Tata Motors cuts salaries of top executives amid losses
Tata Motors cut the salaries of its top executives last fiscal amid mounting losses in the companyâs India business. The sharpest drop in remuneration was that of Ravindra Pisharody, former commercial vehicles head, who quit in June and received around â¹2.31 crore, a 17% decrease from the previous year. COO Satish Borwankar saw a 12% cut to â¹2.15 crore.