KTM maker rejigs Bajaj partnership
Financial Express Mumbai|February 13, 2024
THE INDO-AUSTRIAN ALLIANCE of Bajaj Auto and Pierer Mobility (formerly known as KTM) will restructure their operations in India. This will be done in tandem with the expansion of its product portfolio and positioning India as the exclusive manufacturer of entry KTM bikes, globally.
SWARAJ BAGGONKAR
KTM maker rejigs Bajaj partnership

Stefan Pierer, CEO, Pierer Mobility, said, "Our strong alliance with Bajaj has lasted for 17 years. For the upcoming year, we have agreed to separate the distribution part of the organisation for KTM in India." Pierer, who was speaking in a post earnings call, added that the new set-up will push new kinds of products into the country, including off-road bikes (for example, dirt bikes), which are currently not sold in India.

"We are going to appoint an MD (managing director) with experience (and) with knowledge of the off-road segment because the Indian market is the fastest growing in the premium segment," Pierer added.

India is the third-biggest market for KTM in the world after Europe and North America.

Diese Geschichte stammt aus der February 13, 2024-Ausgabe von Financial Express Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der February 13, 2024-Ausgabe von Financial Express Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS FINANCIAL EXPRESS MUMBAIAlle anzeigen
Shyam Benegal, pioneer of parallel cinema, dies
Financial Express Mumbai

Shyam Benegal, pioneer of parallel cinema, dies

JUST WHEN MAINSTREAM Hindi cinema stepped into an exciting new phase with the rise of the 'Angry Young Man' in the '70s, Shyam Benegal made a stunning debut as the writer and director of Ankur (The Seedling, 1974), propelling the parallel cinema movement in India.

time-read
2 Minuten  |
December 24, 2024
Financial Express Mumbai

The year AI took centrestage

The debate if it is a blessing or a Frankenstein rages on

time-read
4 Minuten  |
December 24, 2024
Financial Express Mumbai

US launches new probe into legacy Chinese chips

The effort could offer Trump a ready avenue to begin imposing some of the hefty 60% tariffs he has threatened on Chinese imports

time-read
1 min  |
December 24, 2024
Financial Express Mumbai

UK insurer Aviva to shed up to 2,300 jobs in $4.65-billion deal

British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday, creating the UK's largest home and motor insurer.

time-read
2 Minuten  |
December 24, 2024
Financial Express Mumbai

Now, Musk wants you to pay 'X-tra' as premium plans

Marks the largest price increase since acquisition

time-read
1 min  |
December 24, 2024
Govt schools can fail class 5, 8; no-detention policy ends
Financial Express Mumbai

Govt schools can fail class 5, 8; no-detention policy ends

THE CENTRE HAS scrapped the no-detention policy in schools governed by it, including Kendriya Vidyalayas and Jawahar Navodaya Vidyalayas, allowing students of Classes 5 and 8 to be held back from the ongoing academic session.

time-read
1 min  |
December 24, 2024
In a note to India, Bangladesh demands Hasina's extradition
Financial Express Mumbai

In a note to India, Bangladesh demands Hasina's extradition

Dhaka insists on Hasina's trial, India declines comment

time-read
2 Minuten  |
December 24, 2024
Awfis Space Solutions: Sustained growth outlook
Financial Express Mumbai

Awfis Space Solutions: Sustained growth outlook

35% CAGR in seat additions during FY24-27 projected

time-read
1 min  |
December 24, 2024
Emami: Operating margins to improve
Financial Express Mumbai

Emami: Operating margins to improve

Bolt-on acquisitions to drive double-digit revenue growth

time-read
1 min  |
December 24, 2024
Siemens: Weak outlook on HVDC, Rlys
Financial Express Mumbai

Siemens: Weak outlook on HVDC, Rlys

Cuts EPS forecast for FY25E/ 26/27 by 9%, 15% & 11%

time-read
2 Minuten  |
December 24, 2024