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Bajaj Auto inks pact with KTM AG to extend distribution network

11 Apr 2016 Evaluate

Bajaj Auto has entered into an agreement with Austrian bike maker KTM AG to extend its distribution network to embrace Indonesia, the biggest motorcycle market in South East Asia. The arrangement involves KTM branded Duke and RC motorcycles up to a displacement of 400 cc to be developed and assembled by the Austrian-Indian joint venture.

Motorcycles will be distributed through a chain of KTM dealerships to be managed by Bajaj. The aim is to expand the business in this relevant, growing and price sensitive market in the region.

Bajaj Auto is a $2.3 billion company founded in 1926. It is world’s fourth largest two and three-wheeler manufacturer. Bajaj Auto has three plants in all, two at Waluj and Chakan in Maharashtra and one plant at Pant Nagar in Uttaranchal.

Peers
Company Name CMP
Bajaj Auto 10020.00
TVS Motor Company 3988.00
Hero MotoCorp 5074.80
Eicher Motors 7050.00
OLA Electric Mobilit 35.96
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