Citi Initiates Buy Rating on Tenneco Clean Air India with Target Price of ₹650
Citi has initiated Buy coverage on Tenneco Clean Air India with a ₹650 target price, driven by CAPT and ART segment growth, premiumisation in passenger and commercial vehicles, stricter emission norms, new order wins, and global order shifts. The brokerage notes risks from ICE market exposure, raw material volatility, and potential emission policy delays.
Tenneco Clean Air India Receives Buy Rating with ₹610 Target Price on Strong Market Position
Tenneco Clean Air India receives Buy rating with ₹610 target price based on strong market positions of 40-68% across automotive segments. Analysts project 14-17% CAGR growth over FY25-28E driven by emission norms and premiumisation. Company faces EV transition risks affecting 20% of revenue but benefits from hybrid and commercial vehicle demand.