Tata Motors Limited and Iveco Group N.V. have joined forces to establish the world's fourth-largest commercial vehicle manufacturing enterprise, combining their global operations, engineering expertise and product portfolios to accelerate innovation and sustainable mobility. Announced at a global press conference in Turin, Italy, on 3 November 2026, the combination brings together two established automotive manufacturers with complementary strengths across Europe, India, South America, Asia, the Middle East and Africa.

The newly formed enterprise operates in more than 130 countries, with combined annual sales volumes of approximately 590,000 vehicles and revenues of around €21 billion (over Rs 2.28 trillion). Its global infrastructure comprises 27 manufacturing facilities, 25 research and development centres and approximately 9,300 sales and service centres.

N Chandrasekaran, Chairman, Tata Sons, Tata Motors and Iveco Group, said: “Today marks the beginning of an exciting new chapter for Tata Motors and Iveco Group. Two strong and successful organisations, united by shared values, a common commitment to sustainable mobility and an ambition to shape the future of commercial transportation, have come together to create a truly global commercial mobility enterprise. We will invest for the long term, enable ideas and capabilities to flow in both directions, and harness our combined scale, reach and talent to shape a future of mobility that is safer, smarter, more connected and more sustainable. I take this opportunity to express my appreciation to the Italian Government, the regulatory authorities across jurisdictions, our employees, shareholders and all the stakeholders whose trust, cooperation and support have helped us reach this important milestone. I also warmly welcome our colleagues from Iveco Group into the Tata family and look forward to all that we can achieve together.”

The integration brings together Tata Motors' established presence in India and emerging markets with Iveco Group's strong position in Europe and Latin America. The companies aim to leverage their combined capabilities in engineering, manufacturing, procurement, distribution and advanced technologies to improve competitiveness and expand their global footprint.

Tata Motors' commercial vehicle portfolio includes cargo vehicles ranging from under one tonne to 55 tonnes and passenger mobility solutions accommodating 10 to 51 passengers. Iveco Group contributes expertise in light, medium and heavy commercial vehicles, alongside city and intercity buses.

FPT, Iveco Group's powertrain business, further strengthens the enterprise with technologies serving on-road, off-road, marine and power-generation applications.

Girish Wagh, Managing Director and CEO, Tata Motors, said: “We are pleased to turn our strategic vision into an operational reality alongside our colleagues at Iveco Group. Together we have a compelling opportunity to create greater value for our customers and stakeholders. Our complementary portfolios, capabilities and geographic strengths provide a strong foundation for growth, while ensuring continuity from day one for customers, dealers and partners. Our ambition is to build a stronger enterprise by combining our strengths in engineering, new age technologies, sourcing, distribution and customer networks. We will accelerate innovation, broaden our reach and bring advanced solutions to customers faster and more competitively.”

Decarbonisation and technological innovation form key priorities for the combined enterprise. Its powertrain portfolio spans conventional internal combustion engines, natural gas, battery-electric systems, hydrogen technologies and emerging low- and zero-emission solutions.

By combining expertise in alternative fuels, connected vehicle technologies, software and advanced manufacturing, the companies intend to accelerate the development and commercialisation of cleaner and more efficient transport solutions.

The diversified technology portfolio will also allow the enterprise to address varying regulatory requirements, infrastructure readiness and customer preferences across international markets.

Olof Persson, Chief Executive Officer, Iveco Group, said: “This is a defining moment for Iveco Group, and one we approach with confidence and great energy. We begin this new chapter proudly, with the brands, people, capabilities and industrial heritage that have shaped our company, alongside Tata Motors, a partner of great strength, with a deep understanding of the commercial vehicle business and a shared long-term perspective and commitment to sustainable transport. I want to thank our employees, customers, dealers, suppliers and partners for their trust and support. We now have the opportunity to build on everything Iveco Group has achieved, unlock new possibilities with Tata Motors and create an even stronger future.”

Despite the combination, Iveco Group will retain its headquarters in Turin, Italy, while its brands, workforce and industrial operations will maintain their distinct identities.

Tata Motors will continue supporting Iveco Group's existing business strategy and investment plans, with both organisations collaborating to identify opportunities for technological advancement, operational efficiency and market expansion.

The enterprise brings together more than 73,000 employees worldwide, creating opportunities for cross-border collaboration, knowledge sharing and professional development.

The companies also emphasised that existing customer contracts, dealer and supplier arrangements, warranties, aftermarket services and captive financing solutions will remain unchanged, ensuring operational continuity.

Beyond strengthening their respective commercial vehicle businesses, Tata Motors and Iveco Group expect the combination to create opportunities for suppliers, dealers, distributors and other ecosystem partners to enter new markets and expand their business relationships.

The wider geographic footprint and integrated capabilities are expected to support faster product development, improved access to emerging technologies and greater customer choice.

With established operations across India, Europe and Latin America, the combined enterprise aims to strengthen its position in the global commercial vehicle industry while responding to rising demand for connected, efficient and environmentally sustainable transport solutions.

Its immediate focus will remain on business continuity, followed by long-term investments in innovation, market expansion and next-generation mobility technologies.