Published by Global Banking & Finance Review®
Posted on July 23, 2025
2 min readLast updated: January 22, 2026
Add as preferred source on GoogleItaly is closely monitoring the potential sale of Iveco to Tata Motors, emphasizing the importance of preserving technology and jobs.
MILAN (Reuters) -The Italian government is closely following news about a possible sale of truckmaker Iveco Group to India's Tata Motors, Industry Minister Adolfo Urso told a parliamentary hearing on Wednesday.
Urso did not, however, mention the possible use of the government's so-called golden power legislation, which allows it to set conditions on deals affecting companies deemed of national strategic interest.
Tata Motors has approached the Agnelli family, which controls Iveco through its investment company EXOR, over a possible sale of the Italian truck and bus maker, Reuters reported last week.
Since last Friday, when Reuters published the news, Iveco shares have risen over 25%.
A possible Iveco sale would not include its IDV defence business, which the group is currently separating, either through a spin-off or a sale.
Urso said Rome was well aware of how important the commercial and industrial vehicle industry - and Iveco in particular - is for the Italian economy and employment.
"Our policy line is clear. We strongly support foreign investments of quality, as long as our technology, production and jobs are preserved," Urso said, adding the government had agreed to a request by unions for a meeting on Iveco "to monitor any developments and, if necessary, prepare appropriate actions".
(Reporting by Giulio PiovaccariEditing by Mark Potter)
The Italian government, represented by Industry Minister Adolfo Urso, is closely monitoring the potential sale of Iveco to Tata Motors and supports foreign investments as long as technology, production, and jobs are preserved.
Since the news was published, Iveco shares have risen over 25%, indicating a positive market response to the potential sale.
No, a possible sale of Iveco would not include its IDV defence business, which the group is currently separating through either a spin-off or a sale.
The Italian government has a so-called golden power legislation that allows it to set conditions on deals affecting companies deemed of national strategic interest, although Urso did not mention its potential use in this case.
Urso emphasized that the commercial and industrial vehicle industry, particularly Iveco, is crucial for the Italian economy and employment.
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