Deals16 Dec 2024, 03:33 pm
PPAP Automotive Secures Multi-Year Orders Worth Rs. 118 Crore
AI Summary
PPAP Automotive Limited, a leading manufacturer of Automotive Sealing Systems, Interior and Exterior Automotive parts, has announced the receipt of substantial orders with a lifetime value of Rs 118 crore. These orders include a significant business for electric vehicles, valued at approximately Rs. 50 crore. The order is to be executed over a period of 3 years to 5 years and marks a key milestone in PPAP’s efforts to expand its presence with global automotive giants like KIA. The 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.
Key Highlights
- PPAP Automotive secures multi-year orders worth Rs. 118 Crore
- Includes significant business for electric vehicles worth approximately Rs. 50 Crore
- Orders to be executed over a period of 3 to 5 years
- Expands footprint with KIA, marking a key milestone in PPAP’s efforts to expand its presence with global automotive giants
- Underscores PPAP Automotive's ongoing efforts to build long-term partnerships and its dedication to delivering excellence across both existing and new customers