Tata Motors’ €3.43 bn Iveco bid sees 87.8% acceptance, paves way for biggest buyout since JLR: What exchange filing says
Tata Motors is in focus with October 26 in focus.
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Tata Motors’ bid for Italian truckmaker Iveco cleared the 80% acceptance threshold, with 87.81% of common shares tendered by the October 26 deadline. The deal, valued at about EUR 3.8 billion, would expand Tata’s global commercial vehicle business.
Key facts
- Dates in focus
- October 26
The analysis
Tata Motors reported movement of 80%, 87.8% and 87.81%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +3.9% on the day at ₹399.20, and has returned -2.9% over three months. It sits 21% below its 52-week high. The auto sector has moved -5.4% over the same period, so Tata Motors is running 2.5 points ahead of its peers.
For Tata Motors, the question is how much of this is already reflected in the price and how much re-rates the auto peer set alongside it.
Market context
- In focus: Tata Motors (TMCV), in Auto.
- On the day, 1 of 2 are higher: Tata Motors leads at +3.9% and Tata Motors Passenger Vehicles (JLR) trails at -0.9%.
- Over three months: Tata Motors -2.9% against Auto -5.4% (2.5 points ahead); Tata Motors Passenger Vehicles (JLR) -20.3% against Auto -5.4% (14.9 points behind).
- At least 25% below the 52-week high: Tata Motors Passenger Vehicles (JLR) (37%).
- Tata Motors Passenger Vehicles (JLR): 52-week and period figures are measured from 14 Oct 2025, when its price was reset by a corporate action (such as a demerger or split).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Tata MotorsTMCV · Auto | ₹399.20 | +3.9% | -9.6% | -2.9% | -21.0% | 1.3× | — |
| Tata Motors Passenger Vehicles (JLR)TMPV · Auto · Price reset 14 Oct 2025 | ₹261.20 | -0.9% | -10.1% | -20.3% | -37.4% | 0.9× | — |
Auto
1M -7.3% · 3M -5.4%
Tata Motors, Tata Motors Passenger Vehicles (JLR)
Prices as of 27 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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