Tenneco Clean Air India Ltd. IPO

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Tenneco Clean Air India Limited is part of the Tenneco Group, a leading U.S.-headquartered Tier-I automotive component supplier. The Tenneco Group recorded revenues of US $16,777 million in 2024, serving global OEMs with advanced clean air, powertrain, and suspension technologies.
The company established its first manufacturing facility in India in 1979 at Parwanoo and has since evolved into a key player in India’s automotive components sector, supplying highly engineered, technology-intensive solutions for both Indian and international markets.

Tenneco Clean Air India manufactures and supplies Clean Air, Powertrain, and Advanced Ride Technology solutions for major OEMs across:

a) Passenger Vehicles (PV)
b) Commercial Vehicles (CVs) — including trucks and off-highway vehicles
c) Industrial and other applications — such as gensets, small CVs, two- and three-wheelers

Tenneco Clean Air India acts as a production and export hub for the Tenneco Group’s markets in North America, Europe, APAC, and Africa, exporting to over 20 countries including the U.S., U.K., Germany, Brazil, China, Japan, and South Korea.

Divisions and Product Portfolio

1. Clean Air & Powertrain Solutions: Exhaust after-treatment systems (catalytic converters, mufflers, exhaust pipes), Powertrain: Engine bearings, sealing systems, and ignition products under the Champion brand.

2. Advanced Ride Technologies: Shock absorbers, struts, and advanced suspension systems under the Monroe brand for both ICE and EV platforms

Key Strengths

Tenneco Clean Air India benefits from:

i) Long-standing relationships with leading Indian OEMs
ii) Access to Tenneco Group’s global R&D and proprietary technologies
iii) Strong engineering and end-to-end manufacturing capability in India
iv) High operational efficiency through modular production and shared assets
v) Commitment to quality, innovation, and cost optimization

Customers

In FY 2025, Tenneco Clean Air India served 119 OEM customers, including all top 7 PV and top 5 CV manufacturers in India. Key customers include:
Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hyundai, Toyota Kirloskar, Honda, Ashok Leyland, Bajaj Auto, Royal Enfield, Cummins, John Deere, and VE Commercial Vehicles.
The company enjoys average customer relationships of 19 years, reflecting strong trust and technical collaboration

Objects of the Tenneco Clean Air India Ltd. IPO:

The Company will not receive any funds from the Offer. All proceeds, after deducting Offer-related expenses and applicable taxes, will go to the Promoter Selling Shareholder.

Tenneco Clean Air India Ltd. IPO Details:

Open Date: Nov 12 2025
Close Date: Nov 14 2025
Total Shares: 9,06,80,101
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 3600 Cr.
Lot Size: 37 Shares
Issue Price: ₹ 378 - 397 Per Equity Share
Listing At: NSE,BSE
Listing Date: Nov 19 2025

Promoters And Management:

1. Niranjan Kumar Gupta is the Independent Director and Chairman of the Board. Associated with the company since May 2025, he is a Chartered Accountant, Cost Accountant, and Company Secretary with over 30 years of corporate experience. Formerly the CEO of Hero MotoCorp, he has also worked with Vedanta and Hindustan Unilever in senior finance and supply chain roles. 2. Arvind Chandrasekharan serves as the Whole-Time Director and CEO since April 2025. With over 21 years of experience in the automotive sector, he has worked with Delphi, Faurecia, WABCO, Minda Corporation, and others. He holds a B.E. in Chemical Plant Engineering (Mumbai University), M.S. in Industrial Engineering (Oklahoma State University), and an MBA (University of Michigan). 3. Manavendra Singh Sial is a Non-Executive Director, associated since May 2025. He is the Executive VP and CFO at Tenneco LLC, with over 25 years of experience across global corporates including Fluence Energy, SunPower, SunEdison, Vectra, and GE. A Chartered Accountant and MBA (Duke University), he brings extensive financial and leadership expertise to the board.

Financials of Tenneco Clean Air India Ltd. IPO:

To be updated shortly

Comparison With Peers:

To be updated shortly

Registrar of Tenneco Clean Air India Ltd. IPO:

  1. MUFG Intime India Private Limited

Discussion on Tenneco Clean Air India Ltd. IPO:

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