Delhi

Hi,
As one of my friends is currently pursuing this course from NSIT, I think I can relate to this question much better.
MPAE is not a new branch, it was introduced a few years back. Well, the course is much similar to that of mechanical engineering but not completely same.
Competition for tech. jobs in this branch is very high as mechanical students also sit for the same companies. Competition is very tough in non-technical companies too because all branches are allowed to sit in these companies. MPAE is a great branch with ample of opportunities for every hardworking student.
If you are aiming for GATE then this is not the right branch for you, since GATE is only eligible for those who are in core branches, and MPAE is not a core branch.
Since syllabus of MPAE is very interesting and research oriented most people opt for foreign universities.
Renowned automobile companies like Toyota, Maruti, Hero, Honda, Mahindra visit campus for placements.
Talking about the highest package offered to MPAE student was 40 LPA by Schlumberger in the year 2015.
And the average package is 8-10 LPA (Only a few percent of students placed from MPAE batch).
So you can expect a total of 50-60% students get placed in both tech/non-tech companies. The rest percent choose to go for higher studies or remains unemployed.
I hope this helps you.