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Monday, 19 September 2011

Investment of $20 mn in 3-5 year by Tenneco's India unit

Tenneco RC India Pvt Ltd, a unit of U.S.-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.

Tenneco, selling directly to car manufacturers and in the aftermarket, 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.Vcommindia News

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