Archive · 18 Nov 2025
Tata Motors Clears EU Hurdle for Iveco Acquisition
Tata Motors, an Indian automaker, has received approval from the European Union to buy Iveco, an Italian truck and bus maker.
The deal is worth about USD 4.5 billion and will create a company with combined revenues of around €22 billion.
However, Iveco must first sell its defense division to another Italian company.
Tata Motors hopes this acquisition will help it compete globally.
Tata Motors' commercial vehicles arm gets EU nod for Iveco acquisition
Iveco must sell defense division to Leonardo for €1.7 billion
Acquisition valued at around USD 4.5 billion, second-largest for Tata Group
Merged group to post revenues of around €22 billion
Tata Motors to route acquisition through fully-owned Dutch entity
- Who
- Tata Motors, Iveco, European Commission, Agnelli family
- What
- Acquisition of Iveco by Tata Motors
- When
- Late Monday, July 2025
- Where
- European Union, India, Italy
- Why
- To create a globally competitive automaker with strong presence in India and Europe
Proponents of the Deal
Opponents of the Deal
Global Competitiveness
Proponents of the Deal
The acquisition will help create a globally competitive automaker with strong presence in India and Europe.
Opponents of the Deal
The deal may lead to job losses and plant closures due to overlaps in operations.
- Acquisition Value
- USD 4.5 billion
- Combined Revenues
- €22 billion
- Iveco Defense Division Sale
- €1.7 billion to Leonardo
- Tata Motors Arm Involved
- TML Commercial Vehicles
- Iveco Headquarters
- Turin, Italy