-96.30 (-1.01%) Bajaj Auto, the second-largest motorcycle manufacturer is reportedly planning to manufacture street bikes for its Austrian partner, KTM AG, which has so far been selling only off-road bikes in the US, by next year. With this initiative, it will become the first Indian automobile company whose India-made motorcycle will be seen on US’ streets.
Automaker will manufacture the stylish, high-performance and race-oriented bike model, KTM Duke 390, at Bajaj’s Chakan plant, near Pune. Prior to this, auto major, which owns stake in KTM, successfully launched two models - Duke 200 and Duke 125 which were built and sold in India and exported to Europe and other markets.