Iveco stock joins Tata's EUR 21bn commercial vehicle group

Published on 11/03/2026 at 18:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tata Motors now controls Iveco after taking an 89.42% stake. Iveco stock faces a reopened offer window through November 6.

What changes for Iveco investors

Tata Motors now controls Iveco after the initial settlement of its tender offer.
The combined enterprise is targeting global scale in commercial vehicles and powertrains.
The reopened tender window gives remaining shareholders until November 6 to accept the EUR 14.40 offer.
Olof Persson remains chief executive while Tata Sons Chairman N. Chandrasekaran becomes chairperson.

Iveco, NL0015000LU4, Illustration mit AI erstellt.

Tata Motors and Iveco are positioning their combined business as the world's fourth-largest commercial-vehicle group, with revenue of EUR 21 billion. Business Standard reported the figures on Tuesday, November 3, after Tata Motors completed the initial settlement of its tender offer.

Scale becomes the new investment theme

Tata Motors acquired an 89.42% stake in Iveco for nearly EUR 3.43 billion at EUR 14.40 per share. Iveco employs 33,000 people and operates 16 industrial sites and 22 research and development centres, giving the combined group a broad industrial footprint.

Tata Sons Chairman N. Chandrasekaran said the group expects volumes, revenue and margins to increase over the next five years. The comments offer an initial strategic outlook, although they do not set specific financial targets or a timetable for achieving them.

Offer window remains open

The tender offer reopened on Monday, November 2, and remains available through Friday, November 6. Shares tendered during this period are scheduled to settle on November 13. Tata Motors has not given a timetable for Iveco's delisting from the Italian stock exchanges.

N. Chandrasekaran has become chairperson and senior non-executive director of Iveco. Olof Persson remains chief executive, while Tata Motors executives P. B. Balaji and Girish Wagh have joined the board as non-independent non-executive directors.