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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
5862 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.
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