KTM future looks bright as investment secured
By Team TMX on 23rd May 25
.jpg)
KTM has announced that the company has been able to expand its relationship with Indian motorcycle, scooter and rickshaw manufacturer Bajaj and secure them as a long-term investor. This will enable KTM to pay off a portion of its existing debts and resume manufacturing at their base in Austria.
"Today we have been given the opportunity to continue the history of KTM. Together with our long-standing partner Bajaj, we were able to work out a strategy that will enable us to raise a further 600 million euros for our new start in addition to the 200 million euros already made available," says Gottfried Neumeister, CEO, KTM AG.
"The existing sites - in particular our main plant in Mattighofen/Munderfing - will remain the basis for our future success. This means that we will continue to be an important employer for the entire region. In view of this new, second opportunity, we at KTM feel deep gratitude and humility towards all those within and outside our group of companies who have made it possible.
"I would also like to take this opportunity to thank Stefan Pierer on behalf of all those who have accompanied us along the way. He laid the foundation for one of the world's best-known motorcycle brands, which has a unique community."
