Tenneco Clean Air India Limited

What Tenneco Clean Air India Limited does

Tenneco Clean Air India Limited is a Tier-1 automotive components supplier listed on BSE/NSE under ticker TENNIND, operating as the India arm of US-based Tenneco LLC (Apollo Global Management-backed). The company operates through two integrated business divisions: Clean Air & Powertrain Solutions (encompassing catalytic converters, SCR systems, diesel particulate filters, three-way catalysts, mufflers, spark plugs, ignition coils, engine bearings, and multi-layer steel gaskets) and Advanced Ride Technologies (shock absorbers, struts, and semi-active suspension systems including the DaVinci DCx adaptive damping platform). It serves 119 OEM customers across India, including all top 7 passenger vehicle OEMs and all top 5 commercial vehicle OEMs, with deep relationships averaging 19+ years with its top 10 customers and program awards of 3-7 years duration.

The company's revenue model is anchored in B2B OEM supply contracts with a quote-based pricing structure (not publicly disclosed), selling engineered hardware components directly into OEM production lines. Three revenue streams exist: domestic OEM supply (primary), growing exports to global OEMs in the US and Europe (grew from 5% to 20% of order book), and a smaller aftermarket channel for powertrain products. Tenneco India runs 12 manufacturing facilities across 7 states and 1 union territory, with two R&D tech centers in Hosur and Pune, and benefits from technology transfer and R&D support from Tenneco Group's 39 global engineering centers. Notable technical differentiators include proprietary SCR technology, multi-tune valve systems (developed in India then deployed globally), and the DaVinci DCx mechanical adaptive suspension system designed without electronics specifically for Indian road conditions.

The company is debt-free, reported FY2026 revenue of Rs 5,403.98 crore (up 10.5% YoY) and net profit of Rs 603.58 crore, and holds a Rs 12,400 crore order book covering 100%+ of FY2028 revenue. It is positioned as a primary beneficiary of tightening Indian emission regulations (BS-VII, CAFE-3, TREM-V), with an estimated Rs 1,300 crore additional market opportunity from regulatory tightening, and leads the Indian shock absorber market with 52% share. The company went public in November 2025 through a 100% Offer for Sale by parent Tenneco Mauritius Holdings Ltd, with no fresh capital raised and all IPO proceeds accruing to the selling shareholder.

Name

Tenneco Clean Air India Limited

Legal name

Tenneco Clean Air India Limited

Website

https://tennecoindia.com

Company type

Public

Founded year

2025

Operating status

Ipo

Headcount range

1,001–5,000 employees

Short description

Tenneco Clean Air India is a Tier-1 automotive components supplier serving all top 7 PV and top 5 CV OEMs in India with clean air systems, powertrain components, and advanced suspension technologies, operating 12 manufacturing facilities and holding 52% market share in shock absorbers.

Ownership category

akta.pro rank

Product category

Automotive Components Manufacturing

NAICS

Motor Vehicle Parts Manufacturing (3363), Motor Vehicle Steering and Suspension Components (except Spring) Manufacturing (336330), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632)

SIC

Motor Vehicle Parts & Accessories (3714)

akta.pro industry

PRIMARYIMACAAAI

Passenger Vehicle Exhaust & Emissions Control Manufacturing (ICE)

Industrials, Manufacturing & Construction/Automotive & Mobility Manufacturing/Passenger Vehicle Manufacturing (ICE)

SECONDARYIMACAAAK

Passenger Vehicle Electrical & Electronics Manufacturing (ICE)

Industrials, Manufacturing & Construction/Automotive & Mobility Manufacturing/Passenger Vehicle Manufacturing (ICE)

SECONDARYIMACANAE

Aftermarket Exhaust & Emissions Components Manufacturing (Mufflers/Catalysts/DPF/EGR)

Industrials, Manufacturing & Construction/Automotive & Mobility Manufacturing/Automotive Aftermarket Parts & Accessories Manufacturing

Keywords

• Automotive components manufacturing
• Emission control systems
• Vehicle suspension products
• Powertrain components supplier
• Tier-1 OEM supplier

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices16 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Original Equipment Manufacturing (OEM) Supply: Revenue generated from supplying engineered automotive components to OEMs for new vehicle production. Clean Air, Powertrain, and Advanced Ride Technologies segments contribute to revenue. Q4 FY26 revenue was Rs 1,552.45 crore. Full year FY26 revenue was Rs 5,403.98 crore.
2. Export Markets: Growing export revenue from supplying components to global OEMs. Exports grew from 5% to 20% of order book. Exports order book covers 100% of projected FY28 revenue.
3. Aftermarket Sales: Supply of powertrain products to aftermarket customers in addition to OEM supply.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Tenneco Clean Air India Limited is a Tier-1 automotive components supplier that designs, engineers, and manufactures clean air emission control systems (catalytic converters, SCR, DPF, TWC, mufflers), powertrain components (spark plugs, bearings, gaskets), and advanced ride technologies (shock absorbers, struts, semi-active suspension). The company supplies these engineered, technology-intensive components directly to automotive OEMs for new vehicle production in India and export markets, with operations spanning two business divisions: Clean Air & Powertrain Solutions and Advanced Ride Technologies.

Product overview

Tenneco Clean Air India Limited is a market-leading Tier 1 automotive components supplier offering two integrated business divisions: Clean Air & Powertrain Solutions and Advanced Ride Technologies. The Clean Air & Powertrain Solutions division encompasses emission control products (catalytic converters, DOC, DPF, LNT, SCR, SDPF, TWC, mufflers, exhaust pipes), powertrain components including ignition products (spark plugs, ignition coils), bearings (main, connecting rod, bush bearings, thrust washers/flanges), and sealings (cold/hot gaskets, MLS gaskets, heat shields). The Advanced Ride Technologies division provides suspension solutions including shock absorbers, struts, semi-active suspension systems, and commercial vehicle dampers. The DaVinci DCx suspension system represents their latest innovation for the Indian market. The company serves leading Indian and global OEMs with products for passenger vehicles, commercial vehicles, off-highway vehicles, and industrial equipment.

Differentiator

Problem solved

Functional benefit

Brands

• Monroe Ride Solutions: Advanced Ride Technologies suspension products
• Champion Ignition
• DaVinci DCx

Products and services

• Clean Air & Powertrain Solutions Integrated business division developing emission control systems and powertrain components (ignition, bearings, sealings) for ICE, mild hybrid, and plug-in hybrid vehicles to address CAFE norms compliance. Supplies automotive OEMs.
• Advanced Ride Technologies Business division providing advanced suspension products including shock absorbers, struts, and semi-active suspension systems engineered for superior ride quality, handling, and EV/premium vehicle requirements. Generates higher content per vehicle (CPV).
• Catalytic Converters Emission control component using precious metal catalysts (platinum, palladium, rhodium) to convert CO, HC, and NOx pollutants into harmless substances; located between engine and muffler in exhaust systems of vehicles.
• Diesel Oxidation Catalysts (DOC) Devices consisting of substrate coated with precious metals enclosed in steel casing used to reduce harmful gaseous emissions such as carbon monoxide from diesel engines.
• Diesel Particulate Filters (DPF) Devices used to capture and regenerate particulate matter emitted from diesel engines, reducing harmful emissions.
• Selective Catalytic Reduction (SCR) Convertors Convertors that reduce NOx emissions from diesel powertrains using urea mixers and injected reductants such as AdBlue or Diesel Exhaust Fluid (DEF).
• Three-Way Catalysts (TWC) Systems comprising catalyst encased in steel shell to reduce carbon monoxide, hydrocarbons, and NOx from gasoline and compressed natural gas (CNG) engine emissions.
• Mufflers and Resonators Devices providing noise elimination and acoustic tuning for vehicle exhaust systems.
• Shock Absorbers and Strut Assemblies Hydraulic and gas-filled modern shock absorbers and struts providing better comfort, ride, and handling for passenger vehicles, including add-on valve technology for high-speed handling on rough roads.
• DaVinci DCx Suspension System Advanced mechanical valve suspension technology providing adaptive damping response without electronics, specifically tuned for Indian road conditions. Features multi-tune valve technology and hydraulic rebound systems for superior comfort.
• Semi-Active Suspension Systems Advanced suspension systems integrated with engine ECU and sensors allowing real-time adjustments to damping force; commonly used in luxury cars.
• Commercial Vehicle Shock Absorbers Shock absorbers designed for driver seats to provide comfort and axle and cabin dampers for trucks and buses to reduce vibration.
• Spark Plugs Spark plugs in three variants: non-precious metal plugs for 2-wheelers, 3-wheelers and naturally aspirated PVs; single precious metal plugs for naturally aspirated engines; double precious metal plugs offering high durability and ignitability for turbocharged and TGDI engines.
• Ignition Coils Components used in conjunction with spark plugs to provide energy to develop spark for engine ignition.
• Bearings (Main, Connecting Rod, Bush, Thrust Washers) Engine bearings including main bearings (supporting crankshaft), connecting rod bearings (big end of connecting rod), bush bearings (supporting piston pin), and thrust washers/flanges (carrying thrust loads on crankshaft) to reduce friction for rotating components.
• Engine Gaskets and Heat Shields Cold gaskets for oil/water pumps, hot gaskets for exhaust manifolds, MLS (Multi-Layer Steel) gaskets for cylinder head sealing manufactured using laser welding, and heat shields to protect vehicle components from engine heat.

Quantifiable outcome

• Rs 1,300 crore additional market opportunity from CAFE III and BS-VII regulations
• +6 more outcomes

Named customers16 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Three partnerships are on record, tiered core and flagship.

• Mahindra & MahindracoreStrategic or Co-development PartnerStrategic OEM partner for DaVinci DCx suspension system. Rs 220 crore annual supply contract for XUV 7XO platform. Awarded Mahindra Supplier Excellence Awards and Supplier Innovation Award.
• Tenneco LLC (Parent Company)flagshipStrategic or Co-development PartnerUS-based parent company providing global technology, R&D support, and brand. Tenneco Group operates 39 global engineering centers. India serves as export hub for parent.
• Global Commercial Vehicle OEMcoreStrategic or Co-development PartnerWon Rs 115 crore Clean Air program from a global commercial vehicle OEM for emission control systems.

Scale indicators16 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Uno Minda: Uno Minda (formerly Minda Industries) is a leading Indian Tier-1 supplier of automotive components including lighting, acoustics, and switches. Competes with Tenneco across multiple product lines and shares key Indian OEM customers like Maruti Suzuki and Tata Motors.
• Bosch India: Bosch India manufactures emission control systems, spark plugs, and diesel injection components for Indian OEMs. Direct competitor to Tenneco's Clean Air & Powertrain Solutions division across catalytic converters, SCR, and ignition products.
• Endurance Technologies: Endurance Technologies manufactures suspension, braking, and transmission components for two/three-wheelers and passenger vehicles in India. Closely comparable to Tenneco's ART division with overlapping product categories and similar OEM customer base.
• Gabriel India: Gabriel India is one of India's largest shock absorber and strut manufacturers, serving passenger vehicles, commercial vehicles and two-wheelers. The most direct domestic competitor to Tenneco's Advanced Ride Technologies (Monroe) business.

Regional players

• Sundaram Fasteners: Sundaram Fasteners (TVS Group) is a leading Indian manufacturer of high-tensile fasteners and precision components for automotive and industrial applications. Comparable as a domestic Tier-1 supplier with strong OEM relationships in India.
• Lumax Industries: Lumax Industries is a leading Indian automotive lighting and component supplier serving Maruti Suzuki and other domestic OEMs. Comparable Indian Tier-1 with similar customer concentration and B2B OEM-embedded GTM motion.

Emerging players

• Belrise Industries: Belrise Industries (formerly Badve Engineering) is an Indian automotive component manufacturer with a significant exhaust systems and structural components business. Emerging peer with overlapping clean air and exhaust product exposure.

Broad incumbents

• Bharat Forge: Bharat Forge is India's largest forging company supplying powertrain, chassis, and engine components to global OEMs. Comparable as a large-scale Indian Tier-1 with export-oriented manufacturing serving overlapping end customers.
• Motherson Sumi Wiring India (Samvardhana Motherson): Samvardhana Motherson is one of India's largest auto component conglomerates supplying wiring harnesses, interior modules, and exterior systems globally. A broad incumbent Tier-1 with overlapping Indian OEM relationships and export scale.
• ZF Commercial Vehicle Control Systems India (WABCO): ZF (formerly WABCO) supplies braking, suspension, and drivetrain systems for commercial vehicles globally, with a strong India presence. Comparable in commercial vehicle clean air and chassis components to Tenneco's CV clean air business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tenneco-india

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tenneco Clean Air India Limited