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Bigger than Jaguar Land Rover acquisition, Tata Motors to take over Italian auto giant Iveco

ByIndian Admin

Aug 1, 2025
Bigger than Jaguar Land Rover acquisition, Tata Motors to take over Italian auto giant Iveco

Tata Motors is closing in on a landmark $4.5 billion deal to acquire Italian truckmaker Iveco from the Agnelli family’s Exor. If finalised, the deal would mark the Tata Group’s second-biggest acquisition and would be significantly larger than its $2.3 billion buyout of Jaguar Land Rover.

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Tata Motors is set to acquire Italian truckmaker Iveco in a $4.5 billion deal from the Agnelli family’s holding company, Exor, The Economic Times reported.

If sealed, it would mark the second-largest acquisition in Tata Group’s history, behind only its $12.9 billion takeover of Corus in 2007, and the most significant yet for its automotive division. The Indian carmaker had earlier acquired Jaguar Land Rover (JLR) in 2008 for $2.3 billion.

The boards of Tata Motors and Turin-based Iveco are expected to meet Wednesday to approve the transaction, with a formal announcement anticipated the same day.

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Defence, core businesses under separate talks

Iveco on Tuesday confirmed that it is in “advanced discussions” with multiple parties over two separate deals, one involving its defence business and the other covering its core operations. The company had earlier stated plans to spin off or divest its defence arm by the end of 2025, and has received interest from potential buyers.

Besides trucks, Iveco manufactures buses and engines, and is currently valued at about $4.9 billion. Exor, the investment firm of the Agnelli family, holds a 27

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