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Tenneco Clean Air India Limited, part of the global Tenneco Group, is a manufacturer and supplier of highly engineered clean air, powertrain, and suspension solutions. The company operates through two primary divisions: Clean Air & Powertrain Solutions, which produces exhaust aftertreatment systems, engine bearings, sealing systems, and ignition products; and Advanced Ride Technologies, which manufactures shock absorbers and suspension systems. Tenneco Clean Air India serves a broad customer base, including Original Equipment Manufacturers (OEMs) in the passenger vehicle, commercial vehicle, and industrial sectors, as well as the aftermarket. The company holds a significant market position in India, being a leading supplier of clean air solutions for commercial trucks and off-highway vehicles, and shock absorbers for passenger vehicles.
Nov 12, 2025
Nov 14, 2025
Nov 19, 2025
Mainboard
Closed
3600 Cr
0 Cr
3600 Cr
₹378 - ₹397
37
The objects of the Offer are to carry out the Offer for Sale and achieve the benefits of listing on stock exchanges.
To carry out the Offer for Sale of up to Equity Shares by the Promoter Selling Shareholder, aggregating up to ₹3,600 Crores.
To achieve the benefits of listing the Equity Shares on the Stock Exchanges, which enhances brand visibility and provides a public market for the shares in India.
The company will not receive any proceeds from the Offer, as it is entirely an Offer for Sale by the Promoter Selling Shareholder.
12.77
168.09
42.65%
56.78%
46.65%
—
11.31%
16.67%
12.77
Market-leading supplier of critical clean air, powertrain, and suspension solutions.
Strategically diversified portfolio of proprietary and technology-intensive products.
Ability to leverage Tenneco Group's global R&D for localized innovation.
Flexible and automated manufacturing footprint with 12 strategically located plants.
High dependence on the Tenneco Group for brand licenses and technology.
Significant revenue concentration from the cyclical passenger and commercial vehicle sectors.
Over-reliance on top ten customers, who contribute more than 80% of revenue.
Past instances of non-compliance with certain provisions of the Companies Act.
Growing demand driven by tightening emission standards like BS7 and TREM V.
Market trend towards premiumization, SUVs, and EVs requiring higher-value components.
Strategic localization under 'Make in India' to enhance cost competitiveness.
Positioning India as a key export hub for global markets.
Inherent cyclicity of the domestic automotive industry linked to economic performance.
Volatility in the availability and cost of key raw materials like steel.
Potential adverse impact from changes in government policies and international tariffs.
Intense competition from established domestic and multinational auto component suppliers.