PPAP Automotive (PPAP) has entered into a partnership agreement with Hutchinson, a globally recognized leader in automotive sealing solutions, 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.
PPAP has been granted an exclusive licence for India to manufacture, market and sell advanced body sealing systems developed using Hutchinson’s technology and licensed knowhow. Hutchinson will provide technical know-how, engineering support, design assistance, process support and related services for development and commercialization of such products in India.
The company shall pay consideration towards transfer of technical knowhow, licensed technology and related technical support services. In addition, PPAP shall pay royalty for the use of licensed intellectual property, know-how, designs and related rights in accordance with the terms and conditions of the Agreement. The partnership will strengthen PPAP’s product portfolio in the automotive sealing segment, provide access to advanced global technology and engineering expertise, enhance its ability to serve OEM customers in India and create opportunities for revenue growth in the passenger vehicle segment.
PPAP Automotive is a leading manufacturer of Automotive Sealing Systems, Interior and Exterior Automotive parts in India.
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