Iveco Group is a European manufacturer in the commercial vehicle and mobility sector. The deal is framed as combining Iveco's reach, product portfolio and industrial capabilities with Tata Motors to build a more globally competitive commercial-vehicles group.
Tata Motors is acquiring Iveco Group through a voluntary public takeover offer for all outstanding common shares, with Iveco's defense business carved out as a condition to closing. The proposed offer is valued at about EUR 3.8 billion.
The transaction is subject to regulatory approvals and is expected to conclude in the first half of 2026. It was described as a landmark acquisition for Iveco Group.