Follow us
Hero MotoCorp's Pawan Munjal volunteers to take 20% salary cut
The updated remuneration of the Executive Chairman will be effective 1 January, 2024.
5989 Views
Dr. Pawan Munjal, Executive Chairman and whole time Director of Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, has volunteered to reduce his fixed salary by 20%.
The updated remuneration of the Executive Chairman will be effective 1 January, 2024.
Earlier this year, Dr. Munjal decided to separate the roles of Chairman and CEO, and appoint a CEO for the company. The two-wheeler maker's profit increased 47% to Rs 1,054 crore.
RELATED ARTICLES
India Drafts Mandatory Cybersecurity, Software-Update Rules for Connected and Autonomous Vehicles
Shahkar Abidi
27 Jun 2026
Draft MoRTH rules make cybersecurity (AIS-189) and software-update management (AIS-190) mandatory for M, N, T and other ...
Uber India and South Asia President Prabhjeet Singh Resigns Following Decade-Long Tenure
Autocar Professional Bureau
26 Jun 2026
Top executive departs after leading ride-hailing operations through urban market expansions and the roll-out of diversif...
Inside Tata Motors' Data Bet: What 12 Petabytes Actually Buys an OEM
Shahkar Abidi
26 Jun 2026
Onboard telematics data powers AI-driven fuel-efficiency tools and performance guarantees as the manufacturer shifts tow...
