Tata Motors confirmed at its AGM on 29 June that its €3.8 billion Iveco acquisition is on track to close by Q2 FY27, targeting a top-4 global CV rank.

The Iveco deal, announced in July 2025, is the centrepiece of Tata Motors’ global push. Once completed, the combined business is expected to rank among the top four commercial vehicle companies in the world.

Chairman N. Chandrasekaran told shareholders that most regulatory approvals are already in place, with the final few currently being processed.

This deal will bring access to advanced powertrain technology and next-generation vehicle platforms that Tata Motors currently does not have.

That gives the company a much stronger footing to serve markets across Europe and beyond.

The AGM also gave shareholders a clear view of where the business stands today. Tata Motors reported record consolidated revenue of Rs 83,855 crore in FY26, up 9.8% year-on-year.

Domestic commercial vehicle sales crossed 4.35 lakh units, up 13%. Heavy commercial vehicles hit a decade-high domestic market share of 55%.

Consolidated EBITDA margin came in at 12.3%, and the board recommended a final dividend of Rs 4 per share.

There was more beyond the core numbers. The company’s electric bus arm deployed over 3,800 buses across 10 cities, covering 50 crore kilometres collectively.

Its Fleet Edge platform crossed one million connected vehicles. International business grew 53.9% during the year. Despite the strong FY26 performance and the positive AGM commentary, the stock closed lower on the day.

Shares of Tata Motors were trading at Rs 346.90 on NSE at 15:03 pm, down around 1.78% from the previous close.

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