Last Updated on November 5, 2026 12:06 pm by INDIAN AWAAZ
TURIN / MUMBAI — Tata Motors Limited and Iveco Group N.V. have officially launched a global commercial mobility enterprise, establishing the world’s fourth-largest commercial vehicle manufacturer.
The combined entity creates an industrial footprint generating over €21 billion (₹2,28,000+ crore) in revenue and total sales volumes of approximately 590,000 units.
The strategic alliance unites Tata Motors, India’s largest commercial vehicle manufacturer, with Turin-headquartered Iveco Group, a global player in commercial vehicles, buses, and powertrains. The combined presence spans over 130 countries across Europe, India, South America, Asia, the Middle East, and Africa, supported by 27 manufacturing plants, 25 R&D centres, and 9,300 sales and service touchpoints.
Announcing the launch at a global press meet in Turin, N. Chandrasekaran, Chairman of Tata Sons, Tata Motors, and Iveco Group, described the move as a defining step for sustainable transport.
“Two strong and successful organisations, united by shared values and a common commitment to sustainable mobility, 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,” Chandrasekaran stated.
Under the partnership, Iveco Group will maintain its headquarters in Turin, Italy, preserving its existing operational footprint, brand identities, and strategy. Tata Motors will support Iveco’s current investment plans while collaborating on engineering, sourcing, software, and powertrain technologies.
The portfolio integration leverages complementary geographical and product strengths. Tata Motors commands a strong presence in emerging markets with vehicles ranging from sub-1-tonne cargo vehicles to 55-tonne trucks and mass-transit solutions. Iveco Group holds established market positions in Europe and Latin America across light, medium, and heavy commercial vehicles, alongside its FPT powertrain unit.
Girish Wagh, MD & CEO of Tata Motors, highlighted the operational synergies: “Our complementary portfolios, capabilities, and geographic strengths provide a strong foundation for growth, while ensuring continuity from day one for customers, dealers, and partners.”
Olof Persson, CEO of Iveco Group, called the partnership a milestone that unlocks new global possibilities.
The combined workforce of 73,000 employees will drive joint developments in alternative energy, zero-emission technologies, hydrogen, battery-electric systems, and connected vehicle software. Existing customer contracts, dealer networks, warranties, and financing agreements across both companies will remain unchanged.
Highlights
- Global Enterprise: Complementary portfolios and geographic strengths create a truly global enterprise, with presence in over 130 countries across key developed and high-growth markets in Europe, India, South America, Asia, the Middle East and Africa, and combined revenues of ~€21 billion (INR 2,28,000 Cr.+)
- Worldwide Footprint: 27 manufacturing sites and 25 R&D centres, supported by a network of over 9,300 sales and service centres
- Customer First: Combining global capabilities with deep local understanding to deliver greater value and excellence for customers
- Talent Power: 73,000+ employees across six continents, creating a formidable global talent and technology base to define the future of commercial mobility
- Proudly Distinct: Preserving the strength of our brands, identities and industrial foundations, while exploring newer opportunities for growth
- Seamless Continuity: Customers, dealers, suppliers and partners experience seamless continuity from day one
- Possibilities Multiplied: New opportunities to unlock technology, market access and scale, with capabilities flowing both ways