Business Update17 Sept 2025, 02:39 pm
Hyundai Motor India Signs Long-term Wage Settlement with United Union of Hyundai Employees
AI Summary
Hyundai Motor India Limited (HMIL) and the United Union of Hyundai Employees (UUHE) have signed a long-term wage settlement agreement for the period 2024-2027. The agreement includes an industry-best salary increase of INR 31,000/- per month, structured over a three-year period. HMIL continues to lead the industry in employee welfare, including best-in-class health coverage and advanced wellness programs. The UUHE, recognized in 2011, represents 90% of the technician/workmen cadre and is committed to advocating for employee welfare and constructive engagement with management.
Key Highlights
- Hyundai Motor India Limited (HMIL) and United Union of Hyundai Employees (UUHE) signed a long-term wage settlement agreement for 2024-2027
- The agreement includes an industry-best salary increase of INR 31,000/- per month
- The salary increase is structured over a three-year period in the ratio of 55%, 25%, and 20%
- HMIL leads the industry in employee welfare, including best-in-class health coverage and advanced wellness programs
- UUHE, founded in 2011, represents 90% of the technician/workmen cadre and is committed to employee welfare and constructive engagement with management