Tata Motors takes control of Iveco with 89.42% stake

Tata Motors has completed the initial settlement of its tender offer for Iveco Group, acquiring a controlling 89.42% stake and making the Italian commercial vehicle maker an indirect subsidiary. Its arm TML CV Holdings now holds over 238 million Iveco shares, bought in an all-cash offer at €14.4 each. Iveco employs 33,000 people and reported 2025 revenue of €13.43 billion.