Hyundai India seals wage pact with Chennai plant union; employees to get Rs 31,000 salary boost

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Hyundai Motor India and its union, UUHE, have finalized a three-year wage agreement effective from April 2024 to March 2027. The agreement includes a substantial salary increase of Rs 31,000 per month, distributed over the period. This revised compensation package aims to set a new industry standard, reflecting a commitment to employee welfare and organizational growth.