Bajaj Auto invests Rs 1,450 crore in bankruptcy-bound KTM

The Bajaj car producer of two-wheel and trailers on Friday, it will become 1,364 RS RS Pumping RS 364 Crore or 150 million euros in his Daughter BV, Netherlands.

According to the bus station’s regulatory presentation, investments will be in the form of equity / preference capital / loan, convertible or otherwise, as can be determined in time, one or more tranches.

Bajaj Auto International Holdings BV occupies 49% share in Austrian bicycle manufacturer KTM. The Pyrier Mobility Group keeps the rest of the shares in the Austrian bicycle manufacturer. On November 29, 2024, KTM announced the reconstruction of emergencies.

“KTM AG is in the process of reconstruction measures due to high funding needs. The management of KTM AG assumes that it will not be possible to ensure the necessary interim funding in time, “the Pyrier Mobility Group said in a November statement.

Especially since the mobility of the Pyrier was an earlier investor update to say he was looking for “Far-Refort Revinturing for KTM.”

“In addition to liquidity, the Executive Board seeks to back down KTM AG on a stable operational and financial basis. Against the background of the difficult economic environment, further operational reconstruction is pushed to both at the level of KTM AG and dealers at a stable level, significantly reducing Proyer Mobility.

The reconstruction process will be completed in February 2025.

Bajaj Auto – KTM Partnership dates since 2007, when Bajaj Auto International Holdings BV (BVBV) collected 14.5% shares in KTM Power Sports AG and later launched a brand in India. Baihbv gradually increased its share by 48%. In 2021, the stock was simplified when Baihbv exchanged 46.5% of his holding to receive a 49.9% share in PTW HOLDING AG.

Currently, Bajaj Auto produces small displacement of KTM & Husqvarna Motorcycles at its own non-core factory.

It is noteworthy that Bajaj Auto fell into December, Bajaj Auto in October. “We have had a little feedback on KTM exports. The KTM issue all over the world is known … We have had to hit our exports this time. We have a cautious approach, because we did not want to compromise the interconnection of money, which should have been if we continued to export, “said Dinesh Tatar, he said during Bazaj’s parking.