The European Commission approves the acquisition of Iveco Group by Tata Motors in the commercial vehicles sector
Brussels, November 17, 2025 The European Commission has approved the exclusive takeover of Iveco Group N.V. by TML Commercial Vehicles Limited, a company belonging to the Indian Tata Motors group. The acquisition targets activities in the production and supply of commercial vehicles and auto parts, two industrial segments with a strong presence in the European and global markets.
According to the assessment carried out under the EU Regulation on economic concentrations, the combination of the activities of the two companies does not raise competition concerns. The Commission concluded that their combined position remains limited in the relevant markets, and the transaction does not reduce options for customers regarding the purchase of commercial vehicles or auto components. The analysis was conducted under the simplified procedure, used in cases where the risks of harming competition are low.
Iveco Group N.V., headquartered in the Netherlands, is a major European manufacturer of commercial vehicles, engines, and industrial solutions. The company operates in segments such as trucks, buses, specialized vehicles, and propulsion systems. The Iveco brand has been present in the European market for several decades and has an extensive production and after-sales service network. The group also includes technology divisions capable of developing and supplying essential components for the automotive industry, including solutions for heavy vehicles and industrial applications.
TML Commercial Vehicles Limited is part of Tata Motors, one of the largest vehicle manufacturers in India, active in both Asian markets and globally. Its portfolio includes trucks, buses, light commercial vehicles, and vehicles for commercial transport. The company is active in developing vehicles for logistics, construction, and intercity transport and has an expanding international presence. The Tata Motors group also has experience in the production of auto components and in developing technologies for the commercial vehicle sector.
The decision highlights the application of the European merger control framework, through which the Commission analyzes whether a takeover reduces or not the level of competition in the internal market. The case was examined in the public register of the Commission, under the simplified procedure, used in situations where a concentration is not likely to affect competition.
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