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Iveco deal to pave the way for TaMo CVs' global drive
Business Standard
|July 31, 2025
Tata Motors on Wednesday announced a €3.8 billion ($4.4 billion) all-cash voluntary tender offer to acquire 100 per cent of the common shares of Iveco Group N.V., excluding its defence business.
Tata Motors on Wednesday announced a €3.8 billion ($4.4 billion) all-cash voluntary tender offer to acquire 100 per cent of the common shares of Iveco Group N.V., excluding its defence business. The acquisition, once completed, will create one of the world's largest commercial vehicle (CV) groups with combined annual revenues of around €22 billion (over ₹2 trillion).
"The combination brings together complementary capabilities, global reach, and a shared strategic vision to drive long-term growth and unlock significant value," Tata Motors said in a statement. The Iveco Group board has recommended Tata Motors' all-cash voluntary tender offer for Iveco Group common shares and the completion of the offer is conditional on the separation of Iveco Group's defence business, the statement noted.
This story is from the July 31, 2025 edition of Business Standard.
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