PPAP Automotive (PPAP) has sold its entire 50% stake in PPAP Tokai India Rubber (PTI), Joint Venture Company, to Tokai Kogyo Co. (Tokai). PTI ceases to be a joint venture company of PPAP and Tokai with effective from February 13, 2026. The consideration received from the sale is Rs 100 crore.
PPAP Automotive (PPAP) is a leading manufacturer of Automotive Sealing Systems, Interior and Exterior Automotive parts in India.