Tata Motors To Acquire Iveco Group In $4.4 Billion Deal

Dubai (PlantAndEquipment.com) - India’s Tata Motors has announced a $4.4 billion acquisition of Italy’s Iveco Group, a move set to establish a stronger global presence in the commercial vehicle market.

The deal, expected to close in early 2026, excludes Iveco’s military vehicle business, which will be sold to Leonardo for $1.9 billion.

The merger is projected to generate $25 billion in annual revenue, with vehicle sales reaching approximately 540,000 units per year. Revenue distribution is anticipated to be 50% from Europe, 35% from India, and 15% from the Americas.

Tata’s acquisition marks a significant step in expanding its European operations, adding to its portfolio of international brands. The combined group aims to ramp up efforts in zero-emission vehicle technologies and expand its reach in key markets worldwide including in the Gulf and the wider Middle East.