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.
Denne historien er fra February 13, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra February 13, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
IE THINC SEVENTH EDITION: OUR CITIES 'Delhi needs low-rise, high-density housing'
On solution for urban housing
Record heat pushed 2024 above 1.5°C global warming threshold
EARTH'S WARMING EXCEEDED 1.5 degrees Celsius on an annual basis for the first time in 2024, according to two major climate science agencies.
The world trusts us, we are for peace, says PM
UNDERLINING THAT \"THE world trusts us because there is no duplicity in us\", Prime Minister Narendra Modi said on Friday while \"we are not neutral... I will cooperate in every effort\" for peace, be it between \"Russia and Ukraine, Israel and Palestine\".
Oil prices rally 3% to touch 3-month high
OIL PRICES RALLIED nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest US sanctions package targeting Russian oil and gas revenue.
US slaps toughest sanctions targeting Russian oil revenues
IN BID TO GIVE UKRAINE, TRUMP LEVERAGE
'Any disputed structure should not be called a mosque'
AMID A SERIES of temple-mosque disputes, with several suits pending before various courts, UP CM Yogi Adityanath said on Friday that any disputed structure should not be called a mosque.
Court Tells CBI To Give Pre-Arrest Notice To Karti
A DELHI COURT on Friday directed the CBI to give a three-day prior written notice to Congress MP Karti Chidambaram in a fresh corruption case alleging he gave relief to a liquor company over the duty-free sale of its whisky.
SC Status Quo on Well at Sambhal Mosque
THERE WILL BE no worship or holy bath at the well near the Shahi Jama Masjid in Sambhal in Uttar Pradesh.
What's Qualcomm doing with Royal Enfield?
THE QUALCOMM booth at the Consumer Electronics Show 2025 in Las Vegas this week had an unusual display – a motorcycle by Royal Enfield, called Flying Flea C6.
Capable, but not yet aspirational
A fine scooter for business, but needs a rethink to attract personal-use buyers
