Tenneco Automotive India plans to spend about US$20m to expand in the lucrative Indian market in three to five years, its local chief said.
Tenneco is in talks with Daimler’s India unit, a joint venture between Ashok Leyland and Nissan, and Tata Motors to supply emission control parts, managing director Abhijit Mukherjee told Reuters.
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Mukherjee said the Indian government’s focus on adopting of stringent emission rules 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.
