Mumbai, Nov. 3 -- Mumbai-headquartered commercial vehicle major Tata Motors and Europe's Iveco Group have formed a global commercial mobility enterprise with combined revenues of approximately EUR 21 billion, operating across more than 130 countries.

The two entities have now come together and are currently ranked fourth globally among commercial vehicle manufacturers by truck sales volumes in the 6-tonne and above segment.

The combined entity encompasses a worldwide network comprising 27 manufacturing sites, 25 research and development centres, and over 9,300 sales and service centres. The enterprise brings together a workforce of more than 73,000 employees across six continents.

Going forward, Iveco Group will remain headquartered in...