Tata-Iveco Combine Eyes Significant Growth in Volumes, Revenues over Next 5 Years: Chandrasekaran
The deal gives Tata Motors control of 89.42% of Iveco Group and triggers board changes and new senior appointments, the companies said.
- On Friday, October 30, 2026, Tata Motors Limited completed the acquisition of 89.42% of Iveco Group's common share capital for approximately $4.32 billion, integrating the Italian truck manufacturer into its operations.
- This purchase stems from an agreement originally announced in July 2025 valued at 3.8 billion for the commercial vehicle business, with Iveco's defense division sold separately to Leonardo.
- The Iveco board underwent significant restructuring following the acquisition, appointing N. Chandrasekaran as Chairperson and Senior Non-Executive Director and adding Tata Motors Managing Director and CEO Girish Wagh as a director.
- As a direct result of the purchase completion, Iveco Group moved the release of its 3rd Quarter 2026 financial results to November 3, 2026, from the originally scheduled November 5.
- The tender offer period reopens for additional shareholders from November 2 to November 6, 2026, with settlement for these additional shares scheduled for November 13, 2026.
54 Articles
54 Articles
One of the most historic manufacturers in commercial vehicles is turning a page in its many years of history, passing into the hands of an Indian group. The Italian manufacturer Iveco (Industrial Vehicles Corporation) based in Turin is known for its tradition of more than 50 years in light, medium and heavy commercial vehicles. Read more at carandmotor.gr Read more at iefimerida.gr One of the most historic manufacturers in commercial vehicles is…
Tata Motors Limited has completed the integration of Iveco Group N.V. as a subsidiary, giving rise to a new giant of commercial mobility that scales to the fourth world position by volume of sales of trucks of more than 6 tons. The operation, formally staged in Turin by the executives of both companies, consolidates a group of more than 21 billion euros in combined revenues, which exceeds 228 billion Indian rupees, and accumulated annual sales o…
Tata Sons chair Chandrasekaran meets Italy PM Meloni after Iveco takeover
N Chandrasekaran, the chairman of Tata Sons, recently engaged in discussions with Prime Minister Giorgia Meloni in Rome. Their talks revolved around Tata Motors' strategic acquisition of a controlling interest in Iveco Group. This move aims to enhance Tata Motors' global footprint and refine their market approach, with integration efforts already active as they look to solidify their international operations.
With the acquisition of the Italian Iveco Group, Tata Motors is becoming one of the world's largest commercial vehicle manufacturers. The Indian Group is thus also securing access to the European truck market.
The Indian managers assure: "No doubt about the future of the group, we are already investing" . The relationship with the city born in the 90s: "Strong legame," the headquarters of the group remains here. The unions: "I have a table to protect the 6 thousand Turin employees"
Tata Motors, Iveco launch global commercial vehicle giant with euro 21 billion revenue
The combined enterprise will have a presence in over 130 countries, with revenues of approximately 21 billion euros (over Rs 2.28 lakh crore) and annual sales volumes of around 5.9 lakh vehicles.
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