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

Automobile companies posted record profits in 2016-17

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 this. 
 

The second highest jump was that of Siddhartha Lal, managing director and chief