Eicher Motors re-appoints Siddhartha Lal as MD after revising salary

Eicher Motors' board has re-appointed Siddhartha Lal as the Managing Director for five years after revising his remuneration structure. The board has approved a revised remuneration structure for Lal, capped at 1.5% of profit. "Actual remuneration during FY21 was at 1.04% of profits, with the preceding years being at a lower percentage," the firm's Chairman S Sandilya said.