ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

Bajaj Auto may offload KTM AG's 48 pc stake to its parent company

Mumbai (Maharashtra) [India], Mar 21 (ANI): Bajaj Auto International Holdings BV is in talks to offload its 48 per cent stake in Austria-based KTM AG to its parent company KTM Industries AG, which is Europe's biggest sport motorcycles producer.

ANI Mar 21, 2019 16:19 IST googleads

Bajaj Auto holds 48 pc stake in KTM AG

Mumbai (Maharashtra) [India], Mar 21 (ANI): Bajaj Auto International Holdings BV is in talks to offload its 48 per cent stake in Austria-based KTM AG to its parent company KTM Industries AG, which is Europe's biggest sport motorcycles producer.
"KTM Industries AG was informed by Pierer Industrie AG and Bajaj that they have started discussions on assessing the possibility of transferring Bajaj's 48 per cent stake in KTM AG to KTM Industries AG, with Austrian industrial investment group Pierer Group continuing to retain the controlling majority over KTM Industries AG," Bajaj Auto informed Indian stock exchanges on Thursday in regulatory filings.
At present, Pierer Industrie holds about 62 per cent of shares in KTM Industries, which holds nearly 51.7 per cent of shares in KTM AG. Bajaj holds the rest 48 per cent of KTM shares.
The talks come after Volkswagen’s plan to sell the iconic Ducati brand following the recent diesel-gate scandal. However, following opposition from the labour union, the company cannot go ahead with the sale.
Industry experts say that these issues are expected to be sorted soon and Bajaj could later in 2019 be the owner of Ducati, considered as ‘the Ferrari of the motorcycle industry.’
Pierer Industrie plans on making KTM the third largest motorcycle brand worldwide by 2020 after Honda and Yamaha. The company sold 2.7 lakh motorcycles last year, up from 2.4 lakh units in 2017.
"Pierer Industrie and Bajaj will now evaluate the proposals in detail. The transaction decision is targeted to be made in the second quarter of 2019," said Bajaj Auto.
KTM's concentration on emergent markets like India could ensure better profitability. Bajaj is a dominant player in the country with a vast dealership network.
Experts say the introduction of several homologation rules in the near future will make all manufacturers look to new markets to make a profit. (ANI)

Get the App

What to Read Next

Business

Nandita Desai Unveils a Unique Painting Exhibition on Vintage

Nandita Desai Unveils a Unique Painting Exhibition on Vintage

New Delhi [India], March 12: There is something quietly powerful about a window... It neither confines nor escapes. It simply allows us to look, to pause, to breathe between inner and outer worlds. In The Painted Window, multi-award-winning contemporary artist Nandita Desai turns this everyday architectural element into the soul of her fifth solo exhibition, transforming vintage and handcrafted windows into luminous works of art. Running from 16th to 21st March 2026 at the Kamalnayan Bajaj Art Gallery, Nariman Point, Mumbai, the exhibition brings together 50 artworks - windows that look outward at the world, and inward at memory and quiet reflection.

Read More
Business

Bajaj General Insurance Releases Guide to Lowering Car Insurance

Bajaj General Insurance Releases Guide to Lowering Car Insurance

Pune (Maharashtra) [India], March 12: Car insurance renewal is often seen as a routine administrative task, but it is much more than that. It presents an excellent opportunity to review your existing policy, assess whether your coverage still matches your needs, and take steps to optimise your premium. By understanding the key factors that influence car insurance costs, such as vehicle value, driving history, add-ons, and usage patterns, you can make informed adjustments that reduce expenses without compromising protection. Thoughtful planning and small, strategic choices at renewal can help you save money, maintain comprehensive coverage, and enjoy greater peace of mind on the road.

Read More
Business

Aarti Industries Limited Secures USD 150 Million Supply

Aarti Industries Limited Secures USD 150 Million Supply

Mumbai (Maharashtra) [India], March 12: Aarti Industries Limited (AIL), a leading global manufacturer of speciality chemicals, has entered into a multi-year supply agreement with a top global agrochemical innovator for the supply of a critical agrochemical intermediate used in crop protection formulations. This agreement elevates the current annual engagement to a structured supply contract through 31st March 2030, with a significant increase in volumes.

Read More
Business

Academic Leaders and VCs Explore AI's Impact on Higher Education

Academic Leaders and VCs Explore AI's Impact on Higher Education

New Delhi [India], March 12: As Artificial Intelligence reshapes industries, economies, and societies at unprecedented speed, Vice Chancellors across India are proactively preparing their institutions for the future. At I4IC 2026, a high octane Senior Leadership Workshop brought together top academic decision-makers to deliberate on AI's transformative impact on higher education.

Read More
Business

Satish Sanpal: The Indian Entrepreneur Driving ANAX Holding

Satish Sanpal: The Indian Entrepreneur Driving ANAX Holding

New Delhi [India], March 12: In the dynamic business landscape of the United Arab Emirates, Indian entrepreneurs have played a significant role in shaping several industries. Among them, Satish Sanpal, Founder and Chairman of ANAX Holding, has emerged as a prominent business leader whose ventures span real estate, hospitality, and financial services.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.