Tata Motors has raised its Iveco takeover offer to EUR  14.40 per share, citing delays in regulatory approvals for the acquisition. The Indian automaker announced the revised cash offer on October 9, 2026, increasing its proposed purchase price by EUR  0.30 per share. The deal covers Iveco’s commercial vehicle business in Italy and other markets, excluding its defence operations.

The revised Tata Motors Iveco takeover could reach EUR  3.91 billion if shareholders tender all 271.2 million targeted shares. The company has also declared the increased price its final offer, ruling out another increase. The move aims to address delays while keeping the proposed acquisition on track.

Tata Motors announced the acquisition plan in 2025, initially valuing the transaction at approximately EUR  3.8 billion. Its earlier tender offer stood at EUR  14.10 per share, equivalent to a transaction value of around EUR  3.82 billion. The company launched the all-cash tender offer through its subsidiary, TML CV Holdings, in September 2026.

Explaining the revision, Tata Motors said the authorisation process had taken longer than initially expected. The company stated in its exchange filing, “Nevertheless, the Offeror TataMotorsTata Motors has resolved to increase the price in consideration of the slight delay in the completion of the offer.” The revised terms reflect the additional time required to secure the necessary approvals.

The new Iveco acquisition offer represents a 33.47% premium over the July 17, 2025, closing price. It also offers a 6.77% premium over Iveco’s July 29, 2025, closing price, before the acquisition announcement. Tata Motors will finance the additional payment through an EUR  85 million credit facility from MUFG Bank’s GIFT City branch.

Iveco’s board has unanimously backed the transaction and recommended that shareholders tender their shares. The acceptance window runs from September 7 to October 26, 2026, giving investors time to consider the revised terms. Shareholders will also vote on related resolutions at an extraordinary general meeting scheduled for October 16.

The outcome could strengthen Tata Motors’ position in the global commercial vehicle market by expanding its international truck business. However, the acquisition still depends on the offer process and applicable regulatory requirements. The revised price signals Tata Motors’ willingness to absorb additional costs rather than let approval delays derail the deal.

Also Read: Tata Motors Offers EUR 14.10 Per Share to Acquire Iveco in EUR 3.82 Billion Deal