Hyundai Motor India Shares Surge 23.5% Post-GST Reform and Labor Agreement

Hyundai Motor India Ltd (HMIL) shares reached a record high of ₹2,745.70 on the National Stock Exchange, marking a 23.5% surge since August 14, 2025. The rally follows a three-year wage settlement with the United Union of Hyundai Employees, guaranteeing technicians and workmen a monthly salary increase of ₹31,000, distributed in a 55:25:20 ratio over the period.

Investor Optimism is further fueled by the company's expansion of its Talegaon plant in Maharashtra, which will boost annual production capacity to nearly 1.1 million units. The recent GST rate rationalization on small cars is expected to drive additional demand, reinforcing Hyundai's growth trajectory.

The Nifty Auto index has climbed 13% since mid-August, with Maruti Suzuki, Ashok Leyland, and Hero Motocorp leading gains. Despite rising labor costs, Hyundai's stock performance reflects strong confidence in its strategic direction.