Bajaj Auto To Raise Stake In Pierer Bajaj, Move Closer To Controlling KTM

Bajaj Auto Ltd said its Dutch subsidiary, Bajaj Auto International Holdings BV, has issued a call notice to Pierer Industrie AG for 26,000 shares valued at €26.3 million (₹2.57 billion), taking a step closer to acquiring KTM’s operations.

Following the transaction, the Dutch unit will hold a 75.9% stake in Pierer Bajaj AG, making it a subsidiary of Bajaj Auto, the company said in an exchange filing.

Bajaj Auto now plans to take sole control of Pierer Bajaj, which oversees the operations of Austrian motorcycle brand KTM — known for its offroad and street bikes under the KTM, Husqvarna, and GASGAS names.