Modern car India company signs three-year wage agreement with union.

In a statement submitted to the stock exchange, Hyundai Motor India Limited stated that it has signed a salary settlement agreement with the Hyundai Employee Union, planning to increase monthly salaries by 31,000 Indian rupees over a period of three years. This long-term salary agreement will take effect on April 1, 2024, and will be valid until March 31, 2027. During this three-year period, the monthly salary increase of 31,000 rupees will be implemented in stages at ratios of 55%, 25%, and 20%.