Iveco Group (Tata Motors), quarter in the red but revenues growing

In the third quarter, Iveco Group - which is now part of Tata Motors - recorded consolidated revenues of 3.16 billion euros, an increase of 1.4%, and net revenues from industrial activities of 3.09 billion euros (+1.5%). The adjusted EBIT of industrial activities was zero, in the wake of the continued focus on quality, as planned, a negative product mix and the impact of inflation. The quarter closed with a loss of 45 million compared to a profit of 16 million in the same period. Free cash flow recorded an absorption of €656 million, in line with the typical seasonality of this quarter, while available liquidity remained solid at €3.7 billion as of September 30, 2026, including €1.9 billion of available credit lines.

“In the third quarter we continued to maintain a strong focus on quality across the company, allocating additional resources in line with the strategy defined for the year. This choice had an impact on profitability, together with an unfavorable product mix in the various business units. Our dedicated quality initiatives peaked in the quarter and are expected to progressively reduce. The benefits of these actions will become increasingly visible in our performance and will contribute positively to the results.

Overall, revenues recorded a slight growth compared to the previous year, confirming the solid competitiveness of our products" comments Olof Persson, CEO of Iveco Group.