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Informist, Friday, Oct. 24, 2025

 

MUMBAI - Bajaj Auto Ltd. Friday said it has received approval from authorities in Austria to take control of Pierer Bajaj AG, the parent firm of motorcycle maker KTM AG. The Pune-based firm's Dutch arm, Bajaj Auto International Holdings BV, has been allowed to assume control without making a mandatory takeover bid to other shareholders of Pierer Mobility AG.

 

Bajaj Auto currently has a 49% stake in Pierer Bajaj AG, the company which controls Pierer Mobility AG. Bajaj Auto intends to acquire Pierer Industrie's remaining 51% stake, or 50,100 shares. Pierer Bajaj currently holds a 74.9% stake in Pierer Mobility. 

 

This acquisition will give Bajaj Auto full and sole control over Pierer Bajaj, and indirectly, control over Pierer Mobility and KTM. KTM is the manufacturer of offroad and street motorcycles which are sold under the brand names KTM, Husqvarna, and GASGAS.

 

"The Austrian Takeover Commission on 23rd October 2025 has confirmed the restructuring privilege for the acquisition of control by Bajaj Auto International Holdings B.V. with no obligation to make a mandatory takeover bid to the shareholders of PIERER Mobility AG," Bajaj Auto said in an exchange filing. 

 

Bajaj Auto sought at least nine approvals from various jurisdictions for this takeover. Of these, eight have gone through, and the company is awaiting one more approval from the European Commission and the Directorate Commission. 

 

KTM, which has partnered with Bajaj Auto since 2007, ran into financial troubles and applied for judicial restructuring last November. Bajaj Auto in May said it would acquire a sole controlling stake in Pierer Bajaj and secured a debt package to meet the liquidity needs of KTM. 

 

For the quarter ended Jun. 30, Bajaj Auto had reported a net profit of INR 20.96 billion on a revenue of INR 125.84 billion. Friday, its shares closed 0.3% higher on the National Stock Exchange at INR 9,076.50.   End

 

Reported by Anand JC

Edited by Akul Nishant Akhoury

 

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