Hyundai India Finalizes Wage Agreement with Union

Speedy Summary

• Hyundai Motor India limited (HMIL) has signed a wage settlement agreement with the United Union of Hyundai Employees (UUHE) for the 2024-2027 period.
• The wage settlement will be effective from April 1, 2024, through March 31, 2027.
• it includes a salary increase of ₹31,000 per month distributed over three years in a ratio of 55%, 25%, and 20%.
• HMIL highlighted its focus on employee welfare with industry-leading health coverage and advanced wellness programs.
• Youngmyung Park,Function Head – People Strategy at HMIL,emphasized that the agreement reflects mutual trust and respect to foster workplace culture and organizational growth.
• UUHE is an officially recognized union representing HMIL workforce since its registration in 2011. As of August 31,2025,it represents over 1,981 employees (90% technician/workmen cadre).

Indian Opinion Analysis

Hyundai Motor India’s latest wage settlement highlights a proactive approach to labor relations by addressing employee concerns through structured agreements.The salary increase spread across three years ensures financial stability for workers while maintaining manageable increments for the company’s operational planning. Additionally,enhancing employee welfare with robust health coverage further strengthens worker satisfaction and loyalty.

The recognition granted to UUHE as a representative body underscores the importance of organized labor in ensuring constructive dialogues between employees and management.Such agreements set an example within India’s manufacturing sector on how well-negotiated solutions can enhance industrial harmony without compromising business objectives.

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