Iveco Group Agrees Terms to Be Acquired by Tata Motors
01/08/2025 10:56 Share
Iveco Group Agrees Terms to Be Acquired by Tata Motors
The Iveco Group is to be acquired by Tata Motors after agreeing terms of a £3.3bn sale to the Indian conglomerate.
The Italian company – which specialises in heavy-goods vehicles but also features a range of light commercial vehicles – will retain its headquarters in Turin as the deal is dependent on a commitment to maintain the group’s employee and industrial base.
The deal is significant as it gives one of the world’s largest companies a bigger footprint in the European commercial vehicle industry, while expanding Iveco’s global presence too.
The agreement is expected to be completed in early 2026 and has been made possible by Iveco’s IDV defence business interests being sold to a third-party.
As a result of the deal, the Iveco Group – which also includes its bus company – will become a wholly owned subsidiary of Tata.
The agreement comes as Iveco seeks to expand its offerings in the light commercial vehicle sector beyond the long-serving Iveco Daily.
Designed with a ladder frame chassis and offered in GVWs as high as 7-tonnes, the Iveco Daily is well-known for being a heavy-duty van first and foremost.
As such, Iveco has recently announced two new models – the Iveco eJolly and Iveco eSuperJolly - that serve to reduce the company’s overall carbon footprint and offer a more convenient route into Iveco van ownership.
These models – which will be offered only in electric guise – are based on the same platform as Stellantis’ Medium and Large van offerings that are badged Citroen, FIAT, Peugeot, Toyota and Vauxhall already.
The Iveco eJolly and Iveco eSuperJolly are expected to be added to the firm’s UK ranges next year.
For Tata Motors, the Iveco Group will be its largest automotive acquisition since taking the reins of Jaguar Land Rover in 2008.
The Tata Group is one of the world’s largest conglomerates with interests in the automotive, steel, energy, aerospace, construction, retail, financial and the travel industry.
As of August 2024, the Tata Group was worth approximately $403bn.
Best Large Van Leasing Deals With Vansdirect
Buying or leasing a new large van with Vansdirect has never been easier or better value.
Get the right van at the right deal, right now with the best van leasing deals available across a wide range of models, including the Ford Transit, Mercedes-Benz Sprinter and the Iveco Daily
Speak to our expert team today and you could be driving a large van for less than you think, sooner than you thought.
Latest vans in stock
Renault Kangoo L2 Diesel LL21 Blue dCi 95 Extra Van
- 3 Seats
- Air Conditioning and Cruise Control
- Apple Car Play/Android Auto
- 360 Degree Parking Sensors
Business Contract Hire based on 9 upfront payments, 48 months contract and 5,000 miles/year. Business Users.
Citroen Berlingo M Diesel 1.5 BlueHDi 100ps Van Enterprise Plus
- Multimedia System with Touchscreen
- Air Conditioning
- Double Passenger Bench Seat
Business Contract Hire based on 9 upfront payments, 48 months contract and 5,000 miles/year. Business Users.
Citroen Dispatch Xl Diesel 2.0 BlueHDi 145ps Van Enterprise
- Rear Parking Sensors
- Air Conditioning
Business Contract Hire based on 9 upfront payments, 48 months contract and 5,000 miles/year. Business Users.
Renault Trafic Swb Diesel SL30 Blue dCi 130 Advance [Safety] Van
- Air Conditioning
- Load Through Bulkhead
- Multimedia System with Touchscreen
Business Contract Hire based on 9 upfront payments, 48 months contract and 5,000 miles/year. Business Users.
Volkswagen Transporter T30 Lwb Diesel 2.0 TDI 150 Commerce Plus Van
- Multimedia System with Touchscreen
- Reversing Camera
- Front + Rear Parking Sensors
Business Contract Hire based on 9 upfront payments, 48 months contract and 5,000 miles/year. Business Users.
Ford Transit 350 L3 Diesel Fwd 2.0 EcoBlue 130ps H2 Leader Van [DAP]
- Cruise Control
- Rear Parking Sensors
- Air Conditioning
Business Contract Hire based on 9 upfront payments, 48 months contract and 5,000 miles/year. Business Users.
Ford Ranger Diesel Pick Up Double Cab Raptor 2.0 EcoBlue 210 Auto
- Multimedia System with Touchscreen
- Alloy Wheels
- LED Lights
- Heated Seats
Business Contract Hire based on 9 upfront payments, 48 months contract and 5,000 miles/year. Business Users.
Ford Transit Custom 320 L1 Diesel Fwd 2.0 EcoBlue 136ps H1 Van Limited
- Air Conditioning
- Heated Seats
- Alloy Wheels
Business Contract Hire based on 9 upfront payments, 48 months contract and 5,000 miles/year. Business Users.
Nissan Interstar F35 L3 Diesel 2.0 dci 150ps H2 Tekna Van
- 5 Year Warranty
- Air Conditioning
- Reversing Camera
- Sat Nav
Business Contract Hire based on 9 upfront payments, 48 months contract and 5,000 miles/year. Business Users.
Renault Master Mwb Diesel Fwd MM35 Blue dCi 130 Advance Medium Roof Van
- Air Conditioning
- Multimedia System with Touchscreen
Business Contract Hire based on 9 upfront payments, 48 months contract and 5,000 miles/year. Business Users.
Nissan Primastar 30 L1 Diesel 2.0 dCi 130ps H1 Tekna Van
- 5 Year Warranty
- Multimedia System with Touchscreen
- Reversing Camera
- Air Conditioning
- Alloy Wheels
Business Contract Hire based on 9 upfront payments, 48 months contract and 5,000 miles/year. Business Users.
Renault Kangoo L2 E-Tech LL21 90kW 44kWh Advance [Safety] Van Auto
- Air Conditioning
- Apple Car Play/Android Auto
Business Contract Hire based on 9 upfront payments, 48 months contract and 5,000 miles/year. Business Users.
Renault Kangoo L1 Diesel ML19 Blue dCi 95 Advance [Safety] Van
- Air Conditioning
- Multimedia System with Touchscreen
Business Contract Hire based on 9 upfront payments, 48 months contract and 5,000 miles/year. Business Users.
Peugeot Partner Standard Diesel 1.5 BlueHDi 100 Professional Van
- Air Conditioning
- Rear Parking Sensors
Business Contract Hire based on 9 upfront payments, 48 months contract and 5,000 miles/year. Business Users.
Vauxhall Combo Cargo Combo Diesel 1.5 Turbo D 100ps Prime H1 Van
- Flex Cargo 3 Seats
- Multimedia System with Touchscreen
- Air Conditioning
- Rear Parking Sensors
Business Contract Hire based on 9 upfront payments, 48 months contract and 5,000 miles/year. Business Users.
Ford Transit Courier Diesel 1.5 EcoBlue Trend Van
- DAB Radio
- Heated Mirrors
Business Contract Hire based on 9 upfront payments, 48 months contract and 5,000 miles/year. Business Users.