I saw this posted in Dealernews: Bajaj Auto boosts KTM stake to 47 percent Publish date: Apr 4, 2012 Email|Print| Share Del.icio.us Digg Reddit Facebook |Save|License Indian OEM Bajaj Auto has increased its ever-creeping share of Austrian marque KTM Power Sports to just over 47 percent. Bajaj bought another 6.3 percent of KTM recently with a purchase from one of the key stakeholders through an open market transaction, according to the Economic Times of India. A senior Bajaj official confirmed the purchase, but details are confidential. Bajaj Auto is the second-largest shareholder in KTM. Other large shareholders-Stefan Pierer and Rudolf Knuenz-hold more than 51 percent stake. Bajaj Auto and KTM are working on a few joint development projects. Bajaj-KTM introduced the KTM Duke 200 in India in January and are working to get a toehold in Brazil and the other emerging markets such as Malaysia and Indonesia. Cross Industries and Bajaj Auto entered a joint venture in 2008 to manufacture KTM 125cc motorcycles in India for sale in European markets. Posted by Holly Wagner ?????? Guscycle
