Bajaj Auto buys 14.5% in KTM for Rs 300cr

Earlier posts:-
Bajaj chasing Ducati, Triumph
Bajaj likely to acquire Triumph


Bajaj Auto has bought 14.5% stake in European sports manufacturer KTM for Rs 300 crore, reports CNBC-TV18.

Bajaj and KTM will jointly produce 125 cc and 250 cc bikes. Bajaj says this equity investment will not impact its ongoing relationship with Kawasaki. This arrangement will see bajaj auto and KTM working together to 3 -4 models in the 125-250 cc categories. 20,000 units of the bikes co-developed by bajaj and KTM will initially be exported to Europe and will be rolled out in the first half of 2010

KTM stake was bought through Bajaj Auto's Netherlands subsidiary. KTM is Power Sports leading manufacturer of power sports vehicles and has strong brand presence in Europe and United States. It offers more than 23 motorcycles, ranging in engine size from 50cc to 950 cc and is the largest non-Japanese off road motorcycle manufacturer in the world.

Source Money control

Todays Hindustan Times also says that around May 2008 Bajaj would launch 450cc + Bikes from KTM.
So lets wait and watch. cheers

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