Triumph Motorcycles has announced plans to sell its motorcycles in India in 2012, becoming the latest manufacturer to enter the world’s second largest market. Triumph has appointed Ashish Joshi as managing director for its operations in India. Joshi is the former head of European operations for India-based Royal Enfield. According to a report from Dow […]
Bajaj Auto Owns 25% of KTM
Number may increase in near future
In India, Bajaj Auto is a major player in two and three-wheeled vehicles. They originally purchased a 14.5 percent stake in KTM last year, which was increased to 20.9 percent earlier this year and has now officially reached 25 percent. The companies have been working together to develop high-efficiency bikes, sourcing for production and the assembling of KTM bikes in India for export to Europe under KTM branding. The commuter version on the same platform in India resides under the Bajaj brand.
Bajaj has also invested 35-240 million Euros developing two platforms, which will be commercially launched by 2010 in India. Without giving official details, the Indian company is planning to increase its stake even more.