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
5822 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
Women Parliamentarians and Freight Workers Meet to Discuss Gender Inclusion in India's EV Transition
Angitha Suresh
30 Mar 2026
A dialogue in New Delhi brought together lawmakers, truck drivers, and fleet operators to address barriers facing women ...
Oil India, CSIR-IMMT Sign MoU for Joint Research in Critical Minerals
Arunima Pal
30 Mar 2026
According to the statement, the agreement is intended to facilitate joint R&D initiatives in areas related to critical m...
Setco Automotive to Sell Majority Stake in Subsidiary to RSB Transmissions for Up to ₹510 Crore
Angitha Suresh
30 Mar 2026
The Mumbai-listed auto components maker has agreed to divest its controlling interest in Setco Auto Systems Private Limi...
