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The Economic Times

Economy / The Economic Times

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Tata Motors takes 89.42% stake in Iveco, gains control of Italian CV maker

Tata Motors has completed the acquisition of a controlling stake in Iveco Group, which now becomes an indirect subsidiary. The transaction involved purchasing shares for 14.4 each, resulting in a total of 238 million shares. This acquisition is expected to enhance Tata Motors' global presence and create a more diversified entity. Tata Sons chairman N. Chandrasekaran has been appointed as the chairperson of the Iveco board.

30 Oct 2026 10:34 pm