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Bajaj Hikes KTM stake
Bajaj auto seems a little bullish over its stake in KTM.
Its Amsterdam based subsidiary, Bajaj auto International Holdings BV, recently picked up another 59,500 shares in KTM Power Sports AG, hiking its equity to 25.86 percent in Austrian bike manufacturer, compared to the 14.5 percent last year when both companies came in to a technology exchange and manufacturing contract.
MD Rajiv Bajaj has been on the KTM board of directors since last year and both companies are working in synergy to designand manufacture 125cc and 250cc motorcycles in India for sale in Europe as well as the domestic market.
Source - Overdrive
And still the shit is there they just delaying the launch of Kawasiki Ninja 250R and KTM in Indian Market.
Its Amsterdam based subsidiary, Bajaj auto International Holdings BV, recently picked up another 59,500 shares in KTM Power Sports AG, hiking its equity to 25.86 percent in Austrian bike manufacturer, compared to the 14.5 percent last year when both companies came in to a technology exchange and manufacturing contract.
MD Rajiv Bajaj has been on the KTM board of directors since last year and both companies are working in synergy to designand manufacture 125cc and 250cc motorcycles in India for sale in Europe as well as the domestic market.
Source - Overdrive
And still the shit is there they just delaying the launch of Kawasiki Ninja 250R and KTM in Indian Market.
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