On Friday, Bajaj Auto, a two -wheel -wheel -wheel -wheel -wheel -live manufacturer, said it would pump 1,364 rupees or 150 million euros in its branch in the Netherlands, Bajaj Auto International Holdings Beef, the Netherlands.
According to the regulatory deposit by car specialization, the investment will be either in the form of capital/loan from its shares – convertible or otherwise, as it may be determined in time, in one or more segment.
Bajaj Auto International Holdings BV has a 49 % stake in Austrian biking maker KTM. Pierer Mobility Group has the remaining session in the Austrian bicycle maker. On November 29, 2024, KTM announced an emergency restructuring.
“KTM AG is in the process of implementing restructuring measures due to high financing needs. Pierer said in a statement in November:” The KTM AG administration assumes that it will not be possible to secure the necessary temporary financing in a timely manner. ”
It is worth noting that Pierer Mobility Group had earlier said in the investor update that it was looking for a “long -term restructuring of KTM”.
“In addition to liquidity securing, the Executive Council seeks to restore KTM AG on a stable operating and financial basis. On the background of a difficult economic environment, long -range operational restructuring is provided forward to reduce stocks in both KTM AG and the level of the agent to a sustainable economic level by reducing Pierre Mobility Ag said.
The restructuring process will end in February 2025.
Bajaj Auto – KTM’s partnership dates back to 2007 when Bajaj Auto International Holdings BV (Baihbv) chose a 14.5 % stake in KTM Power SPORTS AG and then launched the brand in India. Baihbv gradually increased its share to 48 %. In 2021, the contribution was simplified when Baihbv replaced 46.5 % of its detention for 49.9 % of the PTW Holding AG (KTM Group’s mother company).
Nowadays, Bajaj Auto manufactures the small motorcycle KTM & Husquvarna at the Chakan Factory.
It is worth noting that Bajaj Auto had a setback in KTM exports in the quarter of October to December. We had a little setback on KTM exports. The KTM issue worldwide is known … We had to take great success in export sizes this time. “We have followed a cautious approach because we did not want to give up the ability to recover the money that was supposed to continue to export,” said Denish Thabar, financial manager of Bajaj Auto during a post -profit call.