Hyundai Motor India shares hit record high on signing 3-year wage pact with employees union

Hyundai Motor Indias shares hit a record, rising 2.3% to Rs 2,711.10 on the NSE, after signing a three-year wage settlement with the United Union of Hyundai Employees (UUHE). The agreement, covering April 2024 to March 2027, includes what the company calls an industry-best salary hike of Rs 31,000 per month, phased in over three years in a 55:25:20 ratio.