Indian Bajaj Auto buys 14.5% in Austrian KTM for rupees 3 billion

Pharma

Bajaj Auto has bought 14.5% stake in European sports manufacturer KTM for rupees 300 crore ($76.3 million), reports CNBC-TV18.

Bajaj Auto and KTM will jointly produce 125 cc and 250 cc bikes. Bajaj says this equity investment will not impact its ongoing relationship with Kawasaki. This arrangement will see Bajaj auto and KTM working together to 3 -4 models in the 125-250 cc categories. 20,000 units of the bikes co-developed by Bajaj and KTM will initially be exported to Europe and will be rolled out in the H1 of 2010.

KTM stake was bought through Bajaj Auto’s Netherlands subsidiary. KTM is Power Sports leading manufacturer of power sports vehicles and has strong brand presence in Europe and United States. It offers more than 23 motorcycles, ranging in engine size from 50cc to 950 cc and is the largest non-Japanese off road motorcycle manufacturer in the world. (moneycontrol.com)

ADVERTISEMENT

Farm, food industry confidence improves slightly in Q2 Analysis

Farm, food industry confidence improves slightly in Q2

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.