Tenneco Clean Air India Limited (TENNIND) — Announcement

📢 Key Event
Record FY26 performance with 18.8% EBITDA margin and INR124,000 million order book

🔄 What Changed
94% ROCE improvement from 57% in FY25

🔮 What's Next
New plants commissioning mid-2028 to 2029 for commercial vehicle production

💡 Investor Takeaway
Shareholders gain exposure to high-margin export growth and technology-driven premiumization in suspension systems.

Tenneco Clean Air India reported record FY26 results with 12.3% YoY revenue growth to INR49,180 million, a 18.8% EBITDA margin, and a 94% ROCE improvement, driven by strong order book of INR124,000 million and new OEM contracts in Clean Air and Advanced Ride Technologies. The company highlighted export expansion plans targeting 5-6% of sales, with new plants in North and West India commissioning between mid-2028 and 2029 to serve commercial vehicle OEMs like Mahindra and Tata, while emphasizing pricing advantages and rupee depreciation benefits for global markets.

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