Amid slowdown, top heads salaries grow in double digit for FY-15

Amid slowdown, top heads salaries grow in double digit for FY-15

The Indian automotive sector on a path of slow recovery but some leading automobile firms doubled the salaries of top heads for taking additional responsibility. A recent report on compensation trends found that top executives in seven companies show that while most such executives received double-digit pay hikes, in some cases the compensation was doubled or tripled. Ashok Leyland managing director got 213.21% increase in pay followed by TVS Motor, Mahindra & Mahindra, Tata Motors and Bajaj Auto. Even the amid slowdown, companies paid higher payouts to company heads and seniors in executive roles to retain them for future growth and maintain continuity.

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