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Tata Motors completes acquisition of Iveco Group for $4.32 billion
Tata Motors completed the acquisition of Iveco Group for $4.32 billion, with N. Chandrasekaran appointed Chairperson and Olof Persson as
Key points
- Tata Motors completed the initial settlement of the Iveco Group tender offer on Friday evening.
- The acquisition is valued at approximately $4.32 billion and covers 89.42% of Iveco's shares.
- N. Chandrasekaran was appointed Chairperson and Olof Persson was appointed CEO of Iveco Group N.V.
Why it matters. This acquisition deepens Tata Group's presence in the global automotive market by integrating Iveco's capabilities into its existing portfolio alongside Jaguar Land Rover.
Tata Motors Ltd. completed the initial settlement of its voluntary tender offer for Iveco Group on Friday evening in Mumbai, led by Tata Group Chairman N. Chandrasekaran. The deal, valued at approximately $4.32 billion, resulted in Tata acquiring 238,157,212 common shares representing 89.42% of Iveco's capital. N. Chandrasekaran was appointed Chairperson and Senior Non-Executive Director of Iveco Group N.V., while Olof Persson serves as the new Chief Executive Officer.
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Tata Motors completes acquisition of Iveco Group for $4.32 billion
Tata Motors Ltd. confirmed that Iveco Group is now part of its fold after the initial settlement of the voluntary tender offer was successfully completed. The acquisition, spearheaded by Tata Group Chairman N. Chandrasekaran, is expected to deepen the group's footprint and enhance its stature in the global automotive market. This strategic move mirrors earlier major acquisitions by the Tata Group, including Tetley, Corus, and Jaguar Land Rover under the leadership of Ratan Tata. The integration is designed to leverage Iveco's capabilities to expand Tata Motors' reach internationally.
Tata Motors reports Q2 net of ₹1,257 crore, Iveco acquisition on track
Tata Motors reports Q2 net of ₹1,257 crore, Iveco acquisition on track MUMBAI Tata Motors Ltd, the commercial vehicles company of the Tata Group, for the second quarter ended September 30, 2026 reported consolidated net profit of ₹1,257 crore as compared with net loss of ₹867 crore in the year ago period. The turnaround was led by lower mark-to-market loss on investments in Tata Capital Ltd., the company said. Consolidated revenue grew 36% to ₹25,232 crore. The company said it was going ahead with Iveco acquisition as planned and had increased the offer price to €14.4, up €30 cents, to compensate shareholders due to the four month delay in getting regulatory approvals for the deal. “Following receipt of all regulatory approvals, the tender offer has commenced and will remain open for acceptance until 26 October 2026. At Iveco’s Extraordinary General Meeting held on 16 October 2026, shareholders approved all proposed resolutions,” it said adding it was hopeful of getting the threshold of 80% shareholers approval. “Subject to successful completion of the tender offer, the settlement is scheduled for 30 October 2026,” it stated. During the quarter the company reported 42% growth in wholesales. Domestic & export volumes were up 30% and 177% YoY respectively. Girish Wagh, MD & CEO, Tata Motors Ltd. said, “Q2 FY27 marked another strong quarter in our journey of consistent, profitable.