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Compensation for two-wheeler honchos outpace modest company earnings for FY-20

Compensation for two-wheeler honchos outpace modest company earnings for FY-20
Compensation for two-wheeler honchos outpace modest company earnings for FY-20
Pawan Munjal of Hero MotoCorp remained the highest paid two-wheeler company chief.

Synopsis

While Venu Srinivasan of TVS Motor was an exception, as he took a pay cut, Pawan Munjal of Hero MotoCorp, Bajaj Auto’s Rajiv Bajaj and Siddhartha Lal of Eicher Motors, which owns Royal Enfield, took home higher salaries, as per the annual reports of the companies for fiscal 2020. The compensation includes basic salary, perquisites, allowances and commission.

MUMBAI: The promoter-chairmen and managing directors of two-wheeler manufacturers drew a significantly higher compensation package in fiscal 2020 from the year before, despite a steep fall in the sales and profits of the companies.While Venu Srinivasan of TVS Motor was an exception, as he took a pay cut, Pawan Munjal of Hero MotoCorp, Bajaj Auto’s Rajiv Bajaj and Siddhartha Lal of Eicher Motors, which owns Royal Enfield, took home higher
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