By Bl Chennai Bureau

Copyright thehindubusinessline

Hyundai Motor India Ltd [HMIL] and the United Union of Hyundai Employees [UUHE], the recognised union, today announced the successful conclusion and signing of a mutually beneficial wage settlement agreement for the period 2024–2027.

The long-term wage settlement will be effective from April 1, 2024, through March 31, 2027. The revised all-inclusive compensation package sets a new benchmark in the automotive industry.

The package includes a salary increase of ₹31,000 per month, structured over a three-year period in the ratio of 55 per cent, 25 per cent, and 20 per cent. In addition to the salary increase agreed between the company and the union, HMIL continues to lead the industry in employee welfare, including best-in-class health coverage and advanced wellness programmes.

Youngmyung Park, Function Head – People Strategy, HMIL, stated, “At Hyundai, our people are the cornerstone of our success. 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.”

Registered in 2011, the United Union of Hyundai Employees [UUHE] is the officially recognised representative body for the Hyundai Motor India Ltd [HMIL] workforce. As of August 31, 2025, UUHE represents a membership of 1,981 employees (90 per cent of technician/workmen cadre), reflecting its continued commitment to advocating for employee welfare, rights, and constructive engagement with the management, the release said.

Published on September 17, 2025