Press Release

BSE Limited Listing Compliance Department First Floor, New Trading Ring National Stock Exchange of India Ltd. Rotunda Building, P J Towers, Exchange Plaza, Bandra Kurla Complex, Bandra Dalal Street, Fort, Mumbai 400 001 (E), Mumbai 400 051 October 30, 2026 Sc no - 151 Dear Sir/Madam, Sub: Intimation under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Re: Press Release - “Tata Motors completes the initial settlement of the Tender Offer for Iveco Group. Iveco Group has now become part of Tata Motors” Pursuant to Regulation 30 of the SEBI Listing Regulations and further to our intimation bearing sc no 147, we are enclosing herewith a Press Release issued by Tata Motors Limited (formerly TML Commercial Vehicles Limited) (‘the Company’) on the captioned subject, the content of which is self-explanatory. Consequent to the settlement, TML CV Holdings B.V., an indirect wholly owned subsidiary of the Company has acquired 89.42% equity stake in Iveco Group N.V. (‘Iveco’). Accordingly, Iveco has become an indirect subsidiary of the Company. In compliance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, the brief details of the aforesaid acquisition, as prescribed thereunder, are enclosed herewith as Annexure A Further, a copy of the Press Release issued by the Company is enclosed herewith as Annexure B. We request you to take the aforesaid disclosure on records. Yours faithfully, For Tata Motors Limited (formerly TML Commercial Vehicles Limited) Ranjan Kumar General Counsel and Company Secretary Encl: as above Annexure A Relevant details under amended Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 Sr. Particulars Details of Iveco Group N.V. 1. Name of the Target Company, details Name: Iveco Group N.V. in brief such as size, turnover, etc. Brief Details: Iveco Group N.V. (EXM: IVG) is a global player in the automotive industry, built on a strong Italian heritage and with a consolidated international reach. The Group channels decades of engineering excellence and innovation into sustainable mobility and customer driven technologies. Its five brands play a leading role in their respective domains: • IVECO, a pioneering commercial vehicle brand offering heavy, medium and light duty trucks; • FPT, a global leader in advanced powertrain technologies in the agriculture, construction, marine, power generation and commercial vehicles sectors; • IVECO BUS and HEULIEZ, renowned for their mass transit, premium bus and coach solutions; and • IVECO CAPITAL, the Group’s financing arm supporting them all. Iveco Group employs 33,000 people and operates 16 industrial sites and 22 R&D centres. Authorized Share Capital (as of 30th June 2026): ~₹85 Crore € 8 Million Revenue from Operations (CY25): ~₹1,42,471 Crore € 13,428 Million 2. Whether the acquisition would fall No within the related party transaction(s) and whether the promoter /promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm’s length" 3. Industry to which the entity being Commercial Vehicles acquired belongs 4. Objects and impact of acquisition The offer would bring together two businesses with highly (including but not limited to, disclosure complementary product portfolios and capabilities and with of reasons for acquisition of target substantially no overlap in their industrial and geographic entity, if its business is outside the footprints, creating a stronger, more diversified entity with a main line of business of the listed significant global presence. entity) Further details are available in Offer document published on the Website of the Company - https://cv.tatamotors.com/assets/cv/files/investors/TML+ CV+Holdings+B.V.+-+Offer+Document+(ENG).pdf 5. Brief details of any governmental or Please refer to the press release made by the Company on regulatory approvals required for the September 1, 2026. The same can be accessed at: acquisition TMLCOMMERCIAL_01092026215742_NSEBSELETTERIVE COSIGNEDFINAL.pdf Further details are available in Offer document (section A.12) published on the Website of the Company - https://cv.tatamotors.com/assets/cv/files/investors/TML+ CV+Holdings+B.V.+-+Offer+Document+(ENG).pdf 6. Indicative time period for completion of Completed on October 30, 2026 the acquisition 7. Consideration - whether Cash Cash consideration consideration or share swap or any other form and details of the same 8. Cost of acquisition and/or the price at € 14.4 per share which shares are acquired 9. Percentage of shareholding/ control Following completion of settlement, TML CV Holdings B.V. acquired and/ or number of shares holds 238,157,212 Common Shares, equal to approximately acquired 89.42% of Iveco Group's common share capital, net of Treasury Shares. As a result, Iveco Group has become part of Tata Motors. 10. Brief background about the entity Iveco Group N.V. was founded in 1975 and is headquartered in acquired in terms of product/line of and Amsterdam, Netherlands. Iveco Group is an Italian business acquired, date of multinational commercial vehicle and automotive technology incorporation, history of last 3 years manufacturer. It provides transportation vehicles, engines, turnover, country in which the acquired powertrain systems and related financial services. entity has presence and any other significant information Date of incorporation – June 16, 2021 (in brief) Iveco Group N.V. is a global automotive leader that, through its various businesses, designs, produces and sells trucks, commercial vehicles, buses and defence vehicles, in addition to a broad portfolio of powertrain applications. In addition, Iveco Group’s Financial Services segment offers a range of financial products and services to dealers and customers. Iveco Group N.V. has presence in Turin, Italy. Iveco Group N.V. Revenue from Operations in last 3 years – CY25: ~₹1,42,471 Crore € 13,428 Million CY24: ~₹1,52,964 Crore € 14,417 Million CY23: ~₹1,69,527 Crore € 15,978 Million (includes revenue from defense business which is not part of current transaction perimeter) All Euro figures have been converted into INR, for reference, at an exchange rate of 1 Euro = 106.1 INR (exchange rate at closing on 29th October 2026) Annexure B NOT FOR RELEASE, DISSEMINATION, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION TATA MOTORS COMPLETES INITIAL SETTLEMENT OF RECOMMENDED TENDER OFFER FOR IVECO GROUP IVECO GROUP HAS NOW BECOME PART OF TATA MOTORS, SUBSEQUENT CHANGES ARE ANNOUNCED Mumbai, India/Turin, Italy/Amsterdam, the Netherlands – 30 October 2026. With reference to the offer document published on 4 September 2026 (the “Offer Document”), the amendment notice published on 9 October 2026 and the notice published on 27 October 2026 (the “Notice on Final Results”) on the final results of the voluntary tender offer (the “Offer”) promoted by TML CV Holdings Pte. Ltd., through its wholly-owned company TML CV Holdings B.V. (the “Offeror”) for all issued common shares of Iveco Group (“Common Shares”) at a price of EUR 14.4 (cum dividend) per Common Share in cash, Tata Motors Limited (“Tata Motors”) (NSE: TMCV), a global automotive leader, and Iveco Group N.V. (“Iveco Group” or “Iveco”) (EXM: IVG), an international leader in commercial vehicles and mobility, jointly announce completion of settlement of the Common Shares tendered to the Offer during the Acceptance Period as per th [Showing first 8,000 characters — download PDF for full document]