
Bajaj Auto set to gain majority control in KTM with €800 million rescue package | Stock Market News
Source: Live Mint In a landmark move for India’s automotive sector, Bajaj Auto on Thursday announced plans to acquire majority control of Austrian premium motorcycle manufacturer KTM AG. The strategic shift comes through its wholly owned subsidiary, Bajaj Auto International Holdings BV (BAIHBV), as part of a comprehensive €800 million funding plan to stabilise KTM’s…