New Delhi, Sept. 30 -- Tata Motors' biggest global bet since Jaguar Land Rover (JLR) will be steered by cost savings. Cutting spending on product development, components and research is central to its $4.4 billion acquisition of Italian commercial vehicle maker Iveco, alongside plans to expand into new markets and product segments, the company said, maintaining that the move could unlock a bigger value than even JLR.

At a meeting with analysts of India's top brokerage houses on Monday, the management of Tata Motors laid out its plan to leverage its biggest ever acquisition after JLR in 2008. This comes at a time when analysts questioned the rationale of the acquisition that comes just ahead of the demerger of its commercial vehicle entit...