Announcement • Jan 30
Tata Motors Passenger Vehicles Limited to Report Q3, 2026 Results on Feb 14, 2026 Tata Motors Passenger Vehicles Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 14, 2026 Announcement • Oct 02
Tata Motors Limited completed the Spin-Off of TML Commercial Vehicles Limited. Tata Motors Limited agreed to Spin-Off Commercial Vehicles business and related investments on March 4, 2024. The Board of Directors of Tata Motors Limited (TML), at its meeting, has approved the proposal of demerger of Tata Motors Ltd into two separate listed companies housing A) the Commercial Vehicles business and its related investments in one entity and B) the Passenger Vehicles businesses including PV, EV, JLR and its related investments in another entity. The demerger will be implemented through an NCLT scheme of arrangement and all shareholders of TML shall continue to have the identical shareholding in both the listed entities. As of August 1, 2024, under the terms, each shareholder of Tata Motors will receive one share of SpinCo for each share they held in the company.
The NCLT scheme of arrangement for the demerger shall be placed before the TML Board of Directors for approval in the coming months and will be subject to all necessary shareholder, creditor and regulatory approvals which could take a further 12-15 months to complete. As of June 4, 2024, Tata Motors has proposed the name of demerged business as "TML Commercial Vehicles Limited" or such other name as may be approved by the Ministry of Corporate Affairs. As of August 1, 2024, Board of Directors of Tata Motors Limited approved the demerger scheme. National Company Law Tribunal has directed, inter alia that a meeting of the equity shareholders of Tata Motors Limited be convened and held on May 6, 2025. As of May 6, 2025 Tata Motors Limited shareholders have overwhelmingly approved the company's proposal to demerge its operations into two separately listed companies. As of August 8, 2025 Effective Date for the demerger will be October 1, 2025. As of August 25, 2025, Hon’ble National Company Law Tribunal, Mumbai Bench sanctioned the scheme.
SBI Capital Markets Limited Investment Banking Arm given Fairness opinion to Tata Motors.
Tata Motors Limited completed the Spin-Off of TML Commercial Vehicles Limited on October 1, 2025. The Record Date is set for October 14, 2025. Further, TMPV stands amalgamated with the Company and ceases to exist w.e.f., October 1, 2025. The shares of TMLCV will be listed with BSE Limited and the National Stock Exchange of India Limited, subject to necessary regulatory approvals. Announcement • Sep 24
Tata Motors Appoints Ravneet Singh as Head of Corporate HR Tata Motors has named Ravneet Singh as its new General Manager and Head of Corporate HR. In the new role, Singh drives key HR initiatives in partnership with business units for Tata Motors' Commercial Vehicle Business. He is also heading strategic HR planning to align workforce capabilities with business goals. Singh has been working with the automaker for over a decade. Announcement • Jul 31
Tata Motors Limited (BSE:500570) agreed to acquire Iveco Group N.V. (BIT:IVG) from Exor N.V. (ENXTAM:EXO) and others for €3.8 billion. Tata Motors Limited (BSE:500570) agreed to acquire Iveco Group N.V. (BIT:IVG) from Exor N.V. (ENXTAM:EXO) and others for €3.8 billion on July 30, 2025. A cash consideration of €3.8 billion valued at €14.1 per share will be paid by Tata Motors Limited. As part of consideration, €3.8 billion is paid towards common equity of Iveco Group N.V. The Offer is aimed at acquiring 100% of Iveco's common shares with a subsequent delisting of Iveco Group. Simultaneous to this transaction, Iveco's defense business is also being separated, which is expected to close in Q1, 2026. The transaction will be financed through secured through Bridge financing facility committed by Morgan Stanley & MUFG of €3.8 billion from Morgan Stanley Bank, N.A., Morgan Stanley Senior Funding, Inc and MUFG Bank, Ltd. The Offeror commits that the operations of Iveco Group will remain prudently capitalized and financed to safeguard the continuity and sustainable success of the business and the execution of its strategy.
The Offer is subject to obtaining the required merger control, foreign direct investment, EU Foreign Subsidies Regulation and financial regulatory clearances, completion of separation of Iveco's defense business, and minimum acceptance level of at least 95% of Iveco's common shares, which will be reduced to 80% if Iveco adopts the Post-Offer Demerger and Liquidation resolutions at the EGM. The Iveco Group Board of Directors unanimously and fully supports the Offer and recommends the Offer for acceptance by the shareholders of Iveco. The Transaction is expected to close by April 26 post receiving all regulatory approvals.
Morgan Stanley Bank, N.A., Morgan Stanley Senior Funding, Inc and MUFG Bank, Ltd., have jointly underwritten the financing facilities of €3.8 billion for funding of the proposed offer. Goldman Sachs Bank Europe SE, Italian Branch acted as fairness opinion provider for Iveco Group N.V. Goldman Sachs Bank Europe SE, Italian Branch acted as financial advisor for Iveco Group N.V. Maisto e Associati and PedersoliGattai acted as legal advisor for Iveco Group N.V. Morgan Stanley India Company Private Limited acted as financial advisor for Tata Motors Limited. Clifford Chance Business Services Private Limited acted as legal advisor and a Due diligence provider for Tata Motors Limited. A.T. Kearney Consulting Private Limited acted as due diligence provider for Tata Motors Limited. PricewaterhouseCoopers Private Limited acted as due diligence provider for Tata Motors Limited. Greenberg Traurig Santa Maria acted as legal advisor to the independent non-executive members of the Iveco Board. De Brauw Blackstone Westbroek N.V. acted as legal advisor for Iveco Group N.V. Announcement • Jul 30
Tata Motors Reportedly Set to Acquire Italian Truck Maker Iveco for $4.5 Billion Tata Motors Limited (BSE:500570) is all set to buy Italian truck maker Iveco Group N.V. (BIT:IVG) from its principal shareholder, the Agnelli family, for $4.5 billion making it the Tata Group's second-largest acquisition after Corus and the largest ever for the automobile major, people aware of the discussions told ET. In 2008, Tata Motors bought Jaguar Land Rover (JLR) for $2.3 billion. A formal announcement on the takeover is expected as early as July 30, 2025, said the people cited above. The boards of Tata Motors and Turin-based Iveco are meeting on July 30, 2025 to approve the transaction, said the people cited above on the condition of anonymity, as the talks are still in private domain. Iveco said on July 29, 2025, it was in "ongoing, advanced" talks with different parties for two separate transactions regarding its defence business and the rest of the company. “The board of directors of the company is in the process of carefully reviewing and evaluating all aspects of these potential transactions,” the company said in a statement, without giving further details. People aware of the proposed M&A deal structure told ET that Tata Motors would buy 27.1% from Exor N.V. (ENXTAM:EXO), the investment company of the Agnelli family, and launch a tender offer (similar to India’s open offer mechanism) to buy out the other smaller shareholder groups. Exor also controls 43.1% of the voting rights of the truck maker. Iveco is demerging its defence business, which will not be a part of the Tata Motors transaction. The Tata Group is confident of buying 100% of the listed Iveco without the defence business. The Italian company had said in May that it would press ahead with plans to either spin off its defence business by the end of 2025 or sell it, having already received offers from potential buyers. Shares of Iveco surged as much as 7.4% intraday on July 29, 2025 on expectations of a transaction. The stock has more than doubled this year, valuing the company at $6.15 billion. Exor and the board of Iveco are believed to be in favour of the sale to Tata as the Agnellis have been an old ally of the group and its former chairman Ratan Tata, a motorhead himself. Tata also had an old joint venture with Agnelli family flagship Fiat Motors in India. The Agnellis are also prominent stakeholders in Ferrari and also control Stellantis, the Dutch automotive group that has subsumed the Fiat brand. Morgan Stanley is advising Tata Motors, while Goldman Sachs is working with Agnellis and Iveco. Clifford Chance is the legal advisor. “Discussions have been ongoing for the last one and a half months and have intensified in recent weeks,” said one of the sources cited above. “Both sides entered into an exclusivity agreement for bilateral negotiations. The exclusivity is due to lapse on August 1.” Tata Motors plans to route this transaction through a Dutch entity, which will be fully owned by Tata Motors. Reuters was the first to report about Tata-Iveco talks for a possible deal on July 18. 
