Bajaj Auto raises stake in KTM

Bajaj invests Euro 20 million to increase its stake in KTM.

1 min read•20 Apr '10

Staff Writer

Bajaj Auto has increased its stake in the European motorcycle company, KTM Power Sports AG. Bajaj has invested Euro 20 million to increase its share-holding in the European bike manufacturer from 31.92 percent to 35.67 percent.

The investment by Bajaj reinforces its commitment to KTM and highlights the significance of ‘Ready to Race’ KTM brand in its global strategy. Back in 2007, Bajaj had invested around Rs 300 crore and picked up 14.9 percent stake in KTM. The following year, the Pune based firm increased its stake in the European bike maker to 25 percent.

Both companies have also signed an agreement to jointly develop 125cc bikes, which will be manufactured at Bajaj’s Chakan plant near Pune. First products of the joint development projects will enter the European markets by end of this year, and by middle of 2011, the products will come to India.

Bajaj will distribute KTM products in India and in markets like Srilanka, Bangladesh, Indonesia and Africa.

Suggested News

Here Wego!

Hosur-based two-wheeler manufacturer TVS Motor Company has launched its much-awaited Wego scooter

1 min read•16 Apr '10

Staff Writer

Yamaha YBR 110 launched

After providing the premium bike segment with unique touches of speed and style in the R15, FZ and Fazer, Japanese motorcycle giants Yamaha have now stuck another foot in the commuter motorcycle doorw...

1 min read•15 Apr '10

Staff Writer

Scoop! TVS Max set for comeback

TVS Motor is set to rev up competition in the hinterland bike markets! And it will bring back one of its strong brands - Max R, to fight competition from Hero Honda and Bajaj

1 min read•2 Apr '10

Staff Writer