Shares of PPAP Automotive Limited jumped 15% on Thursday, 11 June, touching a day high of Rs 241.74 on NSE after the company announced a technology partnership with French engineering group Hutchinson for advanced body sealing systems. The stock opened at Rs 215.85 and never looked back.

In an exchange filing dated 10 June, PPAP Automotive disclosed a technology partnership agreement with Hutchinson, effective from 1 April 2026. 

The filing confirms PPAP gets an exclusive licence for India to manufacture, market and sell specified body sealing products using Hutchinson’s technology and designs. 

Hutchinson will provide engineering support, design assistance and process guidance to help bring these products to market.

In return, PPAP will pay technology transfer fees, technical support charges and royalties for using Hutchinson’s intellectual property.

What this means in simple terms: PPAP makes everything in its own factories across India, using Hutchinson’s proven global know-how. Local production keeps costs competitive while giving Indian automakers access to globally tested sealing technology.

Hutchinson is no small partner. The French group posted revenues of €5 billion in 2025 and operates across 26 countries, supplying sealing systems to the automotive, aerospace and industrial sectors. It is also active in electrification technologies, relevant as India’s passenger vehicle market shifts toward EVs.

PPAP already supplies sealing components to Maruti Suzuki, Hyundai Motor India, Kia India, Tata Motors, Mahindra and Mahindra, Honda Cars India and Toyota Kirloskar Motor. 

The partnership is expected to widen its product range and increase the value earned from each vehicle. For full-year FY26, PPAP’s revenue reached Rs 555.31 crore.

At 11:40 am on 11 June, shares of PPAP Automotive were trading up by 15.03% at Rs 236.69 on NSE. The stock’s 52-week high stands at Rs 294.79, hit on 29 October 2025.

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