The three-year wage settlement will be implemented with retrospective effect from April 1, 2024, and will remain effective until March 31, 2027, according to a statement.
The revised all-inclusive package will see a salary increase of Rs.31,0000 per month, structured over a three-year period in the ratio of 55%, 25%, and 20%.
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, it 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,” said Youngmyung Park, Function Head – People Strategy, HMIL.
In the previous wage agreement signed with UUHE in 2022, the average salary increase was Rs. 28,200 per month, spread over three years.
HMIL’s two factories at Sriperumbudur can produce up to 8.24 lakh vehicles per annum.
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 the technician/workmen cadre).