Tata Motors and Iveco Group Complete Strategic Combination to Create €21 Billion Global Commercial Vehicle Enterprise

Tata Motors Limited and Iveco Group N.V. have officially integrated operations to form a global commercial mobility enterprise, establishing the world’s fourth-largest commercial vehicle manufacturer. Announced at a global press conference in Turin, Italy, the combined enterprise generates annual revenues of approximately €21 billion (over ₹2,28,000 crore). Operating across 130 countries in Europe, India, South America, Asia, the Middle East, and Africa, the entity brings together a combined workforce of over 73,000 employees, 27 manufacturing facilities, 25 research and development centers, and a network exceeding 9,300 sales and service centers worldwide.

Product Synergy, Operations, and Future Mobility:
The partnership merges the complementary product portfolios and geographic strengths of both brands spanning light, medium, and heavy commercial vehicles, buses, and advanced powertrains. Customers, dealers, suppliers, and business partners will experience seamless operational continuity without disruption to existing brand identities. The combined enterprise will leverage two-way technology transfer to accelerate innovations in alternative energy, zero-emission powertrains, software-defined vehicles, and connected fleet management systems to meet global decarbonization and smart transport demands.

Leadership Perspectives:
N. Chandrasekaran, Chairman, Tata Sons, Tata Motors and Iveco Group: “Today marks the beginning of an exciting new chapter for Tata Motors and Iveco Group. Two strong and successful organisations, united by shared values, a common commitment to sustainable mobility and an ambition to shape the future of commercial transportation, have come together to create a truly global commercial mobility enterprise. We will invest for the long term, enable ideas and capabilities to flow in both directions, and harness our combined scale, reach and talent to shape a future of mobility that is safer, smarter, more connected and more sustainable.”

Girish Wagh, MD & CEO, Tata Motors: “We are pleased to turn our strategic vision into an operational reality alongside our colleagues at Iveco Group. Together we have a compelling opportunity to create greater value for our customers and stakeholders. Our complementary portfolios, capabilities and geographic strengths provide a strong foundation for growth, while ensuring continuity from day one for customers, dealers and partners.”

Olof Persson, CEO, Iveco Group: “This is a defining moment for Iveco Group, and one we approach with confidence and great energy. We begin this new chapter proudly, with the brands, people, capabilities and industrial heritage that have shaped our company, alongside Tata Motors, a partner of great strength, with a deep understanding of the commercial vehicle business and a shared long-term perspective and commitment to sustainable transport.”