Tata also had an old joint venture with Agnelli family flagship Fiat Motors in India. The Agnellis are also prominent stakeholders in Ferrari and also control Stellantis, the Dutch automotive group that has subsumed the Fiat brand.Morgan Stanley is advising Tata Motors, while Goldman Sachs is working with Agnellis and Iveco. The exclusivity is due to lapse on August 1.”Tata Motors plans to route this transaction through a Dutch entity, which will be fully owned by Tata Motors. But the sensitive defence business made it a strategic operation for the Italian government.In 2021, the government blocked an offer from Chinese rival FAW. In 2004, Tata had acquired Tata Daewoo, for Rs 246.3 crore.
