Tata Motors seeks shareholders’ nod to ratify MD and CEO Guenter Butschek’s salary for FY20 Special resolution also seeks a salary hike for FY21. Tata Motors CEO Butschek draws Rs 22.55 cr salary in FY17(This story has not been edited by timesofindia.com and is auto–generated from a syndicated feed we subscribe to. As for Butschek, the report said he "joined on February 15, 2016 hence percentage increase in the remuneration is not comparable". Tata Motors has proposed an annual package of Rs28-29 crore per year for Guenter Butschek This will be his fifth and final year as director of Tata Motors.In comparison, Mahindra & Mahindra MD Pawan Goenka received Rs 10.03 crore as salary for 2019-20, and Maruti Suzuki MD Kenichi Ayukawa Rs 5.02 crore for 2018-19.As COVID-19 hit all automakers hard, the profitability of Tata Motors was affected by about Rs 500 crore and free cash flows by about Rs 2,000 crore during FY20.Butschek’s appointment at Tata Motors came after two years of intense global search under former Tata Sons chairman Cyrus Mistry following the death of previous MD Karl Slym.Butschek became the third foreigner to head Tata Motors (after Carl-Peter Foster and Slym).Before joining Tata Motors, he was the chief operating officer at Airbus, where he spent 30 months. 's salary was reduced by 6 per cent to Rs 1.22 crore in the year. The company’s passenger vehicle share fell from 14 percent to 5 percent in just four years as at 2016. As for Butschek, the report said he "joined on February 15, 2016 hence percentage increase in the remuneration is not comparable". There are no executives at Tata Motors getting paid more. Hence, even this year, they have placed such a proposal, he said.Barring FY19, Tata Motors posted a net loss each year since Butschek assumed office in February 2016.In fact, an auto analyst, who did not want to be named, said his report card on Butschek is “not good”.“The company had just one profitable year, it has not been able to shrug off non-core investments, it missed an opportunity to tie up with global majors, and did not fully recover from the losses in the M&HCV market share,” he explained.“Successes with products like Tiago helped, but no traction was seen with Harrier. Tata Motors Chief Financial Officer C Ramakrishnan also saw his salary trimmed by 2 per cent during the year to Rs 4.1 crore. Likewise, Executive Director Satish Borwankar, who has taken over as chief operating officer, drew a remuneration of Rs 2.14 crore last fiscal, a cut of 12 per cent. Similarly, Company Secretary Hoshang Sethna's salary was reduced by 6 per cent to Rs 1.22 crore in the year. also saw his salary trimmed by 2 per cent during the year to Rs 4.1 crore. For reprint rights: Times Syndication Service"Tata Motors CEO Butschek draws Rs 22.55 cr salary in FY17Tata Motors CEO Butschek draws Rs 22.55 cr salary in FY17Tata Motors CEO Butschek draws Rs 22.55 cr salary in FY17Core sector growth slows to 19-month low of 0.4 pc in JuneImmersive television viewing gets better and affordable with the OnePlus TV Y Series: A look at the top featuresRBI asks banks to enable account number portability took home over Rs 22.55-crore salary last fiscal, while other key officials saw their remunerations cut in a year when the company was saddled with losses.

He is also known as among the highest-paid employees in India. The oldest executive at Tata Motors Ltd. is Tata Motors Ltd. engages in the manufacture of motor vehicles. There are 2 older and 3 younger executives at Tata Motors. Addressing shareholders in the company's Annual Report 2016-17, Chandrasekaran stated that Tata Motors' standalone net revenue increased by 3.7 per cent to Rs 44,777 crore for the 12 months ended March 31, 2017 but standalone loss before tax for the year fell to Rs 2,421 crore, compared with Rs 67 crore in the prior year. He was paid Rs 22.55 crore last fiscal. What is the salary of Guenter Butschek?

NEW DELHI: Tata Motors' CEO and Managing Director Guenter Butschek took home over Rs 22.55-crore salary last fiscal, while other key officials saw their remunerations cut in a year when the company was saddled with losses. Independent Director R A Mashelkar's remuneration was at Rs 1.56 crore, up 47 per cent, while that of N was at Rs 1.44 crore, an increase of 27 per cent. What is the salary of Guenter Butschek? 7.