Tata Motors Plans To Bring Iveco Vehicles To India Through Local Assembly
What Happened
Tata Motors and Iveco Group have begun operating as a combined commercial-mobility enterprise following their transaction, creating a business present in more than 130 countries with combined annual revenue of about €21 billion. The companies say they plan to combine their engineering, sourcing, distribution and technology capabilities while retaining their individual brands and industrial identities. The combined group has 27 manufacturing sites, 25 R&D centres and more than 9,300 sales and service locations.
Key Takeaways
The Tata-Iveco combination gives Tata Motors a much larger global commercial-vehicle footprint, particularly across Europe and South America, while opening opportunities to bring capabilities and products from each company into new markets.
Sources
Tata Motors – Official Tata-Iveco Announcement, Business Standard