Bajaj Auto plans to increase its stake in Austrian motorcycle maker KTM Power Sports by 25% to 30% over the next few months, said Managing Director Rajiv Bajaj. In November, Bajaj Auto acquired 14.5% of KTM for about $76 million, and subsequently increased that to 20.9%. “When we move into a more up-market two wheeler scenario, we will brand the vehicles as KTM, as that is what will be right for consumers,” Rajiv told Forbes.com.