PPAP Automotive shares rally over 17%on partnering with French firm to develop sealing systems for PVs

Shares of PPAP Automotive Ltd rallied as much as 17.49% to hit an intraday high of ₹241.74 apiece on the National Stock Exchange (NSE) on Thursday, June 11, after entering into a technology partnership agreement with French firm Hutchinson to develop advanced body sealing systems for India’s passenger vehicle (PV) industry.

At around 11:24 AM, the stock was trading 15.06% higher at ₹236.75 per equity share.

The scrip has gained 14% in the past week but lost more than 1% over the month. On a year-to-date basis, it has jumped 12%.

While the share hit a 52-week high of ₹294.79 per unit on October 29, 2025, it touched a year’s low of ₹176 on March 30, 2026.

Under the agreement, the Noida-based firm will partner with Hutchinson to manufacture advanced body-sealing systems in India for the passenger-vehicle segment, leveraging Hutchinson’s advanced technologies, licensed know-how, and ongoing technical support, according to a regulatory filing.

The firm stated that production of the products will be undertaken through its existing manufacturing facilities across India, ensuring efficient localisation and scalability.

As per the company, the 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 the development, Abhishek Jain, Managing Director & CEO of PPAP Automotive Ltd, 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.”

Jain added that the partnership will not only reinforce the company’s 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.

He stated that 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.”

PPAP Automotive Ltd has a total market capitalisation of ₹335.07 crore as of June 11, 2026, according to data on the NSE.