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Austrian bike manufacturer KTM has secured funding for its restructuring plan, with Indian company Bajaj Auto officially named as the main investor
Austrian bike manufacturer KTM has successfully secured funding for its restructuring plan with Indian company Bajaj Auto being named as the main investor, providing a €450 million loan to KTM AG. Additionally, Bajaj also granted €150 million to KTM’s parent company Pierer Mobility AG, marking the conclusion of KTM’s restructuring process initiated after entering self-administration last year due to significant debts. Stefan Pierer, KTM’s long-time boss who resigned as CEO earlier this year, has now also stepped down from the board of directors of Pierer Mobility AG. Gottfried Neumeister, who took over as KTM’s CEO, will continue in his role, as stated in a KTM release. The company, in partnership with Bajaj, aims to secure a total of €800 million to support its future endeavors while emphasizing that its existing sites, particularly the main plant in Mattighofen/Munderfing, will serve as the cornerstone for future success, maintaining its status as a significant employer in the region. The announcement did not reference KTM’s involvement in motorsport, raising uncertainties about its MotoGP program and the potential decision regarding participation in the upcoming regulations cycle starting in 2027, necessitating the development of a new bike featuring an all-new 850cc engine. Despite Bajaj’s prominence as India’s top motorcycle exporter and the world’s fourth-largest motorcycle manufacturer, its current international motorsport presence is considered limited.
