Hyundai Salary Hike- Good news employees of Hyundai. Hyundai Motor India shares hit a new record high on Thursday. Share prices rose 2.3% to Rs 2,711.10 on the National Stock Exchange (NSE), marking the second consecutive session of gains. The surge came after the company completed a three-year wage agreement with its employees’ union. The agreement will provide employees with an “industry-best” salary increment of Rs 31,000 per month.
The automaker’s shares have risen 70% in the past six months, 11% in the past month and 50% so far in 2025. Hyundai Motor India said in a filing that it has signed a “mutually beneficial wage pact” with the United Union of Hyundai Employees (UUHE) for the period April 2024 to March 2027.
This salary increase will be distributed in three stages over three years: 55% in the first year, 25% in the second year, and 20% in the third year. The company also stated in a press release on Wednesday that the agreement includes “health coverage and upgraded wellness programs.” According to report, Yongmyoung Park, Function Head People Strategy, Hyundai Motor India, said that the agreement is built on mutual trust, respect and constructive dialogue and reflects a work culture that prioritises the well-being of employees and the long-term growth of the organisation.
Employee union representation
UUHE, registered in 2011, is the official representative body of Hyundai Motor India employees. As of August 31, it had 1,981 members, representing 90% of the company’s technicians and workers. Hyundai has described the revised package as “setting a new standard” in the automotive industry.