Bajaj increases the stake in KTM to 47 per cent
Bajaj, India’s largest two-wheeler manufacturer is slowly carving its way into KTM stakes. The Indian manufacturer has now increased its stakes in Austrian manufacturer KTM by 6.3 per cent to take the total number of stakes to 47 per cent in the company. Although Bajaj Auto managing director Rajiv Bajaj has made it clear that Bajaj does not plan to take over the Austrian company and prefers to keep itself as a minority stakeholder.
Amidst buying the stakes, Bajaj and KTM are working very closely with each other sharing the technology between the two automotive power-houses. Recently, both companies worked together to bring out the KTM Duke 200 which is being manufactured at Bajaj’s Chakan plant at Pune.
KTM is also depending on Bajaj largely for their expertise in low cost manufacturing. Currently, Bajaj manufacturers KTM Duke 125 and Duke 200 in India and exports the same to the other countries.
KTM will also plans to bring the bigger bikes in India of more than 350cc as early as next year. A fully-faired version of KTM is expected in India and we can expect to manufacture the same in their plant in India.