Ktm

Bajaj Auto plans KTM turnaround with India production shift, job cuts

Bajaj Auto, which is set to take majority control of KTM AG, is looking at various options, including moving more production to India and job cuts as part of plans to reduce costs at the financially troubled Austrian bike maker, a senior company official said on Friday. The Pune-based two and three-wheeler maker is expected to get required regulatory approvals and gain majority control over KTM AG by mid-November, Bajaj Auto Executive Director Rakesh Sharma told reporters in a Q2 earnings call. "We have made an application for taking majority control over KTM AG, and we have submitted our application. There are some nine approvals which are needed from various commissions in Europe, and eight of them have been secured," he said. He further said, "The ninth one should also be through, hopefully by mid-November, which is when the turnaround can start, to be very actively led and directed by us." Responding to a query on whether it made sense for KTM to continue manufacturing operatio

Bajaj Auto's premium segment revival needs more than just a kickstart

KTM's tune-up will decide whether automaker can regain its premium balance

Bajaj Auto to acquire majority stake in KTM with €600 mn fresh infusion

Bajaj Auto to become majority owner of KTM through fresh funding and debt restructuring support, aiming to revive the brand and strengthen its premium bike presence

Bajaj Auto to acquire Austrian motorcycle maker KTM in ₹7,765 crore deal

Bajaj Auto's Netherlands-based subsidiary BAIHBV will take control of Austria's KTM as part of a revival and debt restructuring effort approved by an Austrian court

Creditors greenlight two-wheeler maker KTM AG debt restructuring plan

KTM AG filed for court restructuring proceedings with self-administration on November 29, 2024

No impact on domestic sales of KTM, exports hit, says Bajaj Auto

Sharma stated that the Austrian bike maker KTM is in talks with banks and investors, including Bajaj Auto

Holding firm restructuring won't affect India biz with Bajaj Auto: KTM

Austrian bike maker KTM on Saturday said the judicial restructuring of its holding firm Pierer Mobility AG has no impact on business related to products co-developed with Bajaj Auto for Indian domestic market and select export markets. However, it is impacting business of Pierer Mobility AG/KTM AG that is run out of Austria, including exports from Austria, India and China to its key markets in the US and Europe. On November 26, given the immediate liquidity constraints, the Executive Board of KTM AG has decided to file an application for the initiation of judicial restructuring proceedings with self-administration over the assets of KTM AG and its subsidiaries KTM Components GmbH and KTM F&E GmbH, the company said in a statement. All other subsidiaries of KTM AG, in particular all sales companies, are not affected, it added. "It is to be noted that the aforesaid matter has a bearing on the business of Pierer Mobility AG/KTM AG that is run out of Austria," the company said. These .

KTM India launched a more accessible 390 Adventure V with low seat variant

KTM India is set to launch its new 390 Adventure V for short riders. The height of the bike significantly dropped to 830 mm from 855 mm

KTM chief says scope of electric vehicle mobility highly overrated

The head of Swiss sports bike maker KTM, which claims to be the world's No 1 premium motorbike brand and also sells tens of hundreds of e-bikes in Europe, is not confident of the capability of electric vehicles beyond a point and feels that optimism on this front is "highly overrated". KTM, which is primarily into high-end racing bikes, has a 50.1:49.9 manufacturing JV with Bajaj Auto. It will also be selling the electric model of the resurrected iconic Chetak scooters from the Bajaj stable in Europe from the first quarter of 2024. "The whole scope and capability of the concept of electric vehicle mobility is highly overrated. It's the result of mixing the laws of physics incorrectly and also by mis-reading the laws of energy," Stefan Pierer, the chief executive of Pierer Mobility that owns the KTM brand, told a select group of journalists at a media roundtable here. "I know it isn't easy to tell and convince the politicians about the sheer impracticality of attempting to make ...

KTM launches 2022 edition of 250 Adventure bike priced at Rs 235,000

Premium motorcycle maker KTM launched the 2022 edition of KTM 250 Adventure bike priced at Rs 2.35 lakh (ex-showroom Delhi)

Piaggio, KTM, Honda and Yamaha set up swappable batteries consortium

Piaggio said it had set up a consortium with Honda Motor Co., KTM AG and Yamaha Motor Co. to encourage the use of swappable batteries for electric motorcycles and light electric vehicles.

KTM extends service, warranty periods of all bike models till July 31

Premium motorcycle brand and a part of the Bajaj Auto Group KTM extended the service and warranty periods of all its bike models in the country till July 31 in view of the raging pandemic

Over three dozen superbikes to be launched in 2021 to meet pent-up demand

Italy's Benelli plans one launch every 45 days, Ducati to deliver 12 models

AlphaVector launches KTM's premium bicycle range starting at Rs 30,000

City-based start-up AlphaVector on Thursday announced partnership with European bicycle maker KTM to launch the latter's premium bicycle range in the country. With this partnership, AlphaVector launches and becomes the exclusive distributor of KTM bicycles in the Indian market, the company said in a statement. Priced between Rs 30,000-10 lakh, the premium segment will expand AlphaVector's portfolio beyond the recently launched e-bicycle (Meraki) and existing mountain, all-terrain, hybrid, fat-tire bikes in the mass-premium segment, it added. "Cycling in India has seen a paradigm shift and is evolving at a tremendous pace. The premium segment is witnessing traction with people adopting cycling as a lifestyle especially in the metro cities," said Sachin Chopra, co-founder and CEO of AlphaVector India Pvt Ltd. "We are excited to bring KTM bicycles to India to cater to this growing demand and not just deliver unmatched quality and performance but also an exceptional buying and ownershi

Bajaj Auto, Pierer Industrie AG start preliminary talks on stake transfer

This is to simplify the companies' shareholding pattern in premium bike maker KTM

Bajaj Auto launches KTM Duke 250 BS6 model with split headlamp in India

Since its entry into India in 2012, KTM has marked its presence across 365 cities and 460 stores. KTM has a customer base of over 2.7 lakh units

KTM offers additional warranty, assistance for bookings before Sept 20

With a customer base of over 270,000 lakh, India is the largest market for KTM globally

Toyota Kirloskar launches its first luxury MPV New Vellfire at Rs 79 lakh

The company said the first three shipments totaling 180 units have already been sold

Amid slowing market, Bajaj Auto aims to do a KTM with the Husqvarna

Firm plans to cement its position in the premium segment with the brand

KTM RC 200 new black colour model resembles RC 390 model: Details here

The black colour variant brings the younger sibling closer to the RC 390 model, at least in terms on outlook. The RC 200 is now available in two colours theme - white & orange and black & orange