Tata Motors CV Ltd. (BSE: TATAMOTORS) announced a €14.40 offer for Iveco, up €0.30 from the initial €14.10 bid, marking a 7% premium on the original price. The revised bid inflates the total transaction to €3.9 billion, an €81.36 million lift over the earlier estimate.
The Italian regulator Consob cleared the deal in September, with the tender window closing on October 26, unless an extension is granted. Tata Motors CV confirmed that this price is final and will not be revisited.
In June, the company projected its FY28 domestic market share at 40% and pledged to maintain double‑digit margins. Post-transaction, projected Return on Capital Employed (ROCE) is expected to sit between 30% and 35%, with investment intensity at 2%–4% of topline.
Shares of Tata Motors CV ended Friday 0.6% lower at ₹410.5, reflecting investor caution ahead of the tender close. The stock’s market capitalization stands above ₹1.5 lakh crore, underscoring the size of the acquisition.
Looking ahead, analysts expect the company to release FY28 results later this year, with guidance expected to focus on the impact of the Iveco deal on margin and capital utilisation.
The move could attract scrutiny from shareholders on how the premium affects valuation, but the firm maintains that the price reflects strategic synergies and a robust future cash‑flow profile.