Hero MotoCorp launches VRS for staff

The VRS has been designed in line with the vision to make the organisation agile and ‘future-ready’.

Autocar Professional BureauBy Autocar Professional Bureau calendar 05 Apr 2023 Views icon3740 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Hero MotoCorp launches VRS for staff

Motorcycle and scooter manufacturer Hero MotoCorp has launched a voluntary retirement scheme (VRS) for its staff. 

The VRS has been designed in line with the vision to make the organisation agile and ‘future-ready’, consolidating roles and reducing layers to increase empowerment and agility, and is expected to improve efficiency within the company through a lean and more productive company.

Applicable to all staff members, the VRS offers a package that includes among other benefits, a one-time lump-sum amount, variable pay, gifts, medical coverage, retention of company car, relocation assistance, career support etc.

RELATED ARTICLES
Next-Gen Tata Harrier and Safari Likely to Feature All-Wheel Drive System

auther Autocar India calendar05 Jul 2025

The second-gen Harrier and new-gen Safari are codenamed Taurus and Leo, respectively.

Exclusive - Tata Motors Plots Comeback with New Nexon, Sierra, Avinya Brand and Compact Lifestyle SUV in Rs 35,000 Cr Overhaul

auther Ketan Thakkar calendar05 Jul 2025

Tata targets ₹10–20 lakh sweet spot and premium electric space with multi-platform offensive across ICE, EV, and hybrid ...

Exclusive: Tata Motors Partners Desay SV to Accelerate Software-Defined Vehicle Strategy

auther Ketan Thakkar calendar05 Jul 2025

Desay SV to support Tata Motors in building SDV platform for EVs and ICE vehicles across segments.