Tata Motors-Iveco combination to form world’s 4th largest CV group with Rs 2.28 lakh cr in revenue

Tata Motors has acquired an 89.42% stake in Italy’s Iveco for nearly 3.43 billion euros, creating a commercial vehicle business with projected annual revenue of Rs 2.28 lakh crore. The combined enterprise is expected to become the world’s fourth-largest commercial vehicle maker, with plans to…

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