The double-digit pay increase in fiscal 2021 compares with a 3% rise in FY20 when the nationwide lockdown had affected the last ten days of the fiscal year and the wallets of CEOs as many boards decided to freeze or cut the bonus and variable pay, thus taking away a large chunk from the salary of top executives.
Ashok Leyland slipped into the red in the April-June first quarter on lower operating leverage due to the loss of volumes on account of the second wave of the Covid-19 pandemic and high input costs.
With most part of his stint - spent under covid-19 challenges, Dasari had to manage the transition from highly successful UCE platform to new generation and J and P architectures.
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