Tata Motors May Acquire Iveco in Rs 375 Billion Deal
ECONOMY & POLICY

Tata Motors May Acquire Iveco in Rs 375 Billion Deal

Tata Motors is reportedly set to acquire Italian commercial vehicle manufacturer Iveco from the Agnelli family in a landmark deal valued at US$4.5 billion (approximately Rs 375 billion), according to a report by The Economic Times on 30 July. If finalised, the acquisition would mark the Tata Group’s second-largest deal ever and the biggest by its automotive division.
The Agnelli family is the principal shareholder in Iveco, which is based in Turin. According to the report, both Tata Motors and Iveco board members are expected to meet on 30 July to approve the transaction.
Tata Group’s largest deal to date remains Tata Steel’s US$12 billion acquisition of Corus Group in 2007. This was followed by Tata Motors’ purchase of Jaguar Land Rover from Ford for US$2.3 billion in 2008.
The newspaper stated that an official announcement is anticipated soon, and Iveco has confirmed it is in “advanced talks” with two potential buyers.
Meanwhile, Tata Motors is due to announce its Q1 FY26 results next week. In the previous quarter, it reported a 51 per cent year-on-year decline in consolidated net profit at Rs 84.7 billion, while consolidated total revenue from operations rose marginally by 0.4 per cent to Rs 1.195 trillion, missing market expectations. 

Tata Motors is reportedly set to acquire Italian commercial vehicle manufacturer Iveco from the Agnelli family in a landmark deal valued at US$4.5 billion (approximately Rs 375 billion), according to a report by The Economic Times on 30 July. If finalised, the acquisition would mark the Tata Group’s second-largest deal ever and the biggest by its automotive division.The Agnelli family is the principal shareholder in Iveco, which is based in Turin. According to the report, both Tata Motors and Iveco board members are expected to meet on 30 July to approve the transaction.Tata Group’s largest deal to date remains Tata Steel’s US$12 billion acquisition of Corus Group in 2007. This was followed by Tata Motors’ purchase of Jaguar Land Rover from Ford for US$2.3 billion in 2008.The newspaper stated that an official announcement is anticipated soon, and Iveco has confirmed it is in “advanced talks” with two potential buyers.Meanwhile, Tata Motors is due to announce its Q1 FY26 results next week. In the previous quarter, it reported a 51 per cent year-on-year decline in consolidated net profit at Rs 84.7 billion, while consolidated total revenue from operations rose marginally by 0.4 per cent to Rs 1.195 trillion, missing market expectations. 

Next Story
Infrastructure Urban

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's  fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building  (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous  Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in  Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant  advancement in the company's commitment to engineered performance, manu..

Next Story
Infrastructure Urban

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Next Story
Infrastructure Urban

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App