Tata Motors and Iveco Group come together to build for the future
Tata Motors Limited and Iveco Group N.V. have officially begun life together as a global commercial mobility enterprise. The new business ranks fourth in the world among commercial vehicle manufacturers. It has the scale and reach to compete across markets and technology cycles.
Tata Motors is India’s largest commercial vehicle manufacturer. Iveco Group is a leading international player in commercial vehicles, buses and powertrains. Together, they combine deep industrial heritage, strong brands and complementary product ranges. Their presence spans Europe, India, South America, Asia, the Middle East and Africa.
A Combined Workforce of More Than 73,000 People
Both companies announced the news at a global press meeting in Turin, Italy. The enterprise brings together more than 73,000 people. Their shared ambition centres on growth and green mobility. Engineering, technology and expertise will flow in both directions to unlock the full potential of the combination.
The two companies bring strengths in advanced powertrains, alternative energy, software, connected technologies and manufacturing. Together, these will speed up innovation and open new frontiers for growth. Customers should see cleaner, smarter mobility solutions arrive faster and at greater scale.
Investing for the Long Term
N Chandrasekaran chairs Tata Sons, Tata Motors and Iveco Group. He opened the announcement in Turin by describing the day as a fresh start for both businesses. He 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.”
Continuity for Customers
Girish Wagh, MD and CEO of Tata Motors, stressed that customers, dealers and partners will see continuity from day one. He 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.”
Building the Next Chapter
Olof Persson, Chief Executive Officer of Iveco Group, called the milestone fundamental for his company. He 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.”
