Maruti chief Kenichi Ayukawa’s salary up 6% at Rs 4.2 cr in 2016-17

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New Delhi | Published: August 15, 2017 10:13:27 AM

Maruti Suzuki India (MSI) Managing Director and CEO Kenichi Ayukawa took home a total remuneration of Rs 4.2 crore in 2016-17, an increase of 6.32 per cent from the previous fiscal.

maruti ceo, kenichi ayukawa, maruti suzuki ceo salary, kenichi ayukawa salaryMaruti Suzuki India (MSI) Managing Director and CEO Kenichi Ayukawa. (Reuters)

Maruti Suzuki India (MSI) Managing Director and CEO Kenichi Ayukawa took home a total remuneration of Rs 4.2 crore in 2016-17, increase of 6.32 per cent from the previous fiscal. According to the company’s Annual Report 2016-17, Ayukawa’s total remuneration during the year was at Rs 4,20,67,808, which also included a performance-linked bonus of Rs 1,50,39,000. In 2015-16, Ayukawa’s remuneration was Rs 3,95,44,573 which included performance-linked bonus of Rs 1,27,45,000. One of the important faces of the company, its Chairman R C Bhargava received a total remuneration of Rs 99 lakh in FY17, out of which Rs 91.5 lakh was commission and Rs 7.5 lakh was fee for attending board and committee meetings. In 2015-16, his total remuneration was at Rs 87.5 lakh inclusive of Rs 77.5 lakh as commission and Rs 10 lakh as fee for attending board/committee meetings. MSI’s parent Suzuki Motor Corp (SMC) Chairman Osamu Suzuki, who is a non-executive director in the Indian firm, received Rs 4 lakh during the year for attending board and committee meetings, which was also the same in 2015-16. Similarly, SMC President Toshihiro Suzuki, who is a also non-executive director in MSI, received Rs 6 lakh for attending board and committee meetings. In the preceding fiscal, he had received Rs 4 lakh for the same.

Former MSI Joint Managing Director Toshiaki Hasuike, who ceased to be a whole-time director on November 19, 2016 but continues as a non-executive director of the company, received a total remuneration of Rs 2.35 crore our of which Rs 82 lakh was performance-linked bonus in 2016-17. He had drawn Rs 3.41 crore, which included performance- linked bonus of Rs 1.08 crore in 2015-16.

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