Hyundai Motor India Share Price Rises After Company Signs Long-Term Wage Settlement

Hyundai Motor India share price was nearly up by 2% as of 3:02 PM on September 17, 2025, after the company announced a significant development. Hyundai Motor India Limited (HMIL) has signed a long-term wage settlement agreement with the United Union of Hyundai Employees (UUHE), a move seen as vital for fostering stability and employee welfare.

Hyundai Motor India Signs Wage Settlement Agreement

Hyundai Motor India Limited and the United Union of Hyundai Employees concluded and signed a mutually beneficial wage settlement covering the period from April 1, 2024, to March 31, 2027.

The settlement ensures an all-inclusive compensation package, which includes an industry-best salary increase of ₹31,000 per month. This will be implemented in stages of 55%, 25%, and 20% over the 3-year period.

Focus On Employee Welfare

Beyond the wage hike, HMIL reaffirmed its leadership in employee welfare by continuing to offer best-in-class health coverage and advanced wellness programmes.

As per the exchange filings, Mr Youngmyung Park, Function Head - People Strategy at HMIL, emphasised, “At Hyundai, our people are the cornerstone of our success. This agreement, built on mutual trust, respect, and constructive dialogue, reflects our shared commitment to fostering a progressive workplace culture that prioritises employee welfare and supports long-term organisational growth.” 

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About The Union

The United Union of Hyundai Employees, registered in 2011, is the officially recognised representative body for Hyundai’s workforce in India. As of August 31, 2025, the union represents 1,981 employees, covering 90% of the technician and workmen cadre.

Its strong representation has enabled sustained constructive engagement with the management to protect employee rights and strengthen organisational growth.

Conclusion

The long-term settlement not only secures wage growth for employees but also reinforces Hyundai’s position as a responsible employer in the automotive industry. 

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