Bajaj Auto gets European Commission's clearance for Pierer Bajaj acquisition
This story was originally published at 10:08 IST on 11 November 2025
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MUMBAI – Bajaj Auto Ltd. said Monday it has received clearance from the European Commission to acquire control over Pierer Mobility AG, the company said in an exchange filing. This approval will allow the company's wholly-owned subsidiary, Bajaj Auto International Holdings B.V., to acquire Pierer Industrie AG's 50.1% stake in Pierer Bajaj AG, which holds a 74.9% stake in Pierer Mobility AG, the parent company of KTM.
"Bajaj Auto International Holdings B.V. has just informed the company (Pierer Mobility AG) that on November 10, 2025 it has been notified by the European Commission that no in-depth investigation pursuant to Article 11 of Regulation 2022/2560 would be initiated and that the takeover may now proceed to completion as of November 11, 2025," the exchange filing said.
The Pune-based auto major reported a net profit of INR 24.80 billion on a revenue of INR 149.22 billion for the September quarter. At 0955 IST, shares of the company traded 0.2% lower at INR 8,753.5 on the National Stock Exchange. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by P. Madhu Kumar
Edited by Tanima Banerjee
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