Bajaj close to majority holding in KTM
Written on March 10, 2009 – 8:30 pm | by BikersUnite
Bajaj Auto has increased it’s share holding in KTM to 31.72 from 25.86 held previously. Bajaj has earlier too projected it’s intentions of obtaining majority holding in KTM which is one of the largest European motorcycle manufacturers.
A partnership between Bajaj & KTM is beneficial for both firms giving technical knowhow to Bajaj whoose largest capacity motorcycle is a 220cc engine based Pulsar 220 while giving KTM the benefit of large cash holdings and manufacturing facilities of Bajaj.
For future expansion, KTM is looking out towards south east asia and India while Bajaj is looking at increasing it’s presence in Europe and developing larger capacity motorcycles. The two are said to be developing a new family of 125, 250 and 500cc engines to use in road, enduro and supermoto applications. The 500cc engine is rumored to be a v-twin.
Bajaj is also rumored to be a key partner in the development of the KTM SUV and city cars.
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March 10th, 2009 at 10:37 pm