TURIN, Italy, March 14 (Reuters) - Italian bus and truck

maker Iveco Group ( IVCGF ) forecast revenue growth of 20% by

2028 as it unveiled a new business plan on Thursday focused on

an expanding product portfolio and industrial partnerships.

The company said its net revenues from industrial activities

would rise to around 19 billion euros ($20.8 billion) in 2028

from 15.877 billion euros last year.

It sees its margin on adjusted operating profit (EBIT) from

industrial activities increasing to between 7% and 8%, from 5.2%

in 2023.

Milan-listed shares in the company extended gains after

the five-year plan to 2028 was published, and were up 4.1% by

1220 GMT.

Iveco ( IVCGF ), the smallest among Europe's truckmaking heavyweights

Daimler Truck, Volvo and Traton,

said it would extend and deepen its partnership with Hyundai

Motor ( HYMTF ) in electric heavy-duty trucks for the European

market - regarding both battery-electric and hydrogen fuel-cell

technologies.

It also announced a preliminary deal with Ford Trucks, the

heavy commercial brand of Ford Otosan, for potential cooperation

in developing heavy-duty truck cabins.

"Today we commit ourselves to a new plan, an acceleration of

our product portfolio, stronger and more diverse partnerships,

and a dialling up of our sustainability journey," CEO Gerrit

Marx said in a statement.

The truckmaker, controlled by Exor, the

investing company of the Agnelli family, said it would invest

5.5 billion euros between this year and 2028, with a focus on

energy transition, artificial intelligence & software defined

vehicles as well as autonomous driving.

($1 = 0.9141 euros)