Tata Motors plans to raise close to €1 billion through equity via either a rights issue or qualified institutional placement (QIP) and monetise its stake in Tata Capital to help repay a €3.8 billion bridge loan it will use to acquire Italy’s Iveco Group, Group CFO PB Balaji said. The funding strategy is expected to… Continue reading Tata Motors to Raise €1 Billion, Monetise Tata Capital Stake to Fund Iveco Acquisition
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Italy’s Government Endorses Tata Motors’ Iveco Bid
Hours after Mumbai-based Tata Motors Commercial Vehicle and Iveco Group announced a definitive agreement to combine their commercial vehicle (CV) businesses in a landmark €3.8 billion all-cash deal, Palazzo Chigi (the official residence of the Prime Minister of Italy) and the entire Council of Ministers have pledged their support for the deal. The acquisition will be… Continue reading Italy’s Government Endorses Tata Motors’ Iveco Bid
Tata Steel Q1 net profit more than doubles to ₹2,007 crore
Revenues from Tata Steel’s UK operations declined to ₹6,096 crore from ₹6,810 crore in the same quarter last year. Tata Steel reported a consolidated net profit of ₹2,007.3 crore for the quarter ended June 2025, more than double the ₹1,014.6 crore reported in the same period last year. The increase was driven by reduced losses… Continue reading Tata Steel Q1 net profit more than doubles to ₹2,007 crore
Steel price surge could strain costs, warns Mahindra
Rajesh Jejurikar, Executive Director & CEO- Auto and Farm Sector, Mahindra & Mahindra New Delhi: Mahindra & Mahindra (M&M) has flagged rising commodity costs, particularly steel, which it says has seen a 6 per cent price increase over the last quarter. “We are concerned about steel going up,” said Rajesh Jejurikar, Executive Director & CEO-… Continue reading Steel price surge could strain costs, warns Mahindra
What is Iveco, the Company Tata Motors Just Acquired
In a landmark acquisition that promises to reshape India’s commercial vehicle landscape, Tata Motors has acquired Iveco Group, bringing one of Europe’s most established truck and bus manufacturers under Indian ownership. For many Indian readers unfamiliar with this global player, here’s everything you need to know about Tata Motors’ newest addition. From European Roots to… Continue reading What is Iveco, the Company Tata Motors Just Acquired
What is Iveco, the Company Tata Motors Just Acquired
In a landmark acquisition that promises to reshape India’s commercial vehicle landscape, Tata Motors has acquired Iveco Group, bringing one of Europe’s most established truck and bus manufacturers under Indian ownership. For many Indian readers unfamiliar with this global player, here’s everything you need to know about Tata Motors’ newest addition. From European Roots to… Continue reading What is Iveco, the Company Tata Motors Just Acquired
BREAKING: Tata Motors to Acquire Iveco Group in €3.8 Billion Deal, Creating Global CV Powerhouse
Tata Motors and Iveco Group have announced a definitive agreement to combine their commercial vehicle (CV) businesses in a landmark €3.8 billion all-cash deal. The acquisition will be executed through a voluntary tender offer for all common shares of Iveco Group (post-separation of its defence business), marking a strategic move to create a global leader… Continue reading BREAKING: Tata Motors to Acquire Iveco Group in €3.8 Billion Deal, Creating Global CV Powerhouse
BREAKING: Tata Motors to Acquire Iveco Group in €3.8 Billion Deal, Creating Global CV Powerhouse
Tata Motors and Iveco Group have announced a definitive agreement to combine their commercial vehicle (CV) businesses in a landmark €3.8 billion all-cash deal. The acquisition will be executed through a voluntary tender offer for all common shares of Iveco Group (post-separation of its defence business), marking a strategic move to create a global leader… Continue reading BREAKING: Tata Motors to Acquire Iveco Group in €3.8 Billion Deal, Creating Global CV Powerhouse
Mahindra Secures 54.2% LCV Market Share, Overtakes Tata in Q1 FY26
In a significant shift in India’s commercial vehicle market dynamics, Mahindra & Mahindra has emerged as the undisputed leader in the light commercial vehicle segment (below 3.5 tonnes), commanding a dominant 54.2% market share in Q1 FY26, up 340 basis points year-on-year. This achievement represents a strategic coup in a segment long dominated by Tata… Continue reading Mahindra Secures 54.2% LCV Market Share, Overtakes Tata in Q1 FY26
Qualcomm Showcases Automotive Technology Advancements in India at Snapdragon Auto Day
Qualcomm Technologies, Inc. hosted its inaugural Snapdragon for India: Auto Day event in New Delhi, highlighting its growing role in India’s automotive technology ecosystem. The event, attended by Shri Nitin Gadkari, Union Minister of Road Transport and Highways, emphasized the government’s support for technological innovation in transportation. The gathering brought together key stakeholders from India’s… Continue reading Qualcomm Showcases Automotive Technology Advancements in India at Snapdragon Auto Day