The second largest two wheeler company in India, Bajaj is joining an association with Austria’s KTM to launch a new bike. The bike may roll out in the next financial year in Europe followed by India, said Bajaj’s CEO for two wheelers. The bike will be assembled at Pune plant, to be marketed under KTM [images] brand at the price range of Rs1 lakh. Bajaj has shelled out 20 million euros to stake a claim in KTM for about 35.7%(earlier it had 31.9% stake).