Tata Motors secures majority control of Iveco with 89.42% stake

Tata Motors has successfully consolidated its position as majority shareholder of Iveco Group, the Italian heavy commercial vehicle manufacturer, with a stake of 89.42 percent following the completion of its takeover process. The acquisition represents a significant expansion of the Indian conglomerate's global automotive footprint, particularly in the commercial vehicles segment. Tata Sons Chairman N Chandrasekaran has been appointed as chairperson of Iveco following the takeover, signalling the company's commitment to steering the European manufacturer's strategic direction. The move comes as part of Tata Motors' long-term strategy to strengthen its presence in international markets and diversify its commercial vehicle operations beyond India. A fresh tender offer window for remaining minority shareholders in Iveco is scheduled to open on November 2, providing an opportunity for non-controlling investors to exit their positions. The continuation of the buyout process aims to further consolidate Tata's ownership and streamline decision-making at the Italian automaker. Industry analysts view the acquisition as a landmark transaction that positions Tata Motors among the leading global commercial vehicle manufacturers, enhancing its competitive capabilities in Europe and beyond.