Apollo said to weigh Tenneco India IPO at $2 billion valuation

Apollo is considering a Tenneco India IPO with a potential valuation of $2 billion. This move could reshape the automotive parts sector in India, with Apollo Group seeking to capitalize on Tenneco's growing presence in the market. The IPO plans highlight the increasing investor interest in automotive companies, particularly in the manufacturing and parts segment. The listing could attract significant capital to further expand Tenneco's operations in India and internationally. It reflects the broader trend of global companies considering India as a major market for growth and investment, signaling a positive outlook for the automotive industry.