By The Hindu Bureau
Copyright thehindu
Hyundai Motor India Limited (HMIL) said it has signed a wage settlement agreement for the period 2024-2027 with United Union of Hyundai Employees (UUHE), its recognised union.
The long-term wage settlement will be effective from April 1, 2024, through March 31, 2027, the company said in a statement.
The package includes a salary increase of ₹31,000 per month, structured over a three-year period in the ratio of 55%, 25%, and 20%, the company said.
In addition to the agreement, HMIL continues to lead the industry in employee welfare, including best-in-class health coverage and advanced wellness programmes.
“This agreement, built on mutual trust, respect, and constructive dialogue, reflects our shared commitment to fostering a progressive workplace culture that prioritises employee welfare and supports long-term organisational growth,” Youngmyung Park, Function Head – People Strategy, HMIL, said.
Registered in 2011, the United Union of Hyundai Employees [UUHE] is the officially-recognised representative body for the workforce of Hyundai Motor India Limited (HMIL).
As of August 31, 2025, UUHE represents a membership of 1,981 employees (90% of technician/workmen cadre), reflecting its continued commitment to advocating for employee welfare, rights, and constructive engagement with management, the company said.
