Tenneco Clean Air India Limited, a leading Tier-1 automotive component manufacturer serving major OEMs with Clean Air, Powertrain and Advanced Ride Technologies solutions, has reported strong financial performance for Q2 and H1 FY2026. Management highlighted above-market growth, improved programme penetration and continued gains in export traction.

Arvind Chandrasekharan, Whole-Time Director and CEO, said the company delivered a strategically important quarter driven by deeper customer engagement and key program awards across Clean Air and ART. He noted Tenneco India’s entry into a new Clean Air opportunity with a Japanese OEM and increased share with a leading Indian OEM in ART, reinforcing medium-term growth prospects. Favourable regulatory, premiumisation, and export trends are expected to further support performance.

Value-added revenue grew 8.9 per cent in Q2 and 8.2 per cent in H1, outpacing the market. ART recorded double-digit expansion—15.4 per cent in Q2 and 13.8 per cent in H1—while Clean Air and Powertrain Solutions posted steady growth. EBITDA margins remained strong at 18.8 per cent in Q2 and 19.2 per cent in H1, supported by higher-margin export volumes and operational efficiencies. PAT increased 9.9 per cent year-on-year in Q2 and 10.9 per cent in H1 due to higher one-time interest income from restructuring.

The company’s incremental lifetime order book has expanded to Rs 98,400 million, including Rs 17,600 million from export programmes, materially enhancing revenue visibility over the next five to six years. Key strategic wins include a major Clean Air award with a Japanese OEM and a significant ART programme with an Indian passenger-vehicle OEM, reinforcing Tenneco’s leadership in shock absorbers.

Tenneco India’s IPO in November 2025 saw strong investor interest, with total subscription reaching 61.8 times—174.8x from qualified institutional buyers, 42.8x from non-institutional investors and 5.4x from retail participants. The company stated that the response reflects confidence in its technology roadmap and long-term execution capability.