Remuneration of Tata Motors' bosses drops as turnaround takes effect

Tata Motors has executed a turnaround plan which has started yielding results

Remuneration of top executives and independent directors at Tata Motors, including that of its managing director and chief executive Guenter Butschek, saw a drop in fiscal 2018 over the last year amid company's efforts to contain costs and turnaround the domestic operations, according to company's latest annual report. 

Excluding Butschek, whose total remuneration (including perquisites) came down 10 per cent over a year ago, total payouts for most of the other executives remained unchanged even as perquisites fell.

Butschek's total compensation, including salary and perquisites, dropped to Rs 201 million against Rs 225 million a year ago. The reduction came