The long-awaited introduction of the all-new 2009 Indian Chief motorcycle has finally arrived. After almost five years of, product development, testing, speculation and dealer development, Indian Motorcycle has announced that the first shipment of 2009 Indian Chiefs has been shipped to seven dealerships across the nation. For 2009, Indian will offer four distinct Chief models, […]
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.