Bajaj Auto Buys 14.5% Stake In KTM, Eyes For More

Bajaj_Auto_LimitedNew Delhi: Bajaj Auto Limited (BAL) is continuously driving to attain more and more success in the auto industry.

It’s another achievement by Bajaj Auto, which has bought 14.5 percent stake in Euro-KTM Power Sports AG, the second biggest European sports motorcycle maker, for about Rs 300-350 crore.

The recent investment has been made through BAL’s wholly-owned subsidiary Bajaj Auto International Holdings BV, Netherlands. Baja Auto will also be looking for another 5-10 percent share in the company (Euro-KTM Power Sports AG).

The company sources also told that BAL may also get a place on the KTM panel

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