Bajaj Autos Offered 90% in KTM

The Austrian firm proposes another 60% share to the Bajaj Auto

The Pune based auto major has been offered to up its stake in KTM, by the Austrian performance bike maker from the recently acquired 30% to a controlled 90 % share. According to reports Bajaj has accepted the offer but it might initially only purchase another 21% which would give the Indian firm a controlling 51% stake. In due time, Bajaj plans to raise its percentage holding to the offered 90%. The current partnership between the firms has helped KTM to develop small capacity bikes including a 125cc and a 250cc bikes, both due for launch later this year. It will be interesting to see the impact on KTM, if and when, Bajaj does acquire majority stakes in the European firm, which is one of the biggest off-roading bike makers in the world.