BusinessPhoto: Business StandardTata Motors and Iveco to Form World's 4th Largest CV Group
Tata Motors plans local assembly of select Iveco Group vehicles in India via semi-knocked-down kits after acquiring an 89.42% stake in Iveco for about €3.4 billion. Tata Sons Chairman N Chandrasekaran highlighted complementary product portfolios creating growth opportunities in India and abroad. The companies aim to localize some Iveco products in India and introduce Tata platforms in Iveco's markets.
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