Tenneco Clean Air India rises as JM Financial initiates with 'buy'

Tenneco Clean Air India

08/01/2026 04:25

** Shares of Tenneco Clean Air India TENN.NS rise 2.6% to 534 rupees

** JM Financial initiate coverage with "Buy" and a PT of 610 rupees

   ** TENN makes clean air, powertrain, and suspension solutions for Indian automobile makers

** Says co has outperformed domestic peers due to strategic raw material sourcing and a growing share of high-value, high-margin products

** Notes, Tenneco Global's positioning for the unit as an export hub will leverage cost advantages and estimates it to make ~20% of value added revenue by FY30 from current 6%

** Premiumisation in India's PV market will drive growth for TENN as larger SUVs and advanced suspension systems will offer up to 4x higher value than conventional setups - JM Financial

** TENN up ~9% since Nov 2025 listing

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))