Tata Motors has announced the acquisition of Italian commercial vehicle manufacturer Iveco for €3.8 billion, marking its biggest overseas deal since acquiring Corus in 2007.

The strategic move strengthens Tata’s presence in global automotive markets and aims to expand its commercial vehicle portfolio.

Key Points:

• Tata Motors has acquired Iveco, a prominent European commercial vehicle company, for €3.8 billion.
• This is Tata Motors’ largest international acquisition since the Corus deal in 2007.
• The acquisition includes Iveco’s product lineup, manufacturing facilities, and global distribution network.
• The deal is expected to enhance Tata’s R&D capabilities and provide access to new markets in Europe and Latin America.
• Tata plans to retain Iveco’s brand identity while integrating operations to boost efficiency and innovation.