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.
By Autocar Professional Bureau
6021 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
Ferrari Showcases New Amalfi Spider to Mark India Launch
Dev Vadchhedia
17 Jul 2026
The V8 2+ spider will be showcased across Mumbai, Delhi and Bengaluru at Ferrari's official dealerships.
ICRA Projects Non-Linear Capex Surge for Automakers Under Stricter CAFE-III Draft
Dev Vadchhedia
17 Jul 2026
Rating agency estimates a ₹38,000 crore fuel saving potential but warns of margins and pricing pressure for ICE-heavy PV...
Proposed CAFE-III Norms to Drive Domestic Ethanol Supply and Flex-Fuel Integration: GEMA
Dev Vadchhedia
17 Jul 2026
The Grain Ethanol Manufacturers Association states that the draft compliance framework establishes long-term policy visi...
