Bajaj to launch KTM bikes in India

New Delhi, Jan 10: Bajaj Auto Ltd today unveiled a range of Austrian motorcycle manufacturer KTM's bikes at the 9th Auto Expo 2008, some of which will be progressively introduced in the Indian market.

These models will be retailed through Bajaj's Probiking showrooms in key markets across the country. Bajaj Auto also announced the increase in its stake in 'KTM Power Sports AG', Europe's second largest sport motorcycle manufacturer to 20.89 per cent. Earlier, Bajaj had taken a 14.5 per cent stake in KTM through its 100 per cent Netherlands based subsidiary-Bajaj Auto International Holdings BV.

UNI