KTM, which is primarily into high-end racing bikes, has a 50.1:49.9 manufacturing JV with Bajaj Auto. It will also be selling the electric model of the resurrected iconic Chetak scooters from the Bajaj stable in Europe from the first quarter of 2024.
In an exclusive interview with CNBC-TV18's Ronojoy Banerjee, KTM's CEO Stefan Pierer said that the company is also eying setting up new assembly lines in Columbia and Thailand as it seeks to hit total sales of 200,000 units globally in the coming three-four years
A week after the parent firm of Bajaj Auto's Austrian partner KTM auto announced its acquisition of BMW's off-road biking division Husqvarna for an undisclosed sum, the company's CEO Stefan Pierer told CNBC-TV18 that the deal is a win-win for both Bajaj and KTM.
Stefan Pierer, CEO of KTM, the man behind one of the most coveted motorcycle brands told CNBC-TV18 that despite tough conditions in Europe, the company has reported good sales figures. KTM has met their sales target of 100,000 units in the current year and have expanded its reach in the emerging markets, informed the CEO.
Global motorcycle manufacturer KTM is all set to cross sales of 100,000 units this year, posting its best performance ever due to its alliance with Bajaj. KTM global CEO Stefan Pierer explains on CNBC-TV18 the future launches that the company has lined up in India.
Austrian sports bike maker KTM today said it will launch its first motorcycle, jointly developed with Bajaj Auto Ltd, in India at the Auto Expo to be held in the capital early next year.