# Tata Motors completes acquisition of Iveco for €3.91 billion

Tata Motors, through its Dutch subsidiary TML CV Holdings, completed the acquisition of approximately 89.42% of Iveco's share capital, making Iveco officially part of Tata Motors. The total transaction value is approximately €3.91 billion.

- Type: Acquisition
- Announced: 2026-10-30
- Where: Turin, Italy, Italy
- Value: $4.25B (3.91B EUR)
- Jobs: 73,000
- Status: completed
- Capacity: 590,000 vehicles per year
- Products: commercial vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Tata Motors Limited](https://endata.com/companies/15362.md)
- [FPT Industrial](https://endata.com/companies/1111.md) (target)
- [Tata Motors Limited](https://endata.com/companies/15362.md) (acquirer)
- [Iveco Group N.V.](https://endata.com/companies/15363.md) (partner)
- [Iveco Group N.V.](https://endata.com/companies/15363.md) (target)

## Sources

- [electrive.com](https://www.electrive.com/2026/11/03/commercial-vehicle-manufacturer-iveco-now-officially-part-of-tata-motors/), 2026-11-03: "This means the Italian commercial vehicle manufacturer officially belongs to Tata Motors."
- [tata.com](https://www.tata.com/newsroom/business/tata-motors-iveco-acquisition), 2026-11-03: "Today marks the beginning of an exciting new chapter for Tata Motors and Iveco Group."
- [fortuneindia.com](https://www.fortuneindia.com/auto/tata-motors-iveco-combination-to-form-worlds-4th-largest-cv-group-with-228-lakh-crore-in-revenue/168487), 2026-11-03: "The Indian auto major acquired an 89.42% stake in Iveco for nearly 3.43 billion euros post the initial settlement of its cash tender offer."
- [indianexpress.com](https://indianexpress.com/article/business/tata-motors-iveco-combined-global-operations-cv-business-10949250/), 2026-11-03: "Tata Motors has acquired an 89.42% stake in Iveco Group for approximately euro 3.43 billion (around Rs 36,000 crore)."
- [m.economictimes.com](https://m.economictimes.com/industry/auto/lcv-hcv/tata-motors-iveco-will-focus-on-building-a-global-cv-business-n-chandrasekaran/amp_articleshow/135511563.cms), 2026-11-03: "This should not be seen as a consolidation effort. This is about the future."
- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/auto/lcv-hcv/tata-motors-iveco-will-focus-on-building-a-global-cv-business-n-chandrasekaran/articleshow/135511563.cms), 2026-11-03: "This should not be seen as a consolidation effort. This is about the future."
- [autoevindia.com](https://autoevindia.com/ev-news/tata-motors-iveco-merger-creates-worlds-fourth-largest-cv-manufacturer/), 2026-11-04: "Tata Motors and Iveco Group have formally combined their operations to establish a global commercial mobility enterprise bringing together their vehicle portfolio, technology capabilities and geographical presence in over 130 countries."
- [powertraininternationalweb.com](https://www.powertraininternationalweb.com/highlights/iveco-group-tata-fpt/), 2026-11-04: "The goal is to take the best of both worlds."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.