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
5972 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
Lumax’s New R&D Center in Bengaluru Fuels Drive Toward Modular Integration
Shahkar Abidi
12 Jun 2026
The Tier 1 supplier deploys its new software hub to drive mechatronics growth and localize electronic control modules as...
Delhi NCR EV Startup Trevel Closes $1 Million Funding Round
Sarthak Mahajan
12 Jun 2026
The Gurugram-based premium electric vehicle mobility platform, backed by India Accelerator and the Haldiram Family Offic...
Maserati Partners with Navnit Motors for Direct Sales and Aftersales Operations in Western and Central India
Dev Vadchhedia
12 Jun 2026
The Italian luxury car manufacturer expands its domestic retail network with a new Mumbai hub to manage regional distrib...
