Bajaj Auto to take majority stake in KTM
Bajaj Auto will acquire majority control of KTM through its subsidiary, BAIHBV, with a €800 million debt financing package. This will help KTM recover from financial troubles and give Bajaj a stronger say in the company's future. Bajaj also plans to improve KTM's governance and competitiveness through strategic alliances. This highlights Bajaj's global ambitions in the two-wheeler market.