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PPAP Automotive secures orders worth Rs 118 crore

16 Dec 2024 Evaluate

PPAP Automotive has secured substantial orders with a lifetime value of Rs 118 crore. These orders include a significant business for electric vehicles, valued at around Rs 50 crore. This development aligns with PPAP’s forward-thinking strategy of alignment of its portfolio with growth opportunities in the electric vehicle market. The order is to be executed over a period of 3 years to 5 years. 

A key highlight of these orders is the company’s success in expanding its footprint with KIA, marking a key milestone in PPAP’s efforts to expand its presence with global automotive giants. This new order win underscores PPAP Automotive's ongoing efforts to build long-term partnerships and its dedication to delivering excellence across both existing and new customers.

PPAP Automotive (PPAP) is a leading manufacturer of Automotive Sealing Systems, Interior and Exterior Automotive parts in India.

Peers
Company Name CMP
SamvardhanaMotherson 164.50
Tube Investments 2580.40
Bosch 47711.40
UNO Minda 1223.50
Bombay Burmah Trdg. 1449.80
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