PPAP Automotive share price surged 18% on Thursday, 11 June, after the company announced a strategic technology partnership with France-based Hutchinson to manufacture advanced body sealing systems for passenger vehicles in India. The rally marked the stock’s biggest single-day gain since November 2024.
Under the agreement, will gain access to Hutchinson’s proprietary technology, licensed know-how, engineering expertise, and technical support, enabling it to develop and commercialise advanced automotive sealing solutions in the domestic market.
In a regulatory filing on Wednesday, the company said the partnership grants PPAP an exclusive licence in India to manufacture, market, and sell specified body-sealing products using Hutchinson’s technology and designs. The collaboration is expected to strengthen PPAP’s product portfolio and enhance its capabilities in the automotive components segment.
Commenting on the partnership, Abhishek Jain, Managing Director and CEO of PPAP Automotive, said the collaboration with Hutchinson will significantly strengthen the company’s capabilities in advanced automotive solutions. He noted that by combining Hutchinson’s global expertise with PPAP’s manufacturing strength and long-standing customer relationships in India, the company aims to deliver future-ready, innovative, and high-quality body-sealing solutions that cater to the evolving requirements of automotive OEMs.
Frédéric Le Du, Senior Vice President Asia at Hutchinson, said the partnership brings together PPAP’s strong local manufacturing footprint and understanding of Indian OEM requirements with Hutchinson’s expertise in high-performance engineering systems. He added that the collaboration is designed to support the evolving needs of India’s passenger vehicle industry through advanced, competitive body-sealing technologies.
PPAP said manufacturing will be undertaken through its existing facilities across India, enabling greater localisation and scalability while serving both domestic and global automotive OEMs. The company expects the partnership to strengthen its product portfolio in the automotive sealing segment, enhance technological capabilities, increase value-added content per vehicle, and deepen engagement with automakers across conventional and next-generation mobility platforms.
Hutchinson, a global supplier of sealing systems and engineering solutions for the automotive, aerospace, and industrial sectors, reported revenue of around €5 billion in 2025 and operates in 26 countries. The company is also actively involved in technologies supporting electrification and sustainable mobility.
The agreement, effective 1 April 2026, includes provisions for technology transfer fees, technical support payments, and royalty payments linked to the use of licensed intellectual property and know-how.
PPAP Automotive currently supplies components to leading vehicle manufacturers, including , Hyundai Motor India, Kia India, Tata Motors, Mahindra & Mahindra, Honda Cars India and Toyota Kirloskar Motor.
PPAP Automotive share price today
PPAP Automotive share price today opened at an intraday low of ₹215 apiece on the BSE, and the stock touched an intraday high of ₹242.10 per share.
Rajesh Bhosale, Equity Technical and Derivative Analyst at , said PPAP Automotive has broken out of a month-long consolidation range of ₹200–216, supported by a significant increase in trading volumes, indicating strong buying interest. The stock gained more than 14% in early trade, reflecting renewed bullish momentum.
According to Bhosale, the breakout has strengthened the stock’s near-term technical outlook, with ₹250 emerging as the next key resistance level. A decisive move above this zone could pave the way for further upside towards ₹275 and higher levels.
On the downside, he highlighted the 200-day Simple Moving Average (SMA) near ₹220 as an important support level to monitor, particularly in the event of profit-booking or short-term volatility.
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