Tenneco’s Indian Arm Charts a Course with Robust Orders and Strategic Moves

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While its US parent operates privately following its acquisition by Apollo Global Management, Tenneco’s publicly listed Indian subsidiary, Tenneco Clean Air India, is commanding significant investor attention. The company’s operational health, underscored by an 18.6% EBITDA margin reported for Q3 of fiscal 2026, raises a pivotal question: can its aggressive push into emerging markets provide lasting support for the valuation of Apollo’s broader automotive portfolio?

Beyond the balance sheet, Tenneco is elevating its technological profile through a high-visibility alliance. The company has been named the official technical partner for the Cadillac Formula 1 team, set to debut in the 2026 season.