NEW DELHI, 12th December 2025: Gurugram-based Tenneco Clean Air India Ltd., the Indian arm of the U.S.-based auto components major, reported a strong second quarter and first half of fiscal 2026, driven by new OEM wins and a sharply expanded order pipeline.
The company has reported a lifetime order book of ₹98,400 million, valued at approximately US$1.19 billion. Of this, ₹17,600 million (US$212 million) comes from export contracts. The pipeline provides multi-year revenue visibility over the next five to six years, complementing the ₹43,801 million (US$528 million) in VAR recorded in FY25.
The company’s portfolio, which includes catalytic converters, after-treatment systems, powertrain components, and Monroe shock absorbers, reported that its value-added revenue (VAR) increased faster than the overall auto sector during the period. Gains were widespread across its Clean Air and Advanced Ride Technologies (ART) divisions, aided by new customer programmes and increased export activity.
A key highlight of the quarter was Tenneco’s breakthrough entry into a major Japanese passenger-vehicle OEM’s Clean Air business, its first engagement with the automaker in this segment.
The company also secured additional ART business with a leading Indian OEM, reinforcing its position as the country’s top supplier of passenger-vehicle shock absorbers.
Financial performance tracked the same momentum. VAR rose 8.9% in the September quarter and 8.2% in the first half, with both above industry averages.
ART led the expansion, growing 15.4% in Q2 and 13.8% in H1, supported by premiumisation, deeper OEM penetration, and robust export demand. Clean Air and Powertrain reported around 3% growth.
Margins remained healthy, with EBITDA on VAR at 18.8% for the quarter and 19.2% for the first half, aided by higher-margin exports and cost discipline. Profit after tax (on a VAR basis) increased 9.9% year-on-year in Q2 and 10.9% in H1, partially driven by a one-time interest gain from restructuring.
“Our new awards across Clean Air and ART enhance medium-term visibility and validate our localisation and technology roadmap,” said Arvind Chandrasekharan, Whole-Time Director and Chief Executive Officer. He added that regulatory trends, premiumisation, and export demand continue to create “an attractive environment” for sustained growth.
Tenneco India’s November IPO also drew strong interest, with 61.8 times overall subscription and 174.8 times demand from institutional investors—underscoring confidence in its technology capability and operating model, known internally as The Tenneco Way.
With a deeper export pipeline, healthy margins and a US$1.19 billion order book, Tenneco India enters the second half of FY26 with strengthened visibility and momentum in the country’s evolving auto components landscape.
