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Bajaj Auto plans to invest up to €150 million in its Dutch subsidiary to possibly increase its stake in KTM AG.
Bajaj Auto, an Indian vehicle manufacturer, plans to invest up to €150 million (Rs 1,364 crore) in its Netherlands subsidiary, Bajaj Auto International Holdings BV, to support investment opportunities.
This move may involve increasing its stake in the financially troubled Austrian motorcycle maker, KTM AG, in which Bajaj Auto holds a 49.9% stake through its subsidiary.
The investment will be made in multiple tranches until March 2026, as needed.
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Bajaj Auto tiene previsto invertir hasta 150 millones de euros en su filial holandesa para posiblemente aumentar su participación en KTM AG.