Tata Motors expects Iveco deal to be completed by Q2 FY27; what investors should know

Tata Motors' commercial vehicle arm on Wednesday, May 13, said that the deal with Iveco is expected to be completed by the second quarter of the current financial year (Q2 FY27).

The company further said that the approvals for the proposed acquisition are underway, with most of the approvals already received. “Last pending approvals are being actively pursued for the earliest closure,” the auto major said in a statement.

The Mumbai-based firm on July 30, 2025, had said it would acquire Italian commercial vehicle maker Iveco Group, excluding its defence business, for Euro 3.8 billion (nearly ₹38,240 crore) in a deal that is set to be the Indian automaker's biggest buyout.

The executive committee of the company's board had approved the acquisition of 100% of the common shares of Iveco Group NV through an all-cash voluntary tender offer (excluding the defence business), subject to all regulatory, statutory, and other necessary approvals.

Tata Motors and Iveco Group have said they have "reached an agreement to create a commercial vehicles group with the reach, product portfolio, and industrial capability to be a global champion in this dynamic sector".

The transaction seeks to acquire 271,215,400 common shares through a voluntary tender offer, which is subject to a minimum acceptance level of 80% of the shares tendered. A cash consideration of Euro 14.1 per tendered share is proposed for Iveco Group N.V. (excluding the defence business), the company had said.

About Iveco Group

Iveco Group N.V. is a Dutch public limited company incorporated on June 16, 2021, and headquartered in Turin, Italy. The group designs, manufactures, and sells trucks, commercial and defence vehicles, buses, and powertrains; it also provides financial services to its dealers and customers.

The transaction intends to acquire the non-defence business comprising trucks, buses, powertrains, and financial services.

Tata Motors' acquisition of Iveco Group is the second biggest acquisition of the Tata Group after the $12 billion takeover of Anglo-Dutch giant Corus Group Plc in 2007. In the automotive space, the company's largest acquisition to date is its buyout of British brand Jaguar Land Rover for $2.3 billion in 2008.

Tata Motors Q4 FY26 earnings

Tata Motors posted a 70% growth in its standalone net profit for the fourth quarter of the financial year 2025-26 (Q4 FY26) to ₹2,406 crore on Wednesday as compared to ₹1,419 crore recorded in the year-ago period.

The company's revenue from operations jumped 22% on a year-on-year (YoY) basis to ₹24,452 crore in the January to March quarter, as against ₹19,999 crore seen in Q4 FY25.

The auto major’s operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), surged 36% to ₹3,307 crore as against ₹2,438 crore in the corresponding period last year. Its EBITDA margin expanded to 13.52% annually in contrast to 12.19% in the year-ago period.