Bajaj Auto May Join KTM AG Restructure, Denies €566 Million Loan Report

Bajaj Auto Ltd said today it is still negotiating and exploring options to participate in the restructuring of Austrian motorcycle maker KTM AG, following a plan approved by KTM’s creditors.

The company addressed recent media reports claiming that Bajaj Auto International Holdings BV, its Netherlands-based wholly owned subsidiary, had secured a €566 million (₹54.31 billion) loan to fund KTM’s insolvency plan. Bajaj Auto is a co-owner of KTM AG.

KTM is reportedly under financial stress due to €3 billion debt, repeated plant shutdowns and falling demand. Bajaj Auto said its involvement is being finalised and it will make disclosures at an appropriate time.