Latest news with #Tenneco
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Business Standard
7 hours ago
- Automotive
- Business Standard
Tenneco names Mahender Chhabra as CFO for business operations in India
Global automotive supplier Tenneco on Monday announced the appointment of Mahender Chhabra as Chief Financial Officer of its India operations, with immediate effect. Chhabra will report to Tenneco India Chief Executive Officer (CEO) Arvind Chandra and work closely with the leadership team to support the company's strategic, financial, and operational goals, the company said. In his new role, he will oversee financial strategy and operations, compliance, and overall financial performance across Tenneco's Clean Air, Monroe Ride Solutions (MRS), Champion Ignition, and Powertrain (Bearings and Sealing) businesses in India, the company said. He joins the company from Motherson Sumi Wiring India Limited, where he served the position of CFO, it stated. "Mahender's depth of financial expertise and proven leadership will be key as we continue to strengthen our operational excellence and deliver value to customers across the region. His appointment underscores our commitment to long-term growth in this strategic market," said Chandra. Chhabra brings over 27 years of extensive finance leadership experience across global automotive and technology companies. He has previously held senior finance roles at HMD Mobile India, Microsoft Corporation (India), Bharti Airtel, and Pepsi Foods, as per the company. Tenneco's presence in India includes 12 manufacturing facilities, two R&D centres, supporting both domestic and global customers. As the Indian automotive sector evolves, driven by supply chain diversification, increasing export capacity, and technology adoption, Tenneco continues to align its operations with these broader market shifts, the company said.
Business Upturn
3 days ago
- Automotive
- Business Upturn
DRiV Introduces Walker® OE-Quality Starters, Alternators and Air Conditioning Parts – All Backed by 3-Year Warranty
KONTICH, Belgium, June 06, 2025 (GLOBE NEWSWIRE) — DRiV, the aftermarket business unit of Tenneco, is once again expanding the reach of its popular Walker® brand with the introduction of two comprehensive new product ranges: Walker remanufactured starters & alternators and Walker air conditioning parts. Each new range, available in June, joins all Walker products – from emissions control to turbochargers and more – in delivering guaranteed OE quality, exceptional coverage, and the Walker brand's popular 3-year warranty*. 'Walker is setting the standard for delivering new opportunities for profitable growth of installer businesses,' said Julien Russeau, Product Management Director, DRiV. 'And every Walker part offers the impressive value of 'The Walker Way,' with product quality standards and technical support that empower installers to do the job right, every time.' Walker starters and alternators are fully renewed products backed by Walker engineers who set the standard in product quality. Each fully renewed unit begins with a high-quality OE core and is produced strictly within an OE-certified facility located in Europe. These units are also tested in accordance with OE specifications to help ensure they perform like brand-new units. Walker air conditioning parts empower installers to provide a true OE-quality repair for virtually any light vehicle – including many EV models – operated in Europe. These parts include Walker fully renewed compressors and brand-new condensers, dryers, evaporators, expansion valves, and internal blowers. Each part is engineered by Walker experts to meet OE quality specifications and deliver seamless compatibility, easy installation, and outstanding performance. About DRiV DRiV, a business group of Tenneco, is a leader in the automotive aftermarket, committed to enhancing vehicle performance through innovative solutions and exceptional engineering. With a diverse portfolio of 31 renowned brands, the focus is on delivering high-quality auto parts that ensure optimal functionality and reliability. This commitment extends across automotive and industrial sectors, featuring key brands such as MONROE®, MOOG®, Champion®, Wagner®, and Ferodo®, all dedicated to keeping the world moving efficiently. About Tenneco Tenneco is one of the world's leading designers, manufacturers, and marketers of automotive products for original equipment and aftermarket customers. Through our DRiV, Performance Solutions, Clean Air, Powertrain and Ignition business groups, Tenneco is driving advancements in global mobility by delivering technology solutions for light vehicle, commercial truck, off-highway, industrial, motorsport, and the aftermarket. Visit to learn more . CONTACT: Simonetta EspositoSenior Manager Global CommunicationsTenneco [email protected]
Yahoo
3 days ago
- Automotive
- Yahoo
DRiV Introduces Walker® OE-Quality Starters, Alternators and Air Conditioning Parts – All Backed by 3-Year Warranty
KONTICH, Belgium, June 06, 2025 (GLOBE NEWSWIRE) -- DRiV, the aftermarket business unit of Tenneco, is once again expanding the reach of its popular Walker® brand with the introduction of two comprehensive new product ranges: Walker remanufactured starters & alternators and Walker air conditioning parts. Each new range, available in June, joins all Walker products – from emissions control to turbochargers and more – in delivering guaranteed OE quality, exceptional coverage, and the Walker brand's popular 3-year warranty*. 'Walker is setting the standard for delivering new opportunities for profitable growth of installer businesses,' said Julien Russeau, Product Management Director, DRiV. 'And every Walker part offers the impressive value of 'The Walker Way,' with product quality standards and technical support that empower installers to do the job right, every time.' Walker starters and alternators are fully renewed products backed by Walker engineers who set the standard in product quality. Each fully renewed unit begins with a high-quality OE core and is produced strictly within an OE-certified facility located in Europe. These units are also tested in accordance with OE specifications to help ensure they perform like brand-new air conditioning parts empower installers to provide a true OE-quality repair for virtually any light vehicle – including many EV models – operated in Europe. These parts include Walker fully renewed compressors and brand-new condensers, dryers, evaporators, expansion valves, and internal blowers. Each part is engineered by Walker experts to meet OE quality specifications and deliver seamless compatibility, easy installation, and outstanding a business group of Tenneco, is a leader in the automotive aftermarket, committed to enhancing vehicle performance through innovative solutions and exceptional engineering. With a diverse portfolio of 31 renowned brands, the focus is on delivering high-quality auto parts that ensure optimal functionality and reliability. This commitment extends across automotive and industrial sectors, featuring key brands such as MONROE®, MOOG®, Champion®, Wagner®, and Ferodo®, all dedicated to keeping the world moving is one of the world's leading designers, manufacturers, and marketers of automotive products for original equipment and aftermarket customers. Through our DRiV, Performance Solutions, Clean Air, Powertrain and Ignition business groups, Tenneco is driving advancements in global mobility by delivering technology solutions for light vehicle, commercial truck, off-highway, industrial, motorsport, and the aftermarket. Visit to learn more CONTACT: Simonetta EspositoSenior Manager Global CommunicationsTennecosesposito@ *Warranty limitations apply per warranty conditions to be found on Photos accompanying this announcement are available at: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
02-06-2025
- Business
- Forbes
The New Geography Of Tech Capital: Where The Money's Moving And Why
Farhan Naqvi | Investment banker turned finance & strategy leader. Ex–public company CFO with experience leading IPOs & M&As | Tenneco. getty The flow of capital into technology has never been more dynamic or more fragmented. For decades, Silicon Valley reigned as the undisputed epicenter of tech innovation and investment. Today, however, a combination of globalization, geopolitics, remote work and evolving investor appetites is redrawing the investment map. Capital is moving in new directions. From Bangalore to Riyadh, from Nairobi to Jakarta, global tech hubs are emerging and attracting billions in venture, private equity and sovereign wealth investment. For founders, investors and policymakers, understanding this shift is essential. In this article, I explore why the geography of tech capital is changing, where the money is flowing and what this means for the future of innovation finance. The pandemic permanently broke the geographic constraints of startup formation. Distributed teams, virtual company building and global talent access have diminished Silicon Valley's monopoly on innovation. According to PitchBook, in 2023, a significant percentage of VC dollars were invested outside the traditional U.S. coastal hubs. Local success stories are creating virtuous cycles. When companies like Flipkart (India), Nubank (Brazil) and Jumia (Africa) succeed, they spawn alumni networks, second-time founders and venture ecosystems. Governments are actively cultivating domestic tech sectors. The European Union's 8.1 billion euro "Digital Europe Programme" aims to bolster homegrown innovation. China's "Made in China 2025" policy has led to over $143 billion in investments into domestic semiconductor industries. Sovereign wealth funds, family offices and new venture vehicles are expanding beyond Silicon Valley. Mubadala, Temasek and Saudi Public Investment Fund (PIF), among others, have collectively committed $100 billion to global tech investments in the last three years. India attracted over $38 billion in venture capital (VC) funding in 2021 alone, according to Bain & Company. Bengaluru has emerged as an SaaS hub, and fintech startups like PhonePe and Razorpay are redefining digital payments at a massive scale. The Association of Southeast Asian Nations (ASEAN) digital economy is projected to exceed $363 billion by 2025, according to a report from Google, Temasek and Bain & Company. Startups like Grab and Gojek are setting the pace, while Vietnam, Indonesia and the Philippines are seeing rapid startup formation. VC funding in the Middle East and North Africa (MENA) region grew by 138% YoY in 2021, according to MAGNiTT. As mentioned, Saudi Arabia's PIF has launched a $1 billion tech-focused fund, while Abu Dhabi's Hub71 initiative supports over 200 tech startups. VC investment in Africa hit $6.5 billion in 2022, according to Partech Partners, with fintech accounting for a significant percentage of total funding. Nigeria, Kenya, Egypt and South Africa are emerging as the "Big Four" of African tech ecosystems. Startups must think globally from day one. Building cross-border networks, understanding multiple regulatory regimes and accessing diverse funding sources is no longer optional. Talent acquisition must also reflect global competition. Global diversification is key. Investors willing to step outside traditional markets can capture earlier entry into breakout ecosystems and benefit from valuation arbitrage opportunities. Creating a pro-innovation environment matters more than ever. Policy frameworks that attract talent, capital and innovation will determine which regions thrive in the coming decade. Capital no longer moves along predictable paths. The future of tech innovation is multipolar, dynamic and deeply influenced by regional factors. Founders and investors who embrace this complexity will be best positioned to thrive. Innovation knows no borders. In today's world, neither should capital. The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation. Forbes Finance Council is an invitation-only organization for executives in successful accounting, financial planning and wealth management firms. Do I qualify?
Yahoo
23-05-2025
- Automotive
- Yahoo
Advanced Engine and Component Manufacturing Achievements Highlighted in Recent Webinar
Featuring speakers from Cummins, Tenneco, and Volvo Group – now available to view online Washington, D.C., May 23, 2025 (GLOBE NEWSWIRE) -- Industry experts from leading companies in engines, equipment, and components recently came together in a webinar to discuss what it takes to manufacture advanced engines and components, from concept to customer. The webinar is now available for online viewing. The session features representatives from Cummins, Tenneco, and Volvo Group who shared insights about their approach to producing advanced engine technologies for heavy-duty vehicles and equipment. 'Internal combustion engines (ICEs) are truly a marvel of technology – delivering increased performance and fuel efficiency while achieving near-zero emissions,' said Allen Schaeffer, Executive Director of the Engine Technology Forum, the sponsor of the webinar. 'Producing these complex engines involves a rigorous, multi-step process focused on meeting customer needs. This session brings together a full range of perspectives from a leading Tier 1 component supplier, engine manufacturer, and heavy-duty truck manufacturer.' Steve Krause, Executive Director Sales and Strategy, Powertrain Group at Tenneco, a leading Tier 1 supplier, outlined their commitment to advancing internal combustion engine technology through continued technical developments, innovation in design, ongoing improvements in manufacturing and processes, and the use of alternative fuels aimed at reducing emissions to near-zero levels. He highlighted the extensive use of advanced analysis tools to achieve right-first-time validation, emphasizing how engineering excellence in components remains essential to driving continued advancements in internal combustion engines. Imon Uduehi, General Manager for Alternate Fuels and Fuel Delivery Systems at Cummins detailed their road to manufacturing the hydrogen internal combustion engine; a commitment that spans production and storage of hydrogen, manufacturing of fuel cells, and hydrogen for internal combustion engines. The HELM™ - Higher Efficiency, Lower Emissions, and Multiple Fuels - Cummins engine platform was reviewed. The prototype production of the 6.7H engine was used as an example, noting that it is successfully demonstrating diesel-like performance ratings and is a flexible compliant architecture package and is design future-proofed for market applicability. Niclas Söderström, Director of Engineering GTO Powertrain Production at Volvo Group outlined their process to develop today's advanced engines. The process involves establishing requirements, virtual design, manufacturing of prototypes, builds for certifications, product validation, and final product delivery. An integrated process includes not only technology but also purchasing and operations to support the product in the field. He highlighted the work of the Volvo Group Hagerstown plant in producing a range of engines and axles for both Volvo and Mack Trucks. A diverse audience was in attendance, including representatives from municipal, state, and federal government agencies; research and technical institutions; academia; NGO's; and truck, engine, and equipment manufacturers as well as dealers and the service and equipment industry. View the recorded webinar here. About the Engine Technology ForumFounded on the principles of fact-based education, science, outreach and collaboration, the Engine Technology Forum is dedicated to promoting a greater understanding of the benefits of advanced engines and the fuels that they use, as well as how these contribute to a sustainable future. Sign up for our digital newsletter and connect with us on LinkedIn, X, Facebook, Instagram, and YouTube. CONTACT: Allen Schaeffer Engine Technology Forum 3015149046 aschaeffer@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
