Tata Motors Confirms Iveco Is Now Part of Group
Tata Motors says Iveco is now part of its group after an acquisition valued at about $4.32 billion, or ₹42,561 crore. Chandrasekaran has been appointed chairperson of the company. The deal marks a major step in the group's push into commercial vehicles.
Context
Context: Iveco is an Italian maker of trucks, buses and military vehicles. Tata Motors is part of the Tata Group, and N. Chandrasekaran has led the wider group as chairman of Tata Sons.
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