Tenneco Clean Air files for ₹3,000-crore IPO

Tenneco Group generated $16,777 million in revenue in the year ended December 31, 2024

Tenneco Clean Air India, part of the US-headquartered automotive component supplier Tenneco Group, has filed a draft red herring prospectus for a ₹3000 crore initial public offering, the entire issue being an offer for sale by its promoter.

The promoter selling shareholder is Tenneco Mauritius Holdings, the other promoter entities being Tenneco (Mauritius) Ltd, Federal-Mogul Investments B.V., Federal-Mogul Pty LTD, and Tenneco LLC.

For visibility

Tenneco Clean Air  said in the draft filing that the object of the IPO was to enhance its visibility and brand image in the country as well as to provide liquidity and a public market for its shares.

Tenneco Group generated $16,777 million in revenue in the year ended December 31, 2024.

The first manufacturing plant in India was set up at Parwanoo in 1979. It currently has 12 manufacturing facilities across seven states and one union territory in India, comprising seven Clean Air & Powertrain Solutions facilities and five Advanced Ride Technology facilities. They are located in key automotive OEM hubs in India such as Maharashtra, Tamil Nadu and Gujarat.

Tenneco Clean Air manufactures and supplies critical, highly engineered and technology intensive clean air, powertrain and suspension solutions tailored for Indian OEMs and export markets.

It has a market share of 60 per cent in supply of clean air solutions to commercial trucks and a share of 42 per cent in supply to off-highway vehicles. In FY25, it served 119 customers, including all top seven passenger vehicle makers, according to the DRHP.

In addition to supplying OEMs, it also generates income from the aftermarket and exports, traditionally counter-cyclic revenue streams.

In FY25, the company reported net profit of ₹553.1 crore on revenue of ₹4,890.4 crore.

Published on June 30, 2025