• Financial performance: Full-year revenues grew over 12%, achieving a record EBITDA margin of 18.8%, a 94% ROCE, and an order book of ₹12,400 crore.
• Plant capacity expansion: Tenneco is investing approximately ₹140 crore across two new greenfield facilities in North and West India, with revenue ramping up in FY28 and reaching peak capacity in FY29.
• Suspension technology traction: The DaVinci DCx mechanical suspension and software-enabled semi-active solutions are seeing broad interest across Indian, Japanese, Korean, and commercial vehicle OEMs beyond Mahindra.
• Export mix expansion: Exports currently represent 5% to 6% of sales but make up 14% to 20% of the order book, driven by China-plus-one sourcing, cost arbitrage, and technology equalization.