Tata Motors targets $35 billion revenue with IVECO acquisition
after close1 source ↓written by the desknot a recommendation
- revenue run-rate
- $35 billion
- CV business
- $10-12 billion
Tata Motors aims for a $35 billion revenue run-rate in its commercial vehicle division, driven by the IVECO acquisition. This strategic move enhances its global presence, particularly in heavy-duty trucks and sustainable transport across India, Europe, and Latin America. The transition marks a significant leap from a $10-12 billion CV business to a global powerhouse.
Not investment advice. For informational purposes only.