Highlights

• Bajaj now owns 74.9 percent of Pierer Mobility AG the parent company of KTM Husqvarna and GasGas

• Pierer Group officially exits KTM management and operations

• PBAG renamed Bajaj Auto International Holdings AG PMAG renamed Bajaj Mobility AG

• Full control allows Bajaj to decide KTM bike launches global strategy and operations

Bajaj Acquires KTM Parent Company

Bajaj Auto has completed the acquisition of full control over KTM’s parent company marking a major milestone in its 17-year partnership. The deal gives Bajaj total authority over KTM Husqvarna and GasGas and officially ends Pierer Group’s involvement.

Bajaj Auto International Holdings BV BAIH purchased all 50,100 shares of Pierer Bajaj AG PBAG from Pierer Industrie AG PIAG. This makes PBAG a fully owned subsidiary of Bajaj Auto while giving Bajaj 74.9 percent ownership of Pierer Mobility AG PMAG the parent of KTM brands.

Key Changes Under Bajaj Leadership

• PBAG has been renamed Bajaj Auto International Holdings AG to reflect Bajaj’s ownership

• PMAG is now Bajaj Mobility AG consolidating KTM brands under one roof

• Complete exit of Pierer Group from supervisory and management boards ensures smooth leadership transition

KTM Operations Now Fully Controlled by Bajaj

With the acquisition complete KTM AG and PMAG are now step-down subsidiaries of Bajaj Auto. This gives Bajaj full control of global strategy production and motorcycle launches.

The deal received Austrian authority approval in October 2025 and allowed Bajaj to proceed without a mandatory takeover bid. Bajaj has already started restructuring KTM’s operations and management to bring efficiency and streamline global operations.

What This Means for KTM and Global Motorcycling

Bajaj’s ownership is set to transform KTM’s global presence. Key advantages include:

• Improved production efficiency and cost management leveraging Bajaj expertise

• Faster decision-making on new bike launches and market strategies

• Stronger international expansion and innovation in premium motorcycle segment

This acquisition marks a historic moment for KTM under new stable leadership. Bajaj now drives the future of KTM combining Indian operational excellence with Europe’s premium motorcycle legacy.