Tata Motors and Iveco Unite to Create €21 Billion Mobility Giant

Tata Motors and Iveco Group combine to create a €21 billion commercial mobility enterprise with operations in over 130 countries and capabilities across multiple vehicle and powertrain technologies.

Tata Motors and Iveco Group have come together to establish a global commercial mobility enterprise with combined revenues of approximately €21 billion (over ₹2.28 lakh crore). The combination brings together the companies' complementary commercial vehicle portfolios, manufacturing capabilities and international market presence, positioning the new enterprise to expand its reach across developed and emerging economies.

The development was announced at a global press meeting in Turin, Italy. The combined business will have a presence in more than 130 countries, with annual sales volumes of approximately 590,000 vehicles. Its operations will be supported by 27 manufacturing facilities, 25 research and development centres and a network of more than 9,300 sales and service centres.

Also Read: Unlocking Manufacturing Growth with Innovation

The enterprise will bring together over 73,000 employees across six continents. Its geographical footprint spans Europe, India, South America, Asia, the Middle East and Africa, creating opportunities to leverage the companies' respective strengths in engineering, manufacturing, sourcing and distribution.

Tata Motors contributes a broad commercial vehicle portfolio, ranging from sub-one-tonne to 55-tonne cargo vehicles and passenger mobility solutions accommodating 10 to 51 people. Its established presence in India and other high-growth markets across Asia and the Middle East complements Iveco Group's capabilities in light, medium and heavy commercial vehicles, as well as city and intercity buses. Iveco's powertrain business, FPT, adds expertise across on-road, off-road, marine and power-generation applications.

The combined organisation will also draw on capabilities in conventional powertrains, natural gas, battery-electric technology, hydrogen and other low- and zero-emission solutions. These technologies are expected to support innovation and accelerate the development of cleaner, connected and more efficient commercial transportation systems.

N. Chandrasekaran, Chairman of Tata Sons, Tata Motors and Iveco Group, said the combination creates a global commercial mobility enterprise with the scale, reach and capabilities to compete across markets and technology cycles. He highlighted the importance of long-term investment and the exchange of engineering expertise and technology between the organisations.

Girish Wagh, Managing Director and CEO of Tata Motors, said the partnership would help accelerate innovation, broaden market access and deliver advanced mobility solutions to customers. Iveco Group CEO Olof Persson described the development as an important milestone, emphasising the companies' shared commitment to sustainable transportation.

Also Read: Smart Buildings and IAQ Trends Shaping the Workplaces of Tomorrow

Iveco Group will retain its headquarters in Turin, Italy, along with its brands, teams and industrial identity. The companies have also stated that existing customer contracts, dealer and supplier relationships, warranties and aftermarket commitments will continue without disruption.

The combination aims to strengthen global competitiveness while creating opportunities for customers, employees and ecosystem partners through expanded technology capabilities and international market access.