Budget-priced KTMs in the pipeline after Indian bike brand increases its stake in Austrian firm
India’s second-biggest motorcycle manufacturer Bajaj is continuing to increase its shareholding in Austrian bike maker KTM.
Amsterdam-based Bajaj Auto International Holdings BV, a wholly-owned subsidiary of the Indian parent group, acquired a further 59,500 KTM shares earlier this month. With its previously acquired stake built up through a number of similar open-market purchases, Bajaj now holds 1,782,500 voting shares - 25.86 per cent of the total equity in KTM Power Sports AG.
Bajaj already has active representation on KTM’s supervisory board, with the election of Bajaj managing director Rajiv Bajaj as a KTM director at the end of last year, following a technology exchange and manufacturing agreement between the two companies.
The European launch of a range of budget-priced KTM-branded commuter road bikes produced by Bajaj in India is understood to be imminent.
