Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

KTM Sportmotorcycles AG to roll out Husqvarna bikes from Bajaj Auto plant

Nov 22 2013, 13:32 IST
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It also is gearing up to launch a sports model under KTM RC series that will hit the market by the end of next year. Reuters It also is gearing up to launch a sports model under KTM RC series that will hit the market by the end of next year. Reuters
SummaryKTM will use its partner Bajaj Auto's Chakan plant to roll out the bike.

Austrian sports motorcycle maker KTM Sportmotorcycles AG plans to manufacture and launch Husqvarna bikes in India in the next two years.

The company will use its partner Bajaj Auto's Chakan plant to roll out the bike.

It also is gearing up to launch a sports model under KTM RC series that will hit the market by the end of next year.

"Our current focus is the KTM bikes, but in the next two years you will see the Husqvarna bikes coming from the Chakan plant," KTM Sportmotorcycles AG CEO Stefan Pierer told reporters here.

Earlier this year in January, Pierer, who owns a majority stake in KTM, had acquired Husqvarna from Germany's BMW.

On plans to launch more KTM bikes in India, Bajaj Auto Ltd (BAL) Managing Director Rajiv Bajaj said: "KTM has developed a full-fledged sports model under the brand RC. We will launch it by the end of next year."

The RC series will have more than one engine capacity and it will be manufactured at BAL's Chakan plant, Bajaj added.

Pierer also said by 2015, KTM may also bring its Duke 690 model to India.

In 2007, BAL had acquired 14.5 per cent stake in KTM and gradually increased it to 48 per cent. The two companies had joined hands to develop products and use the Indian firm's plant for manufacturing.

Under the KTM range, the partners sell Duke 200 and Duke 390 in India, while Duke 125 produced in India is exported to Europe.

When asked if BAL would go for a majority stake in KTM, Bajaj said: "We don't see any need for enhancing that...Our objective is to be a partner and not to take over KTM."

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