Approved · Waiver · decided in 21 days, 24 July 2026
UnclassifiedWA-85037ACCC register
Tata Motors Limited, via TML CV Holdings B.V., is acquiring 100% of the common shares of Iveco Group N.V., excluding its defence business unit. This transaction involves two global commercial vehicle manufacturers, active in the design, manufacture, and sale of trucks, buses, and powertrain products.
Tata Motors Limited ( Tata Motors ) through a newly formed wholly owned subsidiary, TML CV Holdings B.V., proposes to acquire 100% of the common shares (including treasury shares) of Iveco Group N.V. (together with its subsidiaries, Iveco ), excluding the defence business unit that it operates under the IDV and Astra brands (the Acquisition ). Tata Motors is an Indian company active globally in the design, manufacture, and sale of commercial vehicles. Tata Motors is listed on both the Bombay Stock Exchange and the National Stock Exchange of India. Iveco is a publicly traded company incorporated in the Netherlands and trading on Euronext Milan. Iveco, through its subsidiaries, designs, produces and sells trucks, other commercial vehicles, and buses as well as powertrain products, and financial products for Iveco's dealers and customers. Iveco does not have a manufacturing facility in Australia and has not manufactured commercial vehicles locally since 2022. Tata Motors and Iveco are both active at the global level in the design, manufacture and distribution of commercial vehicles, in particular trucks and buses. Iveco also supplies powertrain products used in commercial vehicles at the global level.