Bajaj to buyout KTM
Posted at February 10th, 2010 under Auto News | 
Print This Post
Bajaj which holds 30% shares in KTM might soon become owner of the European bike major. The promoters of KTM have offered Bajaj to take 90% (incuding Bajaj’s 30% stake). KTM promoters are looking to sell out their 60% shares for a cash offer of Rs1000 crores. If the deal goes through, Bajaj could become a notable player in the global sports bike market. The deal will have impact in India as Bajaj can leverage the technology and quality engineering of KTM to build their bikes in India.
Source: ET
Loading ...
And guys this it the day that finally turned towards bajaj……..all other manufactures in india make urself ready to oppose bajaj…….bajaj rocks.
Although this will be a feather in the cap of Bajaj, it could also signal the fustration of KTM with the meddling of Bajaj in its internal affairs. They much have though “OK, so you think you can do a better job, do it and show us!”