Mumbai: Tata Motors expects the annual revenue of its commercial vehicle business along with Italian truck and bus maker Iveco Group that it is acquiring to increase to $35-40 billion over the next five years from about $25 billion now, chairman N Chandrasekaran said Monday.
Addressing the company's first annual general meeting since the demerger of its commercial vehicle (CV) and passenger vehicle businesses, Chandrasekaran said the Iveco acquisition, expected to close before the end of September, would significantly expand Tata Motors' global CV presence through complementary products, advanced technologies and access to new markets.
