Tata Motors & Iveco join forces to become world's fourth-largest commercial vehicle group
- Tata Motors and Italy's Iveco Group announced their partnership in Turin.
- Tata Motors acquired an 89.42% stake in Iveco for approximately €3.4 billion.
- • The combined business will operate in 130 countries, with annual revenue exceeding ₹2.28 lakh crore.
- The companies aim to develop advanced trucks, buses and cleaner transport technologies.
Source: x.com
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