Tata Motors’ expansion to go on, Iveco acquisition to help it rank among top 4 global CV makers: Chairman
Tata Motors Ltd will expand globally, gain leadership in emerging segments while sustaining top position where it is strong in the next five years, with the Iveco acquisition set to help it rank among the top four commercial vehicle makers in the world, according to its Chairman N Chandrasekaran.
The company is expected to strengthen its leadership across segments of commercial vehicles driven by strong volume growth in the next three to four years, Chandrasekaran said in his address at the Tata Motors commercial vehicles dealer business planning meet 2026 in Goa, according to people aware of the development.
Noting that the Tata Group’s “automotive business today is both large and globally competitive”, he said presently the automotive vertical alone is poised to clock revenues of $80 billion, as compared to the group’s total revenues of $100 billion in 2017.
Chandrasekaran, who is also the Chairman of Tata Sons — the promoter holding firm of the Tata conglomerate, further said, “Our aspiration is clear — to build a truly global, high-impact commercial vehicles company.” The next five years are about “sustaining leadership where we are strong and gaining leadership in emerging segments”, Chandrasekaran said.
He also told the dealer partners that in the next five years, Tata Motors will continue to expand globally, while also deepening innovation and technology leadership.
Noting that Tata Motors’ global ambition has taken a major step forward with the bid for Iveco acquisition, the regulatory approvals are currently underway and are expected to be completed by Q2FY27.
“This will enable us to access advanced technologies, expand global markets, strengthen product capabilities across geographies,” he added.
Together, Chandrasekaran said, “We can significantly optimise, scale and grow to be ranked amongst the top four commercial vehicles entities, globally,” he added.
On technology and innovation, he said Tata Motors would strive to be a leader, and its focus areas include electric mobility across segments, advanced powertrains, including hydrogen, digitisation and connected vehicles, and AI-led transformation. “We will continue to invest aggressively in R&D and innovation, ensuring we stay ahead of the curve,” he asserted.
Stating that Tata Motors’ commercial vehicles is a financially strong, high-performing business, with several metrics already at global benchmarks, he said, “Looking ahead to the next three-four years, we expect strong growth in volumes, leadership across multiple segments and markets; and continued strengthening of our global footprint.”
While noting that there will be challenges due to geopolitical shifts, market volatility, and disruptions going ahead, he said, “But with the right capability, mindset, and resilience, we will navigate them.”
