Bajaj Auto increases its stakes in KTM to 47%

| April 4, 2012 | 1 Comment

Good news for Indians and particularly Bajaj fans. Bajaj Auto recently increased its hold in Austrian bike manufacturer KTM by 6.3%. This simply means that Bajaj Auto now has a 47% stake in the popular bike manufacturing company. This also means that Bajaj is now the 2nd largest stake holder in KTM.

Stefan Pierer and Rudolf Knuenz have 51% share in KTM. While Bajaj is certainly aiming to play a majority role at KTM, the Indian manufacturer has made it clear that it won’t be seen becoming a majority shares holder in KTM any time soon.

Bajaj Auto had first purchased 14.5% stakes in KTM in 2007 and has been advancing ever since.

Unlike what is being thought by some in Indian automobile journalism industry, it is not that Bajaj is looking forward to use tech from KTM. Instead, both the partners are working together to develop new motors and platforms.

 

 

 

Category: News

About the Author ()

Yatharth is an automotive design student and a keen follower of the happenings in the Indian automotive industry. He has been handed the task of keeping you abreast with the action in the Indian motoring sphere on a daily basis. He skips his breakfasts and ditches his girlfriends for the noble job.

Comments (1)

Trackback URL | Comments RSS Feed

  1. Why not majority…buy it out completely BAL!

  2. Why not majority…buy it out completely BAL!

Leave a Reply