Country’s largest 2 wheeler maker Hero MotoCorp Ltd inks wage settlement pact

Q.  Which firm is Country’s largest two wheeler maker?
- Published on 06 Jul 16

a. Hero MotoCorp Ltd
b. Hero MotorCorp Ltd
c. Hero MotorisedCorp Ltd
d. None of the above

ANSWER: Hero MotoCorp Ltd
 
The largest two wheeler maker Hero MotoCorp Ltd has inked a wage settlement pact with permanent workers at Gurgaon Plant
  • This involves a while of INR 12500 spread over three years
  • The three year agreement will be implemented in retrospective effect commencing from August 1, 2015 till July 31, 2018
  • Earlier wage settlement was effective from August 1, 2012 to July 31, 2015
  • Company’s management and workers union has been reached after months of negotiations
  • As per the settlement, permanent workers of the Gurgaon facility have been provided a hike of INR 12,500 over three years

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