Tata Motors and Italy-based Iveco Group have formally come together to establish a global commercial mobility enterprise, combining their complementary vehicle portfolios, technologies and international market presence to strengthen their position in the global commercial vehicle industry.
Ranked fourth globally among commercial vehicle manufacturers, the combined enterprise will have a presence in more than 130 countries, with annual sales volumes of approximately 590,000 units and combined revenues of around €21 billion (over Rs 2.28 lakh crore). The group will operate 27 manufacturing facilities, 25 research and development centres and over 9,300 sales and service centres, supported by a work force of more than 73,000 employees.
Announcing the development at a global press meet in Turin, Tata Sons Chairman N Chandra sekaran said the partnership would accelerate investments in sustainable mobility, advanced technologies and innovation. Tata Motors MD and CEO Girish Wagh said the combination would strengthen engineering, sourcing, distribution and customer networks while ensuring operational continuity. Iveco Group CEO Ol of Persson described the development as a defining moment for the company.
In Kolkata, the expanded enterprise could create opportunities through a wider commercial vehicle portfolio, improved technology access and stronger after-sales networks. The combined capabilities could also support demand across logistics, public transportation and infrastructure-related sectors in eastern India.
The companies will retain their distinct brands and industrial identities. Iveco Group will continue to be headquartered in Turin, while existing customer contracts, warranties, dealer relationships and supplier commitments will remain unchanged. The partnership will focus on developing cleaner mobility solutions, including electric, hydrogen and other low-emission technologies.