Iveco Is Said to Draw Takeover Interest From India’s Tata Motors

Italian truckmaker Iveco Group NV has attracted takeover interest from India’s Tata Motors Ltd., people familiar with the matter said.

Tata, the owner of Jaguar Land Rover, has approached the billionaire Agnelli family over its controlling stake in Iveco, according to the people. A sale of Iveco would not include the company’s defense business, which is going through a sale process of its own, one of the people said.