News India Live, Digital Desk: Tata Motors Makes Historic Global Deal: The Indian automobile sector veteran Tata Motors, under a large global deal, is set to acquire the Italian truck manufacturer Iveco IVECO to acquire $ 4.5 billion at around 3.9 billion euros. The deal will prove to be the second largest acquisition in the Tata Group and the biggest ever in the automobile segment, which will also overtake the acquisition of Jaguar Land Rover JLR in 2008.

According to sources, Tata Motors Agnelli will buy 27.1% stake in the Againeli family’s investment company EVCO, which has 43.1% of the voting rights. After this, a tender offer will be launched for the remaining shares. The deal will not include the defense business of iWeco. IWCO has confirmed that it is in advanced discussion with different aspects about different possible deals for its defense business and commercial vehicle businesses.

According to reports from Bloomberg and Economic Times, the deal is expected to be formally announced on Wednesday, which may match the IWCO Group’s Q2 2025 financial results. After this news, the shares of IWCO saw a boom in the Milan Stock Exchange. This acquisition is an important opportunity for Tata Motors to expand its truck business in major markets like Europe, North America and Latin America. Analysts believe that the deal will strengthen the status of Tata Motors in the global commercial vehicle market and provide the company access to high-level technology and European markets.