Overview
- KTM says its turnaround is advancing, forecasting higher sales in the second half and a year‑end reduction of global inventories by about 110,000 motorcycles.
- Bajaj exercised its option to acquire 50.1% of Pierer Industrie AG and now fully owns Pierer Bajaj AG, which holds 74.9% of the future Bajaj Mobility AG.
- Company leaders say KTM will remain an Austrian company with independent management, retaining R&D and specialized motorcycle production in Mattighofen.
- The plan keeps mass production in India to leverage cost advantages, with a Bajaj executive citing gearbox manufacturing as roughly 78% cheaper there than in Upper Austria.
- Regional officials report a clear commitment from Bajaj to preserve the KTM site in Austria, following meetings between Upper Austria’s delegation and CEO Rajiv Bajaj, and the EU approved the takeover in November.