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Tata Motors to acquire Iveco
Jul-31-2025

Tata Motors is all set to acquire Iveco Group N.V. (Iveco), a European leader in commercial vehicles and mobility. The company and Iveco have reached to an agreement to create a commercial vehicles group with the reach, product portfolio and industrial capability to be a global champion in this dynamic sector.

The envisaged recommended voluntary tender offer (the Offer) will be made by TML CV Holdings PTE or a new limited liability company to be incorporated under Dutch law, which will be wholly owned, directly or indirectly, by the company. The completion of the offer is conditional, inter alia, on the separation of Iveco's defence business and, as such, the public offer is for all issued common shares of Iveco after the separation of that business, at a price of 14.1 euro (cum dividend, excluding any dividend distributed in relation to the sale of the defence business) per share in cash (the Offer Price). The Offer represents a total consideration of around 3.8 billion euro for Iveco, excluding Iveco's defence business and the net proceeds from the defence business separation. 

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

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