+
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. 

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Hexalog Appoints Vishal Shukla as Chief Transformation Officer

Hexalog, a cross-border supply chain and logistics company, has appointed Vishal Shukla as Chief Transformation Officer (CTO) to lead its operational transformation, technology adoption and expansion into new international markets.In his new role, Shukla will oversee the company's transformation strategy across operations, technology, product development and business expansion. His responsibilities include standardising processes, developing scalable operating models, strengthening existing trade corridors and introducing new fulfilment solutions for cross-border businesses.Shukla brings nearl..

Next Story
Real Estate

Dhuleva Group Awards 80-Storey Tower Contract to Eversendai

Dhuleva Group has awarded the core and shell structural construction contract for Dhuleva One50, an upcoming 80-storey ultra-luxury residential tower in South Mumbai, to Malaysia-based engineering and construction company Eversendai.Located near the Babulnath district, the development is planned as a high-rise residential landmark offering panoramic views of the Arabian Sea and Mumbai's skyline. The project will combine contemporary architecture with advanced engineering and premium residential facilities.Eversendai will undertake the structural construction works, drawing on its experience in..

Next Story
Building Material

Nuvoco Marks 10 Years, Targets 35 MMTPA Capacity by FY28

Nuvoco Vistas Corporation Limited is celebrating a decade of operations under the theme ‘Dus Saal Bemisaal’, highlighting its expansion in India's building materials sector. The company has grown from a single cement manufacturing facility into a diversified organisation operating across cement, ready-mix concrete (RMC) and modern building materials.The company's journey began in 2014 when its parent, Nirma Group, commissioned a 2 million metric tonnes per annum (MMTPA) greenfield cement plant at Nimbol, Rajasthan. A major milestone followed in October 2016 with the acquisition of Lafarge ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code