Tata Motors (TM) Limited’s acquisition of Iveco will be its biggest one once it is completed. TM has signed an agreement to acquire Iveco Group N.V., a European leader in commercial vehicles and mobility, through a subsidiary, for Rs 38,000 crore (USD 4.5 billion), reported The Hindu (TH) on July 31, 2025.
"This is a logical next step following the demerger of the Tata Motors Commercial Vehicle business and will allow the combined group to compete on a truly global basis with two strategic home markets in India and Europe,” Natarajan Chandrasekaran, chairman, TM told TH.
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