Bajaj Auto to Acquire Controlling Stake in KTM, Infuses €800 Million to Revive Operations

Bajaj Auto Limited, through its subsidiary Bajaj Auto International Holdings BV (BAIHBV), intends to take control of the KTM business in Austria, subject to necessary regulatory approvals. This move comes as Bajaj aims to shift gears from being a dormant minority investor to a majority owner in the global KTM company. Simultaneously, BAIHBV has arranged a debt funding package of €800 million to enable the continuity of the KTM business, pay off approved creditor quotas, and infuse funds into the company to revive its operations and working capital cycle. This strategic intervention addresses KTM’s acute liquidity challenges and sets a path for operational restructuring of the business.