Bajaj has swapped shares in KTM for a stake in parent Pierer Mobility. According to The Economic Times of India, Bajaj Auto has swapped its 46.5% stake in KTM for shares in parent company Pierer Mobility. It gets convoluted, as can be expected of high finance, but the bottom line equates to a 49.9% share of PTW Holding AG, which in turn holds a 60% share of Pierer Mobility AG (PMAG).
Prior to the deal, Bajaj had held 48% of KTM AG while PMAG held the other 52% in KTM. Now Bajaj indirectly gets a piece of the Husqvarna/GasGas pie (on paper only, the existing CKD and manufacturing deals with KTM remain intact). KTM entered the Indian market via a partnership with Bajaj back in 2012, an event commemorated by the launch of the KTM Duke 200.
While this may not mean anything to your dealership... yet, watch the global gambits to pay off in the future. In the past decade, India has supplanted China as the top two-wheeled market in the world. Read more at:
https://auto.economictimes.indiatimes.com/news/two-wheelers/motorcycles/bajaj-auto-swaps-shares-in-ktm-for-stake-in-parent-pierer-mobility/86633132