Business · 4 Nov
ప్రపంచ 4వ అతిపెద్ద వాణిజ్య వాహన సంస్థగా టాటా మోటార్స్- ఇవెకో
AI summaryTata Motors completed its acquisition of a majority stake in Italian commercial vehicle manufacturer Iveco for €3.43 billion, forming the world's fourth-largest commercial vehicle manufacturer. The combined entity will have an annual revenue of ₹2.28 lakh crore. Tata Sons Chairman N. Chandrasekaran and Tata Motors MD & CEO Girish Wagh expressed confidence in future revenue and margin growth, and noted that the delisting of Iveco shares from Italian stock exchanges will be completed soon.
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