Tata Motors to Finalize Rs 38,000 Crore Global Takeover of Iveco

Tata Motors plans to acquire full control of European commercial vehicle maker Iveco Group N.V., excluding its defence business, through a voluntary public cash tender offer worth about €3.8 billion (₹38,000 crore). This is Tata Motors’ largest acquisition since Jaguar Land Rover in 2008. The deal will be executed by a Tata-owned entity under Dutch law. Post-acquisition, the combined commercial vehicle business will have revenues of €22 billion, with strong presence in Europe, India, and the Americas. The merger aims to create a global leader in sustainable mobility with enhanced investment capacity and growth opportunities.