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Bajaj Auto to Acquire Majority Stake in Bike Maker KTM
Hindustan Times West UP
|May 23, 2025
Bajaj Auto Ltd on Thursday said it intends to acquire a majority stake in financially troubled Austrian bike maker KTM through its wholly-owned subsidiary Bajaj Auto International Holdings BV, which has arranged a debt funding package of €800 million (about ₹7,765 crore).
NEW DELHI:
With this action and post-requisite approvals coming through, Bajaj will shift gears from being a dormant minority investor to a majority owner in the global KTM company, Bajaj Auto said in a statement.
The company will continue to accelerate KTM business that is run out of India under the joint development programme, where it develops, makes and sells in India as well as exports to 80 countries across the KTM network, it added.
This story is from the May 23, 2025 edition of Hindustan Times West UP.
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