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Auto firms put chiefs' pay on the fast track; bosses earn portion of profit

Automobile companies posted record profits in 2016-17

Ajay Modi  |  New Delhi 

Automobile company bosses hit paydirt in 2016-17 as their companies posted record profits.  Vinod K Dasari, managing director of the country’s second biggest truck maker Ashok Leyland, earned Rs 12.89 crore during 2016-17, 60 per cent more than what he did a year ago. Ashok Leyland made a record consolidated profit of Rs 1,633 crore in 2016-17, up 49 per cent from the previous year. Automobile bosses earn a portion of their company’s profit as commission. Last year’s spurt in chief executive officer pay came largely because of ...


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First Published: Thu, July 27 2017. 00:50 IST