Tenneco Clean Air India Limited announced plans to invest approximately INR 710 million in a new Clean Air greenfield plant in Kharkhoda, Haryana, with production targeted to begin in the third quarter of FY2027.
The planned facility will strengthen proximity to its northern customer base and support awarded programmes across light vehicle, off-highway and tractor segments. The board has approved the project in line with business growth and expanding Clean Air demand.
The company reported that its order book now covers 100 percent of its FY2028 revenue, underpinning a projected double-digit compound annual growth rate over the next three years.
The company also secured new business wins across segments. It launched its DaVinci DCx suspension technology with a leading Indian passenger vehicle original equipment manufacturer (OEM), with estimated annual revenue of approximately INR 2,200 million. In addition, it secured a Clean Air strategic programme win with a leading European commercial truck OEM, with annual revenue potential of approximately INR 1,150 million.
“Our Clean Air strategic program win at a leading Commercial Truck OEM, demonstrated our ability to translate the voice of the customer into high-velocity execution,” said Arvind Chandrasekharan, Whole Time Director and Chief Executive Officer. He added that the overall order book “already covers 100% of FY 2028 revenue, underpinning a double-digit CAGR growth over the next three years.”
During the quarter ended December 31, 2025, Tenneco Clean Air India reported Value Added Revenue (VAR) of INR 11,941 million, representing a 15 percent year-on-year increase. EBITDA for the quarter stood at INR 2,225 million, up 25 percent year-on-year, with EBITDA margin at 18.6 percent on a VAR basis. Profit after tax was INR 1,188 million, down 5 percent year-on-year due to a one-time impact of INR 203 million related to the new labour code.
“We delivered a disciplined financial performance in Q3 and 9M’ FY2026, marked by steady revenue growth, expanding profitability and continued balance-sheet strength,” said Mahender Chhabra, Chief Financial Officer. “VAR grew 15% YoY in the quarter, supported by strong PV demand. Q3 FY 2026 EBITDA margins improved ~151 bps YoY and remained at industry-leading levels, reflecting the benefits of commercial actions, mix improvements, and operational efficiencies.”
For the nine months ended FY2026, VAR rose 10 percent year-on-year to INR 35,122 million, while EBITDA margin stood at 19.0 percent. Return on capital employed remained above 80 percent during the period.
Tenneco Clean Air India Limited manufactures Clean Air and Powertrain solutions and Advanced Ride Technologies products for passenger vehicles, commercial trucks, off-highway and industrial segments. The company operates 12 manufacturing facilities and two research and development centres in India and reported FY2025 VAR of INR 44 billion.
