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Tata Motors looks to buy Italian truck maker Iveco; deal likely at $4.5 billion - set to be Tata group’s second biggest acquisition

Tata Motors is reportedly on the verge of acquiring Italian truck manufacturer Iveco from the Agnelli family for $4.5 billion, marking the Tata Group's second-largest acquisition after Corus. The deal, excluding Iveco's defense operations, is expected to be announced soon, pending board approvals from both companies.