KNM & Partners Advises Tokai Kogyo On Acquisition Of 50% Stake In PPAP Tokai India Rubber

KNM & Partners, Law Offices, New Delhi has represented Tokai Kogyo Co., Ltd., Japan (Tokai) in relation to its acquisition of 50% shareholding of PPAP Tokai India Rubber Private Limited (PTI) from PPAP Automotive Ltd.

Pursuant to this acquisition, PTI has now become 100% subsidiary of Tokai. PTI is engaged in the business of manufacture of rubber automotive sealing system. PTI's customers include major OEM manufacturers, viz., Maruti Suzuki, Toyota Honda, MG Motors, Volkswagen, Hyundai, KIA. TATA Motors, Renault Nissan, and Isuzu.

PTI achieved a Revenue of INR 1.19 Billion during the nine months ended December 31, 2025.

The transaction was led by Mr. Mukesh Kumar, Senior Partner along with Mr. Mukesh Singhal, Senior Partner and ably supported by Mr. Ashis Goel and Ms. Akriti Yadav, Associate Partners and Ms. Pooja Gupta, Principal Associate.