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Tata Motors Group is a leading global automobile manufacturer. Part of the illustrious multi-national conglomerate, the Tata group, it offers a wide and diverse portfolio of cars, sports utility vehicles, trucks, buses and defence vehicles to the world.
Tata Motors has launched an all-cash tender offer for Iveco Group at EUR 14.1 per share, valuing it at EUR 3.82 billion. This move aims to create a global commercial vehicle leader with combined revenues exceeding EUR 21 billion (INR 2,28,000 Cr+), leveraging complementary strengths. Iveco's board supports the acquisition.