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Tenneco’s India unit to invest $20 mln in 3-5 years

Tenneco’s India unit to invest $20 mln in 3-5 years
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First Published: Thu, Sep 08 2011. 06 58 PM IST
Updated: Thu, Sep 08 2011. 06 58 PM IST
New Delhi: Tenneco Automotive India Pvt Ltd, a unit of US -based Tenneco Inc that makes emission control and ride control systems, plans to invest about $20 million to expand in the lucrative Indian market in three-five years, its local head said on Thursday.
Tenneco, which sells directly to carmakers and in the after market, is in talks with Daimler’s India unit, joint venture between Ashok Leyland and Nissan, and Tata Motors to supply emission control parts, managing director Abhijit Mukherjee told Reuters.
The company’s customers include Maruti Suzuki, Mahindra and Mahindra and General Motors.
Mukherjee said the Indian government’s focus on adaptation of stringent emission norms will help the company in the long run.
The company’s India revenue grew three-fold in as many years, Mukherjee said, but declined to say how much the country contributes to the total revenue of the company.
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First Published: Thu, Sep 08 2011. 06 58 PM IST