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Chennai:
The US headquartered $3.8 billion auto component group
Tenneco Automotive has set up a full-fledged business
process outsourcing (BPO) subsidiary Tenneco India Engineering
& Shared Services (TIESS), in Chennai.
To
start with, the BPO unit will offer information technology
support on development of SAP and Lotus Notes, human resource
related services (pay roll ,etc,) and global operations
monitoring to Tenneco Automotive''s US and European operations.
Subsequently,
the unit is expected to offer financial services and engineering
design for Tenneco Automotive, a global major in emission
and ride control systems.
Says
TIESS managing director Abhaya Shankar, "The parent
group has a target to reduce its selling and general administration
costs by 30 per cent. And the Indian subsidiary is an
effort towards that." Falling under the Software
Technology Park of India (STPI) scheme, TIESS has secured
income tax exemption till 2010 and can source products
free of excise duties.
"Our
IT budget is around $42 million and we have 280 software
employees world wide," says Bill Haser, vice president
and chief information officer, Tenneco Automotive-USA.
India
is not new to the American auto component company. The
company has four plants in India ride control product
plants in Gurgaon, Hosur and Pondicherry and an emission
control products plant
in Pune. The plants rolls out brands like Monroe (shock
absorbers and struts) and Walker (exhaust management products
like mufflers and catalytic converters).
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