According to the Reuters news agency, Indian conglomerate Tata Motors has expressed interest in acquiring a controlling stake in the Iveco group. The information was confirmed by three sources familiar with the matter, two of whom named Tata Motors directly as a potential buyer, Reuters reports.
Iveco is currently controlled by Exor, the Agnelli family’s holding company. Reports suggest that the deal would cover the company’s civilian operations, excluding its defence division, IDV (Iveco Defence Vehicles), which remains outside the scope of the negotiations. Notably, Iveco is already in the process of separating its defence business from the rest of the company.
So far, neither Exor, Iveco nor Tata Motors has issued an official statement on the talks. Iveco’s market capitalisation—calculated by multiplying the number of shares by the current share price—is currently estimated at €4.2 billion.
A potential change of ownership at one of the oldest and most recognisable players in the European commercial vehicle sector would mark one of the most notable industry transactions in recent years. The move could also significantly strengthen Tata Motors’ position in Europe, as the company becomes increasingly active on the global stage.
