Tata Motors is set to acquire Iveco’s trucks and bus business for €3.8 billion in its biggest deal since Jaguar Land Rover. Executive Director Girish Wagh said the acquisition aligns complementary product portfolios and combines Tata’s frugal engineering with Iveco’s expertise in electrification, hydrogen, and ADAS. He added that the integration could unlock revenue synergies through cross-market opportunities—introducing Iveco products in India and Tata vehicles in Latin America. While Iveco will retain its brand and operations, Tata Motors plans to refinance the bridge loan through equity and internal accruals, with the deal expected to be earnings accretive from year two.