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Iveco outlook cuts cast a cloud over Tata Motors
Mint Kolkata
|February 05, 2026
“Iveco’s volatile quarterly Ebit (earnings before interest and tax) trend is an area of concern,” Pramod Amthe of InCred Equities wrote in a 4 January note, highlighting how the company’s Ebit fell from €375 million in the December quarter of 2024-25 to €101 million in the September quarter of 2025-26.
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The Indian auto major had to defend the deal even at the time of announcement.
‘Given the group’s challenging experience with steelmaker Corus and JLR acquisitions, why do you think this is somewhere Tata Motors can create value?” asked Sonal Gupta, head of research-equities, at HSBC Asset Management India, on 31 July.
Tata Motors did not respond to Mint’s emailed queries.
The company has agreed to acquire the commercial vehicle business of Iveco, backed by the Agnellis, the family behind the Fiat Group, for a total value of $4.4-billion.
This story is from the February 05, 2026 edition of Mint Kolkata.
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