Hyundai Motor India Stock Hits Record High On Three-Year Wage Deal With Employee Union

Hyundai Motor India's share price hit a record high in afternoon trade on Wednesday, Sept. 17, after the auto major signed a three-year wage deal with its employee union. Hyundai Motor India announced the successful conclusion of a long-term wage settlement with the United Union of Hyundai Employees (UUHE) for the period April 2024 to March 2027.

The agreement provides an 'industry-best', structured salary hike of Rs 31,000 per month, spread across three years in the ratio of 55%, 25% and 20%. Alongside the hike, Hyundai Motor will continue to provide employee welfare, offering best-in-class health cover and wellness programmes.

Commenting on the development, Youngmyung Park, Function Head - People Strategy at Hyundai Motor India, said, "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 prioritizes employee welfare and supports long-term organisational growth."

The, UUHE, which was registered in 2011, is the officially-recognised employee body or Hyundai Motor India's representative body of the workforce. As of August 31, 2025, UUHE had 1,981 members, representing nearly 90% of the technician and workmen cadre at Hyundai's operations.

Hence, the monthly employee compensation will be hiked by Rs 31,000 for over three years. Hyundai said the long-term wage settlement for mostly technician/workmen cadre will be effective from April 1, 2024, to March 31, 2027.

On Wednesday, shares of Hyundai Motor India opened at Rs 2,615 and gained nearly 2% intraday to hit a record 52-week high of Rs 2,660 apiece against the NSE Nifty 50 benchmark's gain of 1.82%. As of Sept 17, the auto giant commands a market cap of Rs 2,15,441.21 crore.

Shares of Hyundai Motor India have gained 3.52% in the last five sessions, 18.31% in one month, 36.7% in three months, and 61.2% in the last six months. On a year-to-date basis, the stock has gained 46.7% and 45.7% in one year. The relative strength index was 56.01.