In what comes as a major announcement in the commercial vehicle industry, Tata Motors, one of India’s leading CV player, is set to acquire Europe’s Iveco Group’s CV business for EUR 3.8 billion. The transaction, if approved, is expected to close in the first half of 2026.

The deal once through will create a ‘force majeure’ in the global CV industry, combining Tata Motors’ frugal engineering strength with Iveco Group’s strength in electrification and the alternative energy domain.

The offer, made by Tata Motors CV Holdings (a Tata Motors affiliate), aims to acquire 100 percent of Iveco’s common shares post the separation of Iveco’s defence business. The tender offer price is set at EUR 14.1 per share, with an additional estimated EUR 5.5–6.0 per share dividend to be distributed from the proceeds of the defence business sale.

Exor N.V., Iveco's largest shareholder, has agreed to tender its 27.06 percent stake and support the proposed resolutions at Iveco’s upcoming extraordinary general meeting (EGM). The deal has the unanimous backing of Iveco's board, which has recommended the offer to its shareholders.

The combined group will operate across key markets including Europe (50 percent), India (35 percent) and the Americas (15 percent), with annual sales of approximately 540,000 units and combined revenue of around EUR 22 billion. Tata Motors and Iveco expect the partnership to enhance their ability to invest in zero-emission transport, optimise global supply chains and expand product innovation.

Subject to regulatory approvals and shareholder support, the parties plan to finalise the separation of Iveco’s defence business by March 2026. Should this not occur through a sale, the business will be spun off into a newly listed entity by April 2026 to allow the main offer to proceed.

As part of the understanding, Tata Motors has also committed to a two-year non-financial covenant period post-settlement, including no direct workforce reductions or plant closures and preserving Iveco’s identity, brands and headquarters in Turin, Italy.

Both companies emphasised that the move will establish a globally competitive platform equipped to address shifting mobility trends and create long-term value for stakeholders.

The combined group will be better positioned to invest in and deliver innovative, sustainable mobility solutions by leveraging both supplier networks to serve customers globally. It will also unlock superior growth opportunities and create significant value for all stakeholders in a dynamic marketplace. By preserving each group’s industrial footprint and employee communities, this complementarity is also expected to foster a smooth and successful integration process. It will also enable the capabilities of Iveco Group’s successful powertrain business, FPT, to be further enhanced.

Natarajan Chandrasekaran, Chairman, Tata Motors, said, “This is a logical next step following the demerger of the Tata Motors Commercial Vehicle business and will allow the combined group to compete on a truly global basis with two strategic home markets in India and Europe. The combined group's complementary businesses and greater reach will enhance our ability to invest boldly. I look forward to securing the necessary approvals and concluding the transaction in the coming months.”

Suzanne Heywood, Chair, Iveco Group, said, "We are proud to announce this strategically significant combination, which brings together two businesses with a shared vision for sustainable mobility. Moreover, the reinforced prospects of the new combination are strongly positive in terms of the security of employment and industrial footprint of Iveco Group as a whole.”

Girish Wagh, Executive Director, Tata Motors, said, "This combination is a strategic leap forward in our ambition to build a future-ready commercial vehicle ecosystem. By integrating the strengths of both organisations we are unlocking new avenues for operational excellence, product innovation and customer-centric solutions. This partnership not only enhances our ability to serve diverse mobility needs across markets, but also reinforces our commitment to delivering sustainable transport solutions that are aligned with global megatrends. Together, we are shaping a resilient and agile enterprise, equipped to lead in times of transformative change."

Olof Persson, CEO, Iveco Group, said, “By joining forces with Tata Motors, we are unlocking new potential to further enhance our industrial capabilities, accelerate innovation in zero-emission transport, and expand our reach in key global markets. This combination will allow us to better serve our customers with a broader, more advanced product portfolio and deliver long-term value to all stakeholders.”

Comments (0)

ADD COMMENT

Link Copied!

Switch Mobility, the electric vehicle arm of Ashok Leyland and part of the Hinduja Group, has announced the deployment of its Switch EiV 22 electric double-decker bus for the ‘Dekho Meri Dilli’ sightseeing route in the capital. The initiative is being implemented under the Hinduja Group’s Corporate Social Responsibility (CSR) programme.

The service provides residents and tourists with a zero-emission transport option to visit heritage landmarks. The full-day route begins at Dilli Haat – INA and includes stops at Vijay Chowk, Rashtrapati Bhavan, the National Museum, the National Gallery of Modern Art, the Pradhan Mantri Sangrahalya and the National War Memorial at India Gate.

The Switch EiV 22 is a standard-floor, air-conditioned electric double-decker designed and manufactured in India. The vehicle utilises a lightweight aluminium body and features a rear staircase and a wide rear door for passenger access.

Key technical features include:

• Battery: 231 kWh NMC (Nickel Manganese Cobalt) chemistry battery pack.
• Range: Up to 250 km on a single charge.
• Architecture: 650V system with a dual-gun charging setup.
• Capacity: Seating for 65 passengers.
• Cooling: Liquid-cooled battery technology for thermal management.

The bus components are manufactured domestically to comply with FAME II standards. Switch Mobility currently operates electric double-deckers in Mumbai, Ahmedabad, Bhubaneswar and Kerala, with a total of 100 electric tourist buses operational across 10 locations in India.

Comments (0)

ADD COMMENT

Link Copied!

Mahindra & Mahindra, a manufacturer of tractors and farm machinery, has announced the launch of a new rotavator series. The range is positioned in the heavy-duty category under the Mahavator and Mahavator HD brands, covering widths from 4 to 9 feet.

The series features a wider mast design intended to improve stability and handling during tillage. According to the company, the structural changes were developed based on market analysis and feedback from farmers to address durability on uneven farm surfaces.

The new series replaces several existing models while sitting alongside Mahindra’s current portfolio. A key technical feature in the lineup is the ‘Tez-e’ Intelligent Rotavator, which utilises integrated Bluetooth technology. This system transmits real-time operational data from the farm to a mobile application to support precision farming.

The products are being manufactured at Mahindra’s dedicated units in Nabha, Punjab and Zaheerabad, Telangana.

The company has also introduced limited tricolour-inspired versions in Metallic Orange, Everest White and Metallic Green.

Dr. Anusha Kothandaraman, Vice President & Head – International Operations & Business Head – Farm Machinery, Mahindra Farm Equipment Business, said, “Farm mechanisation is crucial to farm productivity and rotavators play a crucial role in efficiently preparing farmlands. At Mahindra our newly designed rotavators are developed to further deliver superior performance, while also elevating a farmer’s sense of ownership of the farm equipment that support their livelihood beyond tractors. Offered initially in the 4 to 9 feet category, the new look rotavators will reach farmers through a phased rollout across Mahindra's extensive dealer network.”

Comments (0)

ADD COMMENT

Link Copied!

Tata Motors has signed a Memorandum of Understanding (MoU) with the V.O. Chidambaranar Port Authority (VOCPA) to deploy 40 heavy-duty trucks powered by Green Hydrogen Internal Combustion Engines (H2 ICE). The agreement was signed in the presence of Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways.

The project involves a trial phase with a single hydrogen-powered prime mover, followed by the deployment of the remaining fleet over the next two years. Funding for the initiative is provided by the Ministry of Ports, Shipping and Waterways as part of a national strategy to decarbonise maritime logistics.

To support the fleet, VOCPA is developing a 2 MW electrolyser and a hydrogen refuelling station within the port. The trucks selected for this deployment are Tata Prima 55-tonne prime movers. These vehicles utilise H2 ICE technology, which adapts internal combustion principles to run on hydrogen instead of diesel, aiming for zero-tailpipe CO2 emissions.

The Prima trucks include driver-assist safety features and cabins designed to reduce fatigue during cargo handling operations. Tata Motors previously initiated hydrogen truck trials on freight corridors in 2025 and currently operates 15 hydrogen fuel cell buses in India.

Susanta Kumar Purohit, Chairperson, VOCPA, said, “Our partnership with Tata Motors marks a transformative step in VOC Port’s push to achieve net-zero emissions. The deployment of green hydrogen-powered trucks will significantly decarbonise our cargo handling operations while setting a benchmark for sustainable port-led logistics in India. To support the phased induction of these Green Hydrogen trucks, the port is also progressing plans to establish a 2 MW electrolyser and a dedicated hydrogen refueling station. This project along with various other initiatives related to green fuels reinforces our commitment towards building a robust green hydrogen ecosystem and positioning VOC Port as a leader in sustainable maritime infrastructure.”

Rajesh Kaul, Vice-President and Business Head – Trucks, Tata Motors, said, “Our collaboration with V.O. Chidambaranar Port Authority marks an important milestone in bringing hydrogen-powered heavy-duty trucking into real-world port operations. Over the past several months, we have worked closely with the port authorities to assess pathways for hydrogen trucks in cargo handling applications. This pilot will help demonstrate the potential of assessing the TCO parity and with Green Hydrogen in supporting the transition of India’s ports towards cleaner and more sustainable logistics solutions.”

Comments (0)

ADD COMMENT

Link Copied!

SANY is set to make a significant impact at the CONEXPO-CON/AGG 2026 trade show, taking place at the Las Vegas Convention Center. The company will present its most comprehensive portfolio to date for the North American market, featuring an expansive display of machinery, digital technology and service capabilities. Operating under the theme ‘Together, We Move the Future Forward’, SANY will highlight the convergence of robust performance, intelligent innovation and lasting customer relationships as key drivers for the industry's evolution.

Visitors to Booth F44054 will encounter an impressive lineup of 32 machines and 17 attachments, with the spotlight on 10 newly introduced models engineered specifically for North American requirements. Among these, the SY10U Mini Excavator stands out for its zero tail swing design, providing exceptional manoeuvrability in confined spaces. Its operation is enhanced by a full hydraulic load sensing system, a suspension seat and wide armrests, ensuring a premium operator experience. The larger SY335LC Medium Excavator is powered by a substantial 9L Cummins engine generating 209 kilowatts. This powertrain delivers 204 kN of bucket force and 153 kN of arm force, resulting in digging performance that is both powerful and precise for its class.

In the lifting category, the SCA3300A Lattice Boom Crawler Crane incorporates a smart windshield that automatically adjusts its tint based on sunlight intensity. It also offers an optional auxiliary power unit designed to optimise energy savings and lower emissions. Similarly, the SCA1100TB Telescopic Crawler Crane features an optional APU to reduce fuel consumption and engine wear, while a 360-degree surround view monitoring system enhances safety during lifts. The new generation SW940L Wheel Loader integrates a Cummins B6.7 engine with ZF transmission and drive axles. Its advanced full electronic control system ensures compatibility with mainstream attachments and enables intelligent functions like automatic limit control, one-touch bucket shake, parallel lift, tyre pressure monitoring and smart attachment selection and positioning. The STH5519 Telehandler comes standard with reversing radar and load moment protection. An integrated multifunction joystick is designed to improve operational efficiency by 20 percent, while a stability coefficient exceeding 1.3 promotes safer lifting operations.

Beyond the equipment itself, SANY will demonstrate a suite of intelligent solutions aimed at minimising downtime and maximising productivity. These include the SANY AI Service Assistant, which provides intelligent diagnostics, interactive fault identification and quick parts identification for efficient maintenance. The SANY RootPilot system offers high precision 3D guidance for smarter and faster construction processes. In a compelling live demonstration, SANY will remotely control an excavator located in Huzhou, China, directly from its US showroom, a distance of over 6,500 miles, using AI-assisted technology with one-click digging and loading capabilities. These technological demonstrations will be complemented by a showcase of SANY's comprehensive service capabilities, all designed to ensure equipment operates smoothly and reliably.

Comments (0)

ADD COMMENT

Link Copied!