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The long-term wage settlement will be effective from April 1, 2024, through March 31, 2027. The revised all-inclusive compensation package sets a new benchmark in the automotive industry.
The package includes an industry-best salary increase of Rs 31,000 per month, structured over a three-year period in the ratio of 55%, 25%, and 20%. In addition to the salary increase agreed between the company and the union, HMIL continues to lead the industry in employee welfare including best-in-class health coverage and advanced wellness programs.
Youngmyung Park, function head - people strategy, HMIL, stated, “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 longterm organizational growth.”
Hyundai Motor India manufactures and sells passenger cars, along with vehicle parts and accessories. On the earnings front, consolidated net profit fell 8.1% year-on-year to Rs 1,369.23 crore in Q1 FY26, while net sales declined 5.6% to Rs 16,179.62 crore.
The counter hit an all-time high of Rs 2,653 in intraday today.
Hyundai Motor India (HMIL) has achieved total monthly sales of 60,501 units (domestic: 44,001 units + exports; 16,500 units), in August 2025.
Commenting on the sales performance, Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL said, “Transcending geographical boundaries, we at Hyundai Motor India take immense pride in ‘Make in India' and continue delivering world-class, value-driven products that are tailored for global markets. Our goal is to establish India as a strategic manufacturing base for emerging economies and to become Hyundai's largest export hub outside South Korea. This ambition is gaining strong traction month on month. Our exports grew by an impressive 21% year-on-year in August 2025. By synergizing world-class manufacturing technologies with the supremely skilled Indian workforce, we continue to play a pivotal role in supporting Government of India's ‘Atmanirbhar Bharat' initiative.”
Hyundai Motor India Ltd rose 1.21% today to trade at Rs 2475. The BSE Auto index is up 0.4% to quote at 56661.14. The index is up 6.73 % over last one month. Among the other constituents of the index, TVS Motor Company Ltd increased 1.12% and Samvardhana Motherson International Ltd added 0.66% on the day. The BSE Auto index went down 3.47 % over last one year compared to the 2.59% fall in benchmark SENSEX.
Hyundai Motor India Ltd has added 18.71% over last one month compared to 6.73% gain in BSE Auto index and 1.81% drop in the SENSEX. On the BSE, 1496 shares were traded in the counter so far compared with average daily volumes of 67229 shares in the past one month. The stock hit a record high of Rs 2624.3 on 19 Aug 2025. The stock hit a 52-week low of Rs 1542.95 on 07 Apr 2025.
Last week, a foreign brokerage initiated coverage with a 'Buy' rating and a target price of Rs 2,600, citing Hyundai’s strong product pipeline, planned capacity expansion, and supportive macroeconomic trends. The brokerage said the company’s “strategic catch-up” plan, including new launches and ramped-up production, would help it capture additional market share in the years ahead.