Bajaj Auto Ltd has completed the acquisition of a majority stake in Austrian bike maker, KTM, in an 800-million Euro deal, it announced on Wednesday.
The company was awaiting regulatory approvals from European regulators to complete the transaction, for which it received a notification from the European Commission, it said earlier this month. It had already received eight out of nine regulatory approvals.
The company has also changed the name of Pierer Bajaj AG (PBAG) to Bajaj Auto International Holdings AG and PIERER Mobility AG (PMAG) – the holding company of KTM AG, the shares of which are listed on SIX Swiss Exchange in Zurich and Vienna Stock Exchange – to Bajaj Mobility AG, Bajaj Auto said in a regulatory filing.
“In view of the fulfilment of all the conditions precedent of the said Call Option Agreement, the transaction to acquire all 50,100 shares of PBAG by BAIH from PIAG, has been completed on November 18, 2025,” it said in its regulatory filing.
Further, Bajaj Auto said, “This has also consummated the acquisition of the sole controlling stake by the company through its wholly owned subsidiary, viz., BAIH in PBAG and thereby acquisition of a controlling stake in PMAG and KTM.”
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In May this year, Bajaj Auto had announced its intention to acquire a majority stake in KTM through its wholly-owned subsidiary, Bajaj Auto International Holdings BV, which has arranged a debt funding package of 800 million euro (about ₹7,765 crore), to shift from being a dormant minority investor to a majority owner in the global KTM company.
Prior to the transaction, Bajaj Auto held a 49.9 per cent stake in its associate – Pierer Bajaj AG (PBAG) in Austria. The remaining controlling stake in PBAG was held by Pierer Industrie AG, owned by entrepreneur Stefan Pierer.
While PBAG held a nearly 75 per cent stake in its subsidiary, Pierer Mobility AG (PMAG), the holding company of KTM AG, Bajaj effectively held 37.5 per cent in PMAG/KTM, through the above chain.
Now, PBAG has become the wholly-owned subsidiary of BAIH, and in turn, a step-down subsidiary of the company, effective from November 18, 2025, Bajaj Auto said.
PMAG/KTM have also become the step-down subsidiaries of BAIH and the company, effective from November 18, 2025, it added.
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