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.
5920 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
Exclusive: Motul India Plans New Manufacturing Line To Support Growth
Darshan Nakhwa
15 May 2026
The lubricant maker says India is now its single-largest market by volume, and expects it to grow between 10-15% annuall...
Delhi Government Suspends Purchase of New ICE Vehicles for 6 Months
Autocar Professional Bureau
15 May 2026
The announcement is part of the “My India, My Contribution” Delhi Action Plan, which the government said was launched in...
India Used-Car Market To Hit $70 Bn By FY31: Redseer Report
Darshan Nakhwa
15 May 2026
The report says India’s used-car market could reach 9-10 million units by FY31, expanding at 8-11% CAGR by volume, and m...
