Follow us
Hero MotoCorp launches VRS for staff
The VRS has been designed in line with the vision to make the organisation agile and ‘future-ready’.
4500 Views
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
Himadri Speciality Chemical Records Rs 231 Crore Net Profit in Q2 FY27
Dev Vadchhedia
18 Oct 2026
Himadri posts 58 percent revenue growth driven by advanced battery materials expansion and core segment demand.
India's Automotive AI Race Will Be Won on Data
Autocar Professional Bureau
17 Oct 2026
As connected vehicles, AI and supply-chain pressures reshape India’s automotive industry, the ability to unify data acro...
Mahindra & Mahindra’s stake in New Democratic Electoral Trust Falls to 49.63%
Arunima Pal
17 Oct 2026
NDET ceases to be a step-down subsidiary after an equity share allotment reduces the Mahindra group’s aggregate holding ...
