Business · Companies · 7 hrs ago
Tata Motors takes 89.42% stake in Iveco to build global vehicle business
Tata Motors has acquired an 89.42% stake in Iveco, the Italian truck and bus maker, making it an indirect unit of the Indian company.
The deal, completed on October 30, is intended to build a global commercial vehicle business focused on growth, not simply combine operations.
Together, the companies expect annual revenue of about $24 billion and sales of nearly 600,000 vehicles, with operations in more than 130 countries.
Iveco will keep its headquarters in Turin and retain the identity of its brands and its industrial presence.
The companies plan to bring some Iveco vehicles to India and use Tata Motors platforms in international markets.
They will also work together on electric and hydrogen technologies, connected vehicles, software and components.
Tata Motors plans to acquire the remaining Iveco shares and delist the company, with further steps underway.
Tata Motors has secured an 89.42% stake in Iveco Group, creating a commercial vehicle group with about €21 billion in revenue.
The combined group operates in more than 130 countries and has more than 73,000 employees.
Iveco will retain its headquarters in Turin and its distinct brand identities, the companies said.
Tata and Iveco plan to work together on electric and hydrogen technologies, connected vehicles and other areas.
Tata chairman N Chandrasekaran said the deal is intended to support growth, not consolidation.
- Who
- Tata Motors and Iveco Group. Tata secured an 89.42% stake in Iveco.
- What
- Tata Motors acquired a controlling stake in Iveco, bringing the companies together in a commercial vehicle group.
- When
- The deal was announced on July 30, 2025, and completed on October 30, 2026.
- Where
- The companies presented their post-deal strategy at an event in Turin, Italy.
- Why
- The companies say they aim to build a global commercial vehicle business and support growth by combining complementary markets and capabilities.
This story does not have two clearly opposing sides.
Tata Motors announced the Iveco deal.
Tata Motors completed the deal and announced it had secured an 89.42% stake in Iveco.
Tata and Iveco executives presented the group’s strategy at an event in Turin.
- Iveco stake acquired
- 89.42%
- Combined revenue
- About €21 billion
- Countries of operation
- More than 130
- Employees
- More than 73,000
- Sales and service network
- More than 9,300 touchpoints
- Iveco headquarters
- Turin, Italy
2 sources
What people are saying
This should not be seen as a consolidation effort
This is about the future
The opportunity is not to make one organisation more like the other
Iveco Group will continue to have its headquarters in Turin, maintaining the distinctive identity of its brands, its people and its industrial presence