Bajaj Auto to Acquire Majority Stake in KTM with €600 Million Infusion
In a landmark move set to reshape the global motorcycle industry, India’s Bajaj Auto has announced its plan to acquire a controlling stake in Austrian motorcycle manufacturer KTM AG. This strategic acquisition involves a significant financial commitment of €800 million (approximately ₹7,765 crore), with a fresh infusion of €600 million aimed at reviving KTM’s operations and solidifying Bajaj’s position in the international two-wheeler market. Background of the Bajaj-KTM Partnership Bajaj Auto’s association with KTM dates back to 2007 when it acquired a 14.5% stake in the Austrian company. Over the years, this partnership has flourished, leading to the joint development…