Hyundai to Raise Employee Pay by ₹31,000 Over Three Years

Hyundai Motor India has finalized a long-term wage settlement that will boost monthly salaries of its technician and workmen cadre by ₹31,000, spread across three years from April 1, 2024, to March 31, 2027.

The agreement, signed with the United Union of Hyundai Employees (UUHE), outlines that the increment will be rolled out in phases — 55% in the first year, followed by 25% in the second year, and 20% in the final year. The company highlighted that this is one of the most competitive pay hikes in the industry.

Alongside the salary increase, Hyundai confirmed that existing employee welfare benefits such as health coverage and wellness initiatives will remain in place.

“This settlement is a product of mutual trust and constructive dialogue. It reaffirms our commitment to creating a progressive workplace culture that balances employee well-being with long-term business growth,” said Youngmyung Park, Function Head – People Strategy at Hyundai Motor India.

UUHE, established in 2011, represents nearly 90% of Hyundai’s technician and workmen workforce, with 1,981 members as of August 31, 2025.

Following the announcement, Hyundai Motor India’s shares rose 1.69% to ₹2,646 on the BSE.

Source: PTI