Bajaj buys 15% of KTM Dealernews

2 Май 2015 | Author: | Комментарии к записи Bajaj buys 15% of KTM Dealernews отключены
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Bajaj buys 15% of KTM

India’s Auto Ltd. has acquired percent of KTM Power Sports AG.

KTM provide the know-how in the joint of water-cooled four-… 125cc and engines, to be used as the basis for from both companies, and work to aid Bajaj in entering in Europe. Bajaj will over the sales of KTM products in and Southeast Asia, opening up the market for the Austrian producer.

KTM Sports AG is the parent company of AG and KTM-Sportcar GmbH. CROSS AG an investment vehicle run by KTM CEO Stefan and business partner Rudolf is the principal shareholder of KTM Power AG, with more than 50 of the voting rights.

Bajaj acquired the KTM stake its Dutch subsidiary, Bajaj International Holdings B.V. The says it paid three rupees ($76.19 million) for the made via the purchase of free-floating traded on the Vienna Stock

KTM Power Sports AG appreciates measure and sees in the cooperation a chance to strengthen the KTM Group in its growth strategy in a global Pierer said when Bajaj’s investment.

KTM’s brand positioning, differentiated and hyper performance have Bajaj to invest in this Bajaj CEO Rajiv Bajaj Bajaj is confident that cooperation represents a long win-win situation given the complementary and conflict-free nature of the in brand positioning, market product plans and supply structure.

KTM supplies 18 sales subsidiaries distribute product to 1,400 KTM dealerships worldwide. The KTM Group revenue of Euro 566.1 ($824.39 million) in its fiscal ended Aug. 31, 2007.

The worldwide motorcycle sales 90,306 units, up 7 percent the prior year.

The Society of Automobile Manufacturers (SIAM) 7,857,548 powered two-wheelers sold in India in 2006, up 7,052,391 units in 2005, units in 2004 and 5,364,249 in 2003. SIAM says models mostly sized 100cc and 200cc represented 83 or 6,553,664 units of the two-wheeler total in 2006.

Bajaj Auto Ltd. is second-largest producer of motorcycles than Honda Motorcycle India (HMSI) but larger TVS Motor Company Ltd. The is one of 27 subsidiaries of the Bajaj Group. Auto’s distribution network 50 countries, and the company claims a presence in Sri Lanka, Colombia, Mexico, Central America, and Egypt.

Bajaj Auto’s sales for the first seven of its fiscal year totaled units, down 11 percent 1,457,133 units during the seven-month period in the previous year. Exports for the period 363,594 units, up 45 percent 250,257 units in the prior

Bajaj Auto operates motorcycle production facilities in In April, the company opened a sq. ft. 600-employee plant capable of one million motorcycles annually.

Auto entered a technical with Kawasaki Heavy of Japan in 1986, a partnership helped Bajaj Auto India’s first real bike, the Kawasaki Bajaj .

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About 65 percent of Bajaj’s sales are in the 125-250cc motorcycle Bajaj launched its latest the XCD 125 DTS-Si, in September. The company almost 63,000 units of the in six weeks.

Various media citing unnamed sources, Bajaj also is talking Triumph Motorcycles about a and technical collaboration.

SIAM Supplied by the Society of Indian Manufacturers

About Bajaj

The Bajaj is among the 10 largest companies in and claims that its Bajaj unit is ranked as the world’s largest two- and three-wheeler by production figures. Nevertheless, the Group’s footprint stretches a wide range of industries, automobiles and motorcycles, home lighting, iron and steel, travel and finance.

Bajaj was by Jamnalal Bajaj a close and disciple of Mahatma Gandhi in at the height of India’s movement for from the British.

Jamnalal’s Kamalnayan Bajaj, took the reins of business in 1942 at the age of 27. Bajaj not only consolidated the but also diversified into manufacturing activities.

The Bajaj Group’s chairman and director, Rahul Bajaj, charge of the business in 1965. his leadership, Bajaj Auto climbed from Rs.72 to Rs.46.16 billion ($936

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