Bajaj Auto to Take Charge of Rebuilding KTM, Arranges €800 Million Debt Package

Bajaj Auto Limited, through its wholly owned subsidiary Bajaj Auto International Holdings BV (BAIHBV), intends to take control of the KTM business that is headquartered in Austria, subject to necessary regulatory approvals. BAIHBV has arranged a debt funding package of €800 million to enable the continuity of the KTM business by paying off the approved quota to the creditors in furtherance of KTM’s debt restructuring with the approval of the competent Court in Austria and infusing funds into the company to revive its operations and working capital cycle. This move positions Bajaj Auto as a driving force in shaping the future of one of world’s most admired high- performance motorcycle companies.