Korean automaker Hyundai Motor India Wednesday said it has reached a three year wage agreement with workers at its manufacturing facility near Chennai, Tamil Nadu.
The package - which will be effective from April 1, 2024 through March 31, 2027 - includes an industry-best salary increase of Rs 31,000 per month, structured in the ratio of 55%, 25%, and 20% over the three-year period. In addition to the salary increase agreed between the company and the union, the company will health coverage and advanced wellness programs.
“Hyundai Motor India Limited [HMIL] and United Union of Hyundai Employees [UUHE], the recognized union today announced the successful conclusion and signing of a mutually beneficial wage settlement agreement for the period 2024–2027”, the company said in a statement, adding, “The revised all-inclusive compensation package sets a new benchmark in the automotive industry.”
Youngmyung Park, Function Head - People Strategy, HMIL, said, “This agreement, built on mutual trust, respect, and constructive dialogue, reflects our shared commitment to fostering a progressive workplace culture that prioritizes employee welfare and supports long-term organizational growth.”
Registered in 2011, the United Union of Hyundai Employees [UUHE] is the officially recognized 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), advocating for employee welfare, rights, and constructive engagement with management.
The package - which will be effective from April 1, 2024 through March 31, 2027 - includes an industry-best salary increase of Rs 31,000 per month, structured in the ratio of 55%, 25%, and 20% over the three-year period. In addition to the salary increase agreed between the company and the union, the company will health coverage and advanced wellness programs.
“Hyundai Motor India Limited [HMIL] and United Union of Hyundai Employees [UUHE], the recognized union today announced the successful conclusion and signing of a mutually beneficial wage settlement agreement for the period 2024–2027”, the company said in a statement, adding, “The revised all-inclusive compensation package sets a new benchmark in the automotive industry.”
Youngmyung Park, Function Head - People Strategy, HMIL, said, “This agreement, built on mutual trust, respect, and constructive dialogue, reflects our shared commitment to fostering a progressive workplace culture that prioritizes employee welfare and supports long-term organizational growth.”
Registered in 2011, the United Union of Hyundai Employees [UUHE] is the officially recognized 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), advocating for employee welfare, rights, and constructive engagement with management.
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