insolvency

Bajaj Auto Strengthens Hold on KTM, Injects €800 Million for Revival

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Bajaj Auto is making a bold move to secure a majority stake in KTM, the globally renowned Austrian motorcycle brand. Through its Netherlands-based subsidiary, Bajaj Auto International Holdings BV (BAIHBV), the Indian automaker is transitioning from a minority investor to a key decision-maker in KTM’s parent company, aiming to steer the brand out of financial […]

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Facing financial crunch, UK based Norton Motorcycle goes into administration; India roll out hit

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by Ketan Thakkar from https://economictimes.indiatimes.com Norton had set up an equally owned joint venture with Pune-based Kinetic Motoroyale in 2017 to start making mid-size motorcycles for India and Southeast Asian Markets by 2018. The project got delayed due to financial crunch at the UK-based entity. UK-based premium bike maker Norton Motorcycle’s India roll out may

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