Tata Motors eyes 1 million annual commercial vehicle sales after Iveco acquisition: N Chandrasekaran
New Delhi, June 29
Leading automobile firm Tata Motors is targeting annual commercial vehicle sales of more than one million units in the coming years as it prepares to integrate Italy's Iveco Group, Chairman N. Chandrasekaran said on Monday.
Addressing shareholders at the company's second annual general meeting after the commercial vehicle business was demerged and separately listed, Chandrasekaran said the proposed acquisition of Iveco would significantly accelerate Tata Motors' global ambitions.
"Together we will be in the range of 6 lakh vehicles to start and easily see us crossing 1 million vehicles in the years to come," he said.
Moreover, the combined business will begin with annual sales of around 600,000 commercial vehicles, positioning Tata Motors among the world's four largest commercial vehicle manufacturers.
The acquisition -- which is awaiting regulatory approvals -- is expected to be completed by the second quarter of the current financial year.
The deal would provide Tata Motors access to advanced powertrain and next-generation technologies, strengthen its manufacturing and product portfolio, and significantly expand its international footprint, Chandrasekaran said.
"We will optimise, scale and grow to be ranked amongst the top four commercial vehicle entities globally," he added.
The expansion plans come after Tata Motors Commercial Vehicles reported its strongest financial performance since becoming an independently listed company following the demerger in November 2025.
The company is also reducing its dependence on the cyclical truck business by expanding higher-margin and relatively stable revenue streams. Non-cyclical businesses, including spares and services, grew 18.2 per cent during FY26.
In addition, international operations grew over 50 per cent during FY26 due to stronger market penetration and large order wins.
— IANS
Reader Comments
Happy to see a desi company thinking big. The 50% growth in international operations shows we can compete globally. But I hope the regulatory approvals don't get stuck in red tape—India needs more success stories like this.
Chandrasekaran is playing the long game, and I respect that. Reducing dependence on cyclical truck sales by growing spares and services (up 18%) is smart business. However, I'm cautiously optimistic—mergers often face integration challenges. I hope they retain Iveco's best talent and don't just cut costs.
Impressive vision from Tata. As an expat in India, I see how Tata's dominance in commercial vehicles is already strong. The Iveco acquisition could really help with European market access. But I wonder about the debt—these big moves need careful financial management. Still, Tata has a solid track record.
Finally, an Indian company making global headlines for the right reasons! 🇮🇳 The demerger has clearly worked well. I just hope they also invest in electric trucks—that's where the future is heading. Don't want to be playing catch-up when Europe and China move faster.
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.