Bajaj to take controlling stake in KTM
Bajaj India , which already has a 30% stake in Austrian motorcycle manufacturer, KTM, is expected to hike its stake to as much as 90% in the near future. While full details on this acquisition are not available yet, Bajaj and KTM are said to be in talks to finalise the deal as soon as possible.
Bajaj may either increase its stake in KTM to 90% right away, or may first hike the stake to 51% and then, in a phased manner, up to 90%. Details on the final arrangement are expected to emerge over the next few days. This deal will give Bajaj a major foothold in the European bike market and also open up avenues for launching bigger sportsbike from the KTM line-up in India.
[Via: indiaautomotive]
Honda India Sells 21 Superbikes
Honda Motorcycle & Scooter India has been able to sell as many as 21 high end imported bikes, coming at a premium of Rs 12.5 lakh and Rs 9.5 lakh within three months of their launch in the country. The company eyes selling 100 such bikes in the current fiscal, mainly in the metros.
"We have been able to sell 21 of our super speed bikes within three months of their launch into the country," HMSI Head Sales Y S Guleria said. "We have seen the potential of these bikes in big cities like Mumbai, Kolkata, Bangalore, Chennai, Delhi and Pune and we aim to sell 100 units of these bikes in this fiscal," he added.
[Via: Motorbeam]
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