India’s automotive industry is one of the largest and fastest-growing globally, driven by a burgeoning middle class and rising disposable incomes. As the fourth-largest automobile market, India offers immense growth potential with increasing demand for passenger and commercial vehicles. The government’s focus on initiatives like “Make in India” and faster adoption of Electric Vehicles (EVs) is reshaping the sector.
By 2030, the EV market alone is projected to reach $206 billion, presenting opportunities for domestic and global players. With rapid urbanization, improved infrastructure, and policy incentives, India is poised to become a manufacturing hub for global automakers. The industry’s future looks promising, supported by innovation, sustainability goals, and a youthful, aspirational population driving demand for mobility solutions.
Share Price
The shares of PPAP Automotive Limited are currently trading at Rs. 256 up by 18% from its previous close of Rs. 216.63 as of December 16, 2024.
Recent Update
Significant Order Win with Rs. 118 Crore Lifetime Value
PPAP Automotive Ltd, a leading manufacturer of automotive sealing systems and interior and exterior components, has secured substantial orders worth Rs. 118 crore. Among these, Rs. 50 crore is dedicated to electric vehicle (EV) components, emphasizing the company’s strategic focus on the growing EV segment. The orders will be executed over a period of 3 to 5 years, showcasing PPAP’s operational capability to deliver high-value projects efficiently.
Expansion with Global Automotive Giants
A key highlight of this order win is PPAP’s successful expansion with global automotive giant KIA. This milestone demonstrates the company’s increasing footprint with major players in the automotive sector. It reflects PPAP’s strong reputation for quality and innovation in automotive components.
Commitment to Long-Term Partnerships
This order underscores PPAP Automotive’s commitment to building long-term partnerships with both existing and new customers. By aligning its portfolio with emerging opportunities in the EV market, the company continues to position itself as a trusted partner in delivering excellence and driving sustainable growth.
Management Commentary
Commenting on the development, Mr. Abhishek Jain, CEO & MD of PPAP Automotive Ltd said, “These new orders from longstanding clients underscore PPAP Automotive’s enduring relationships and unwavering commitment to excellence, reinforcing its reputation as a trusted leader in the automotive industry. Through our continued efforts we have successfully made significant inroads with KIA. We were successful in introducing new technology parts which were highly appreciated by our customers and were immediately adopted for use in their forthcoming models. We remain committed towards achieving higher revenues coupled with better margins as these premium products bear fruit going ahead.”
About the Company
The company started its journey of achieving Global Level Excellence in 1985 with the start of the Automotive Business. PPAP Automotive Limited (“Company”) is a leading manufacturer of Automotive Sealing Systems, Interior and Exterior Automotive parts in India. The Company’s state of the art manufacturing facilities are located in all the major Automotive Passenger Vehicle manufacturing hubs in North, West and South India. The Company aims to become a Global company with an inspiring work culture for servicing customers and the society by exceeding the expectations of all its stakeholders.
Written By: Dipangshu Kundu
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