Tata Motors CV shares trade 2% lower; check what chairman said on Iveco acquisition

Shares of Tata Motors Ltd traded over 2% lower at ₹422.65 apiece on the NSE on Monday afternoon, amid a weak market.

Chairman N Chandrasekaran said on Monday that the commercial vehicle maker has secured the majority of regulatory approvals for the Iveco acquisition, and the transaction is expected to be completed by the second quarter of this fiscal.

Addressing shareholders at the company's second annual general meeting (AGM) in Mumbai, he said the deal is a significant strategic step in advancing Tata Motors' global ambition.

Iveco acquisition announcement: A quick recap

In July 2025, Tata Motors announced the acquisition of Italian commercial vehicle maker Iveco Group, excluding its defence business, for euro 3.8 billion.

"A transaction of this scale, spanning multiple geographies, requires a series of mandatory regulatory approvals," Chandrasekaran said at the AGM.

Tata Motors has secured the majority of these approvals and is progressing well on the remaining few, he said, adding that "We look forward to completing the transaction by Q2 FY27."

Chandrasekaran said the Iveco acquisition will help Tata Motors access advanced powertrain and next-generation technologies, strengthening its long-term innovation pipeline.

Besides, it would also complement and extend the established presence of Tata Motors' commercial vehicles' enhanced product capabilities across geographies.

The proposed acquisition would also enable the company to serve diverse markets with greater competitiveness and agility in line with evolving mobility needs, he said.

"Together, we will optimise, scale and grow to be ranked amongst the top four commercial vehicles entities, globally," Chandrasekaran said.

Other details to know

Stating that Tata Motors' progression is anchored in a deliberate strategy to diversify, de-risk, and drive profitable growth, he said, "Our approach has been that every business should define its strategy for the 'right to win' and execute with discipline."

Beyond its core vehicle segments, the company is now seeing good momentum across emerging and non-cyclical businesses to ensure resilience through market cycles and deliver more consistent performance, he said.

Tata Motors’ subsidiary, TML Smart City Mobility Solutions, scaled meaningfully with over 3,800 electric buses deployed across 10 cities, he said.

"Our international business too recorded a strong growth of 53.9%, driven by deeper market penetration and key order wins," Chandrasekaran said.

Price hike from July 1, 2026

Early in June, Tata Motors said it would hike prices of commercial vehicles by up to 2.5% across its range from July 1 to partially offset the impact of rising commodity prices and other input costs.

The price increase will vary depending on the model and variant, Tata Motors said in a statement.

The price increase is being undertaken to partially offset the impact of rising commodity prices and other input costs, it added.