Tata Motors May Acquire Iveco in Rs 375 Billion Deal

31 Jul 2025 CW Team

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.

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