Tata Motors partners with Iveco to create the fourth-largest global group

According to a Business Standard report, Tata Motors announced on Tuesday that their joint enterprise will become the world's fourth-largest commercial vehicle manufacturing company. The total revenue of this joint venture will be around ₹2.28 lakh crore, or 21 billion euros. While this acquisition process is ongoing, the Indian auto major has acquired an 89.42 percent stake in Iveco for approximately 3.43 billion euros following the settlement of the initial cash tender offer.

This acquisition of Iveco will make it an indirect subsidiary of the Indian auto company, which is Tata Motors' biggest deal since buying Jaguar Land Rover from Ford in 2008. A total of 33,000 employees work in the Iveco Group, and it operates 16 industrial sites and 22 research and development centers.

This settlement took place after the completion of the acceptance period of the voluntary tender offer. Under this offer, Tata Motors had offered 14.4 euros in cash per share for Iveco's ordinary shares. This acceptance period will be reopened for five trading days from November 2 to November 6, 2026, to give shareholders another opportunity to tender their shares.