Hero MotoCorp's Pawan Munjal volunteers to take 20% salary cut
The updated remuneration of the Executive Chairman will be effective 1 January, 2024.
5590 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
Renault Brings Back Iconic Duster SUV with Strong Hybrid, Turbo Engine
Kiran Murali
26 Jan 2026
The price will be revealed in March, with deliveries of the turbo variant starting in April, followed by the strong hybr...
India Plans Sharp Cut in Car Import Tariffs to 40% Under Proposed EU Trade Pact: Reuters
Arunima Pal
25 Jan 2026
According to Reuters, the Indian government has agreed to immediately reduce duties on a limited number of EU-built cars...
Weekly News Wrap: Truck Makers go Aggressive; Toyota, Skoda Expand Portfolios
Autocar Professional Bureau
25 Jan 2026
Product launches dominated the week, with new trucks from Tata Motors and Ashok Leyland and fresh action in the SUV segm...
