 salaries)	₹3 L/yr - ₹5.3 L/yr 56% less

new Product Development Engineer salary at Volvo ranges between ₹9 Lakhs to ₹11.5 Lakhs per year for employees with less than 1 year of experience. Salary estimates are based on 1 latest salaries received from various employees of Volvo.

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Salary related reviews for Volvo

5.0

Rated by 1 employees for salary & benefits

Software Engineer in Bangalore / Bengaluru

Full Time

Project & Program Management Department

2.0

• posted on 19 Nov 2024

2.0

for Salary and Benefits

Likes

Less work pressure No much work

Work-life balance - Excellent

Dislikes

Salary Fire the employees if they don't have assignment as they don't have bench concept. No respect for knowledge People who are in management aren't here for decades without upgradation so they feel threat if they find any knowledgeable person next to their position. Internal politics

Salary - Poor

+5 more

Quality Checker in Bangalore / Bengaluru

Full Time

Quality Assurance Department

4.0

• posted on 04 Jul 2024

3.0

for Salary and Benefits

Likes

It's a good company offering a stable job and provide food and travel also and the work experience is also good and the good thing is two week offs.

Work satisfaction - Good

+1 more

Dislikes

Contractual job is not a future and salary is just ok

Skill development - Poor

+2 more

Senior Manager in Bangalore / Bengaluru

Full Time

Product Management Department

5.0

• posted on 27 Oct 2023

1.0

for Salary and Benefits

Likes

Likeable things are few but quite attractive. Managers are a must to die for. (I felt like killing myself every day) They listen to everything in detail but there is no assurance that would be done till you work there.

Job security - Excellent

+1 more

Dislikes

Like everyone salary and bonus are not correctly mapped. Senior engineers are getting less paid than some junior engineers. I have no complaint as I'm considered as one of the junior engineers. They will raise your salary as soon as you get another job outside.

Salary - Bad

+2 more

Senior Manager in Bangalore / Bengaluru

Full Time

Procurement & Supply Chain Department

4.0

• posted on 08 May 2021

3.0

for Salary and Benefits

Likes

...can learn a lot and develop our skills and knowledge. Work life balance is good. Salary hike is also good. Global manager support a lot with carrier growth and opportunities.

Skill development - Good

+1 more

Dislikes

There is a lot of politics and favoritism. Management style in India is very bad. Traditional way of doing and old school though process and old mind set. No young leaders in management. Lack of vision and future by Volvo India. Deny opportunity for young leaders to grow in the company

AGM (Group Manager) - Chassis in Bangalore / Bengaluru

Full Time

Research & Development Department

5.0

• posted on 17 Dec 2024

4.0

for Salary and Benefits

Likes

It's employee centric and trust based organization with well work life balance, transparent, inclusive and very good work culture

Salary - Good

+6 more

Dislikes

It's a global organisation but some policies are regional or country specific. Insurance policies and pay package is comparatively low per

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Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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Volvo new Product Development Engineer Salary FAQs

What is the notice period for new Product Development Engineer at Volvo?

According to AmbitionBox, 100% of the Volvo new Product Development Engineers reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Volvo new Product Development Engineer Salaries

Volvo new Product Development Engineer salary in India ranges between ₹9 Lakhs to ₹11.5 Lakhs. This is an estimate based on latest salaries received from employees of Volvo.