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
5880 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
Rocklink India Opens Critical Materials Recycling Plant in Uttar Pradesh
Sarthak Mahajan
23 Apr 2026
The German-backed company's Sikandrabad facility aims to recover lithium, rare earth elements, and industrial metals, po...
Tesla Model Y L Finds a Sweet Spot Between Chinese Value and Luxury EVs
Darshan Nakhwa
22 Apr 2026
Tesla’s newest India launch does not win the sticker-price battle against Chinese rivals, but its positioning between BY...
Studds to Invest ₹150–160 Crore in Fifth Plant; Highest Automation Levels Planned
Mukul Yudhveer Singh
22 Apr 2026
New facility, set for commissioning in July 2026, will see 5–10% of the investment earmarked for automation as the helme...
