 "KTM, KTM AG")
The restructuring plan for embattled European two-wheeler maker KTM AG, a wholly owned subsidiary of Pierer Mobility AG and backed by India’s Bajaj Auto, has been approved by creditors, clearing the way for production to ramp up by March 2025. Under the plan, creditors will receive a 30 per cent cash payout on their claims, signalling a significant haircut.
Bajaj Auto holds a 49.9 per cent stake in its Austrian partner Pierer Bajaj AG (PBAG) through its wholly owned subsidiary, Bajaj Auto International Holdings BV (BAIHBV), in the Netherlands. With KTM set to resume production, the brand’s share in Bajaj
