Automotive component manufacturer Tenneco Clean Air India has announced its financial results for the Q4 and FY2026. The company, which supplies emission controls, powertrains and suspension systems to original equipment manufacturers (OEMs), reported a value-added revenue (VAR) increase of 17.5 percent YoY for Q4 and 12.3 percent for the full fiscal year.

The company said it utilises value-added revenue as its primary performance metric to exclude pass-through substrate costs from its operations.

For Q4, value-added revenue reached INR 14,058 million, up from INR 11,963 million in the corresponding quarter of the previous fiscal year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) for the quarter stood at INR 2,573 million, representing an 18.3 percent margin on value-added revenue. Profit after tax (PAT) for Q4 grew 19 percent YoY to INR 1,668 million, yielding an 11.9 percent margin.

For FY2026, total value-added revenue rose to INR 54,040 million compared to INR 48,904 million in FY2025. Full-year EBITDA reached INR 9,255 million, establishing a margin profile of 18.8 percent. Annual profit after tax concluded at INR 6,044 million, equivalent to a 12.3 percent margin, while return on capital employed (ROCE) increased to 94 percent from 57 percent in the prior fiscal year.

The company's revenue streams are divided across two core business segments:

• Clean Air & Powertrain Solutions: Generated INR 6,905 million in Q4 FY2026 and INR 49,180 million for the full fiscal year.
• Advanced Ride Technologies (ART): Generated INR 7,153 million in Q4 FY2026 and INR 24,885 million for the full fiscal year.

The total cumulative lifetime order book, excluding programs already in active commercial production, reached INR 124,000 million as of 31 March 2026. This order volume encompasses the revenue targets set by management for the fiscal year 2028.

During the fiscal year, Tenneco India secured several development contracts across its operating divisions, including the selection of its advanced suspension system for a vehicle platform by an Indian SUV manufacturer.

Additional contracts were signed with a Japanese passenger vehicle manufacturer for emission systems, a European commercial vehicle manufacturer for aftertreatment solutions and an Indian commercial vehicle manufacturer for an engine platform. The company also executed a technology proof-of-concept for a Euro VII emission control layout with a European truck manufacturer and secured a contract for bearing systems with a Japanese passenger car OEM.

To accommodate current order volumes, the company has approved a total capital expenditure allocation of INR 1,400 million. The investment framework funds the construction of two production sites: a greenfield manufacturing plant for Clean Air Systems located in North India, alongside a greenfield facility for Advanced Ride Technologies located in West India.

Arvind Chandra, Whole-Time Director and CEO, Tenneco India, said, “Over the past few years, the team has worked diligently to build a resilient, diversified and execution led business model. This was clearly demonstrated during the quarter and the year under review. Despite geopolitical headwinds since the end of February 2026 and the incremental overheads associated with becoming a listed entity, the team delivered a FY2026 double-digit topline growth at 12 percent and, more importantly, a strong operating performance with the highest-ever EBITDA margin at 18.8 percent. Supported by a strong and expanding order book, we continue to proactively scale our manufacturing capabilities to meet rising customer demand. In addition to the recently announced expansion in Northern India of INR 710 million, we plan to expand our manufacturing presence in Western India with an investment of INR 690 million, leading to a total of INR 1,400 million. These strategic capacity additions position us well to capture incremental growth opportunities, strengthen customer partnerships and support long term value creation. We recently completed a strategic Proof of Concept with a leading European Truck OEM for a Euro VII–compliant Clean Air solution, thereby strengthening capabilities in advanced emission technologies and readiness for future legislations. Also, we were honoured with the Zero-Defect Supplier Award by Toyota in the ART business, underscoring our commitment to operational excellence. In addition, we secured a strategic entry into the engine bearings business at a leading Japanese OEM, due to superior product technology, better quality and longstanding business relationship across other product verticals. Our H2 FY2026 order book addition stands at INR 60,254 million. Combined with the previously announced H1 order book, net of orders currently under production, the incremental lifetime order book reached INR 124,000 million as of March 31, 2026. This robust order book provides strong revenue visibility covering more than 100 percent of FY28 target revenues underpinning a healthy double-digit CAGR trajectory.”

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Pune-headquartered automotive component supplier Varroc Engineering and French battery system manufacturer Forsee Power have joined forces to produce electric vehicle battery packs in India.

Under the terms of the transaction, Varroc will acquire a 45 percent equity stake in Forsee Power's Indian subsidiary, Forsee Power India and will assume management and operational control of the entity.

Varroc will also subscribe to Optionally Convertible Redeemable Preference Shares to provide growth capital for the joint venture, subject to regulatory and corporate approvals. The joint venture will initially focus on battery pack development for three-wheeled electric vehicles, before expanding into two-wheelers, light commercial vehicles, buses, trucks and industrial equipment.

The agreement combines Forsee Power's battery system architecture and software with Varroc's component manufacturing, engineering infrastructure and vehicle manufacturer supply relationships across domestic assembly operations.

Arjun Jain, Whole Time Director and CEO – Business I, Varroc, said, "Electric mobility is both evolving and growing rapidly, thus creating new opportunities and new requirements for the automotive industry. Through this evolution we believe OEMs will need partners who can anticipate changes and translate them into reliable, cost-effective solutions at scale. Our partnership with Forsee Power brings together complementary strengths in battery-system technology, automotive engineering, manufacturing and customer relationships. It represents an important step in expanding Varroc’s portfolio to address the evolving needs of our market and the future of mobility. This will further enhance addressable content per electric vehicle in all the segment."

Christophe Gurtner, Chairman and CEO, Forsee Power, said, "With the rapid growth of electric mobility adoption in India, the opportunity is clear and we are ready to scale. Joining forces with Varroc combines our battery technology with local industrial strength and customer access. Three-wheelers are our starting point, with a clear ambition to expand across two-wheeler, commercial and industrial vehicles."

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German technology company AUMOVIO will showcase a portfolio of braking, rider assistance and connectivity solutions for motorcycles and powersports vehicles at EICMA 2026 in Milan, scheduled from 3 to 8 November 2026.

The company's showcase centres on the launch of the MK 120 MAB brake system, which extends AUMOVIO's braking product line beyond two-wheeled applications. The system is engineered for three-wheeled scooters, side-by-side vehicles, utility terrain vehicles and all-terrain vehicles.

It integrates vehicle stability functions derived from passenger car and motorcycle architectures, including active yaw control and wheel lift mitigation, to assist vehicle control across varied terrain.

In addition to the MK 120 MAB, AUMOVIO will display its Motorcycle ABS 2.3 Base unit featuring an optional inertial measurement unit, alongside the MiniMAB EVO system designed for small-displacement scooters and commuters.

The company's display also features radar sensors for adaptive cruise control and blind-spot detection, digital instrument clusters ranging from 4 to 8.8 inches, a standalone Connected Infotainment Box and automated manual transmission control units.

The hardware, software and electronic systems on display utilise automotive development, cybersecurity and production standards adapted to motorcycle and powersports operational environments.

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Auto component manufacturer Eastman Auto and Power has appointed Rajesh Jindal as Chief Executive Officer.

He comes with over 34 years of corporate experience spanning sales, marketing and product management, following a 24-year tenure at Amara Raja Energy and Mobility, where he most recently served as Chief Marketing Officer for automotive batteries in India.

Jindal holds a bachelor's degree in mechanical engineering alongside a Master of Business Administration qualification. During his career, he has managed distribution networks, channel partner relations and go-to-market strategies within the energy storage and automotive component sectors.

Shekhar Singal, MD, Eastman Auto and Power, said, "With over 34 years of experience, Jindal has garnered experience in sales, marketing and product development and is well-positioned to accelerate Eastman’s growth journey. As he begins this new chapter at Eastman, we look forward to his leadership in deepening our commitment for delivering sustainable value for our customers, partners, employees and stakeholders - advancing the company's long-term growth aspirations and inspiring the organisation to achieve new milestones together."

Established in 2000, Eastman Auto and Power operates across three business verticals: last-mile electric mobility solutions, residential solar storage systems and energy storage solutions.

The company employs over 3,600 personnel across seven manufacturing plants in India, supported by a distribution network of more than 1,200 direct partners and over 400 original equipment manufacturer clients worldwide.

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Kuraray America, Inc. (KAI) recently took part in the SAE International Thermal Management Systems Symposium, held on 6–7 October 2026 in Dearborn, Michigan. The event gathered mobility-industry professionals to discuss technologies and emerging challenges in vehicle thermal management. Throughout the two-day symposium, the Kuraray GENESTAR team connected with attendees at Booth #19, sharing insights into high-performance engineering materials.

The team demonstrated how GENESTAR PA9T can meet demanding automotive application requirements. This heat-resistant polyamide engineering plastic was developed by Kuraray using unique monomers, combining low water absorption, high heat resistance, chemical resistance, dimensional precision and excellent moldability. It also offers electrical properties suitable for demanding electrical and electronic applications, including low water absorption, chemical resistance, moldability, insulation performance, thermal resistance and dimensional stability.

These characteristics make GENESTAR relevant for a broad range of electrical, electronic and automotive components. Kuraray lists automotive applications including connectors, relays, insulators and wire harnesses, while GENESTAR materials also serve in sliding, fuel and air-intake systems. The company reports use in automotive gears, bearings, piping and intercooler tanks, and the material is being considered for electric-vehicle applications as well.

The SAE symposium provided a forum for exchanging insights into evolving thermal management technologies. The 2026 programme covered battery and electronics cooling, climate control, alternative refrigerants and vehicle thermal engineering approaches. For Kuraray, participation enabled direct engagement with engineers and industry professionals about how high-performance materials can address increasingly complex automotive design requirements, with GENESTAR PA9T offering a material option where multiple performance demands must be met simultaneously.

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