Tenneco Clean Air Live Share Price Today, Share Analysis and Chart

About the company - Business Profile

Tenneco Clean Air India Ltd. is a Tier 1 automotive component supplier and a key subsidiary of the global Tenneco Group. The company specializes in the design, manufacture, and supply of highly engineered systems that enhance vehicle cleanliness, safety, and performance. With over 45 years of operations in India, it holds dominant market positions in emission control and ride performance segments, catering to passenger vehicles (PV), commercial vehicles (CV), and off-highway (OH) markets.

The company operates through a localized manufacturing and R&D platform, leveraging its parent’s global technology to serve major Indian Original Equipment Manufacturers (OEMs). Its strategic focus is on providing clean air solutions and advanced ride technology, supported by a significant portfolio of patents and trademarks.

Key Points

Key Facts and Operations

• Founded/Operations: 45+ years of operational history in India.
• Global Parentage: Part of the Tenneco Group, which operates in 28 countries with 180 manufacturing plants and 39 R&D centers globally.
• Infrastructure: Operates 12 manufacturing facilities and 2 R&D technical centers in India.
• Workforce: Employs over 1,950 full-time personnel.
• Market Leadership:
  • 68% market share in Clean Air solutions for Off-Highway OEMs.
  • 57% market share in Clean Air solutions for Indian Commercial Truck OEMs.
  • 52% market share in Shock Absorbers and Struts for Indian Passenger Vehicle OEMs.

Business Model and Revenue Breakdown Tenneco Clean Air India operates as a scale platform with a high degree of localization. Its business model focuses on long-term relationships with a diversified customer base of 119 clients. The company uses Value Added Revenue (VAR)—revenue from operations excluding pass-through substrate/catalyst costs—as a primary performance metric.

• Financials (FY2025):
  • Revenue from Operations: Rs 49 billion.
  • Value Added Revenue (VAR): Rs 44 billion.
  • EBITDA Margin (on VAR): 18.6%.
  • PAT Margin (on VAR): 12.6% (Restated profit of Rs 5.54 billion).
  • Return on Capital Employed (ROCE): 56.8%.
• Revenue Segmentation (9M FY2026 based on VAR):
  • By Segment: Clean Air & Powertrain (50.0%), Advanced Ride Technology (50.0%).
  • By End Market: Passenger Vehicles (66.4%), Commercial Vehicles (20.4%), Aftermarket (6.5%), Industrial & Others (4.8%).
  • By Geography: Domestic (93.1%), Exports (6.4%).

Products and Technology Advancements The company’s product portfolio is categorized into several highly engineered segments:

• Clean Air: Hot and cold end exhaust systems.
• Powertrain: Pistons, piston rings, valves, valve seats, guides, bearings, and sealings.
• Ignition: Spark plugs and ignition coils.
• Performance Solutions: Advanced ride solutions (shock absorbers/struts), braking, NVH (Noise, Vibration, and Harshness) components, and systems protection.
• IP Portfolio: Access to 5,000+ patents and 7,500+ trademarks through the global group.

Strategic Initiatives and Future Outlook

• Strategic Growth: Positioning India as a global hub for manufacturing and innovation under new leadership (Mr. Rishi Verma, President India).
• Operational Excellence: Focus on "The Tenneco Way," prioritizing safety, organizational velocity, and tenacious execution.
• Localization: Continuing to localize global technology to maintain a competitive cost position and serve the evolving needs of Indian OEMs.
• Market Position: Maintaining its top-2 market position across its key segments while driving growth through a diversified revenue mix.

References

1. Investor Presentation Feb 2026
2. Investor Presentation Dec 2025
3. Annual Report May 2025