Bajaj, the Tata of the motorcycle world, has purchased an additional amount of KTM’s stock, raising its interest in the Austrian company to 25.86%. Bajaj had previously owned just over a 20% stake in the orange brand, and is indicating that it is not content with just its current amount.
This news comes with little surprise as Bajaj has telegraphed this acquisition and intent already when it gobble up an additional 14% of the company back in 2007. Rumors are now already forming as to whether Bajaj will try and consume a majority stake in KTM’s stock.