Bajaj Auto, via BAIHBV, will increase its stake in KTM. It will transition from minority to majority owner. This move strengthens Bajaj's position in the motorcycle market. It also supports KTM's growth. BAIHBV secured €800 million in debt funding. This will address KTM's debt and boost operations. Bajaj aims to drive KTM's innovation and global expansion.
from Auto-Industry-Economic Times https://ift.tt/06KOUTv
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