Mumbai, July 30 -- According to the reports, the potential acquisition would include Iveco's commercial and defence truck operations, making it one of the biggest deals in Tata Group's history. If sealed, the transaction would mark Tata Motors' largest buyout since its $2.3 billion acquisition of Jaguar Land Rover (JLR) in 2008, and potentially the group's second-largest after Tata Steel's purchase of Corus in 2007.

The market, however, appeared less than enthused. Investors expressed concerns about the financial strain the acquisition could place on Tata Motors' balance sheet, especially at a time when JLR is undergoing major emissions-related upgrades.

A foreign brokerage maintained a 'Sell' rating on the Tata Motors stock with a targ...