Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
TaMo aims to drive down Iveco costs, open new roads
Mint Chennai
|October 01, 2025
Analysts questioned the rationale of buying the Italian firm that was facing growth hurdles
Tata Motors said the Iveco buyout could unlock a bigger value than JLR.
Tata Motors' biggest global bet since Jaguar Land Rover (JLR) will be steered by cost savings. Cutting spending on product development, components and research is central to its $4.4 billion acquisition of Italian commercial vehicle maker Iveco, alongside plans to expand into new markets and product segments, the company said, maintaining that the move could unlock a bigger value than even JLR.
At a meeting with analysts of top brokerage houses on Monday, the company's management laid out its plan to leverage its biggest buyout after JLR in 2008. This comes at a time when analysts questioned the rationale of the buyout just ahead of the demerger of its commercial vehicle entity.
This story is from the October 01, 2025 edition of Mint Chennai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Chennai
Mint Chennai
What went into quadrupling Jio Payments Bank's footprint
Jio Payments Bank Ltd is aggressively expanding its sales network to catch up with market leader Airtel Payments Bank, with the aim of using this wider reach to acquire customers for its more profitable financial products.
2 mins
November 25, 2025
Mint Chennai
British cosmetic co Lush re-enters India
British cosmetics retailer Lush, which is reentering India after close to three decades, looks to tap the fast-growing luxury segment in beauty & personal care and expects the country to be among its top 10 global markets in the next 3-5 years, its co-founder Rowena Bird said.
1 min
November 25, 2025
Mint Chennai
AI ignites the return of Bezos the inventor
‘Tm the least retired person in the world,’ Amazon founder says
4 mins
November 25, 2025
Mint Chennai
Diwali is past, but shopping season is roaring ahead
India's consumption engine appears to be humming well past the Diwali rush, with digital payments showing none of the usual post-festival fatigue.
1 min
November 25, 2025
Mint Chennai
Let digital links and AI fix gaps in power grids as they go green
Digital interoperability and AI can deliver energy efficiency and resilience against transition shocks
3 mins
November 25, 2025
Mint Chennai
TCS, Wipro US patent suits worsen IT's woes
Two of the country’s largest information technology (IT) services companies—Tata Consultancy Services Ltd and Wipro Ltd—faced fresh patent violations in the last 45 days, signalling challenges to their expansion of service offerings.
1 min
November 25, 2025
Mint Chennai
Quality control orders: Let's fix all distortions
Dropping QCOs that act as import barriers for factory inputs will help reduce costs but India should also tackle other distortive aspects of our trade policy that do the economy a disservice
2 mins
November 25, 2025
Mint Chennai
SC clears Sandesarass after ₹5,100-crore settlement deal
Court drops all criminal proceedings against Sterling Biotech promoters in a bank fraud case
3 mins
November 25, 2025
Mint Chennai
Sunteck in Dubai with ₹10,000-cr luxe project
Sunteck Realty Ltd has ventured into the Dubai property market with a ₹10,000-crore luxury project in the prime Downtown Dubai area, at a time when the city is witnessing a surge in demand for high-end properties.
1 min
November 25, 2025
Mint Chennai
Govt plans reform push in winter session
The government is preparing to push a packed reform agenda through parliament's short winter session that will start 1 December, with 15 sittings scheduled to clear major legislations tied to crucial issues, including ease of doing business, regulatory consolidation, foreign investment, and sectoral reforms.
1 mins
November 25, 2025
Listen
Translate
Change font size