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.
You may also like
Thomas Skinner makes promise to Amy Dowden after dividing fans
J-K: BJP leader Altaf Thakur says 'Namo Yuva Run' receiving great response
Fergie called Jeffrey Epstein 'supreme friend' despite sex convictions
New Yorkers visit Blackpool for first time and leave gobsmacked by one thing
"He has only destroyed Congress....No voter is with him," BJP's Dilip Jaiswal slams Rahul Gandhi over H-1B visa criticism
