PPAP Automotive Ltd Partners with Hutchinson, to Develop Advanced Body Sealing Systems for India's Passenger Vehicle Industry

PPAP Automotive Limited ("PPAP"), a leading manufacturer of Automotive Sealing Systems, Interior and Exterior Automotive Parts, has entered into a technology partnership agreement with Hutchinson, a global Group specializing in critical, high-performance multi-material solutions for demanding automotive, aerospace and industrial applications.

Under the agreement, PPAP will partner with Hutchinson to manufacture advanced body sealing systems in India for the passenger vehicle segment, leveraging Hutchinson's advanced technologies, licensed knowhow and ongoing technical support.

The collaboration significantly strengthens PPAP's technological capabilities and broadens its automotive body-sealing systems portfolio, enabling the Company to better address the evolving requirements of both global and domestic OEMs operating in India. Production of these products will be undertaken through PPAP Automotive Limited's existing manufacturing facilities across India, ensuring efficient localization and scalability.

This partnership represents another important strategic milestone in PPAP's journey towards enhancing technology-driven growth, increasing value-added content per vehicle, and further deepening its engagement with automotive OEMs across both conventional and next-generation mobility platforms.

Commenting on this development, Abhishek Jain, Managing Director & CEO of PPAP Automotive Limited, said, "We are delighted to partner with Hutchinson, a globally recognized leader in automotive body-sealing technologies. This collaboration marks a significant step forward in strengthening our technology ecosystem and expanding our capabilities in advanced automotive solutions. By combining HUTCHINSON's global expertise with PPAP's strong manufacturing presence and customer relationships in India, we aim to deliver future ready, innovative, high-quality body-sealing solutions that meet the evolving requirements of automotive OEMs. We believe this partnership will not only reinforce our position in the Indian automotive industry but also create sustainable long-term growth opportunities across both conventional and next-generation mobility platforms."

"This partnership with PPAP Automotive Limited reflects our ambition to bring our technologies and expertise to one of the world's most dynamic automotive markets", said Frédéric Le Du, Senior Vice President Asia of Hutchinson. "By combining PPAP's strong industrial footprint and deep understanding of local OEM expectations with Hutchinson's expertise in high-performance multi-material and critical engineering systems, this collaboration will support the evolving needs of passenger vehicle manufacturers in India with reliable and competitive body sealing solutions".

Shares of PPAP Automotive Limited was last trading in BSE at Rs. 244.65 as compared to the previous close of Rs. 205.50. The total number of shares traded during the day was 91608 in over 1981 trades.

The stock hit an intraday high of Rs. 246.60 and intraday low of 215.00. The net turnover during the day was Rs. 22031003.00.

Source : Equity Bulls

Keywords

PPAPAutomotive INE095I01015 Partnership Hutchinson