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 icon4237 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
BorgWarner Secures Seven-Year Controller Supply Contract with Undisclosed Off-Highway Manufacturer

auther Shruti Shiraguppi calendar23 Apr 2026

The contract, running through December 2032, covers eight families of engine, machine, power module, and battery managem...

Venttup Names Former Tesla India Director Prashanth Menon as Strategic Advisor

auther Sarthak Mahajan calendar23 Apr 2026

MaaS startup Venttup brings on board a seasoned global strategist to steer its expansion plans, strengthen operations, a...

Uno Minda Enters Coolant Market with Two-Variant Range for Extreme Temperatures

auther Shruti Shiraguppi calendar23 Apr 2026

The OAT-based tropical and anti-freeze coolants are priced between ₹272 and ₹575, and will be available across offline a...