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PPAP Automotive sells entire 50% stake in PPAP Tokai India Rubber
Feb-13-2026

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.

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