Bajaj takes management at KTM
Bajaj Auto B.V. is now the only real proprietor of Pierer Bajaj AG and, in a single day, held a unprecedented normal assembly that has authorised the change of the corporate’s authorized title from PIERER Mobility AG to Bajaj Mobility AG.
The composition of the Supervisory Board of the long run Bajaj Mobility AG has additionally been modified. The nominees of Pierer Industrie AG have stepped down. Pradeep Shrivastava, Government Director at Bajaj Auto, and Vienna primarily based legal professional, Dr. Wolf Gordian Hauser have been appointed as new members of the Supervisory Board, becoming a member of Dinesh Thapar and Srinivasan Ravikumar who assumed their positions on the Supervisory Board earlier.
Bajaj Auto has been carefully related to KTM since 2007 and secured the Firm’s continued existence in Could 2025 with a money injection of €800 million, marking a transparent dedication to the way forward for the KTM enterprise.
“With Bajaj as our mother or father firm, we now have a powerful business knowledgeable with a worldwide presence, who has been with KTM for a few years now and due to this fact understands our enterprise, model and merchandise. Bajaj’s strengths and KTM’s experience complement one another completely. We need to leverage these synergies to deliver KTM again to the highest,” says CEO Gottfried Neumeister, after the profitable completion of the deal, including: “KTM will stay an Austrian firm with impartial administration that performs a pioneering function in analysis and improvement, design, product high quality, and racing.“
Bajaj is the biggest exporter of two- and three-wheelers from India, accounting for half of the subcontinent’s motor business exports.
Whereas being a globally famend title within the automotive sector, Bajaj Auto designs, develops, and manufactures its merchandise in India, not only for the home market but additionally for abroad markets. It has over 1500 engineers at its state-of-the-art R&D facility in Pune, design centres in Spain and Thailand, extremely acclaimed TPM-certified factories and a not too long ago commissioned manufacturing website in Brazil.
Since mid-September 2025, Petra Preining has joined the administration group as CFO alongside Gottfried Neumeister, CEO, and Verena Schneglberger-Grossmann, CLO.
The assertion insists that long-awaited stability is now beginning to return to the corporate – for its staff and the broader ecosystem of companions.
Gottfried Neumeister
“All of them have carried the Firm by means of this troublesome time. Now it’s as much as us to consolidate and to regain their belief in us. The turnaround is in full swing. We’re making good progress not solely with restructuring and price discount, however we’ve got additionally begun the journey to extend gross sales with new and current loyal clients. We count on to promote a considerably greater variety of bikes to our sellers and importers within the second half of the 12 months in comparison with the earlier 12 months. On the identical time, stock discount is progressing higher than anticipated. By the top of the 12 months, international stock is anticipated to be down by 110,000 bikes.”
About PIERER Mobility AG (to be renamed quickly to Bajaj Mobility AG)
PIERER Mobility AG, which is able to function below the title Bajaj Mobility AG sooner or later, is the holding firm of KTM AG, one in all Europe’s main bike producers. With its premium manufacturers KTM, Husqvarna, and GASGAS, KTM AG is one in all Europe’s know-how and market leaders within the premium bike section. Along with bikes with combustion engines, the product portfolio additionally contains high-end parts (WP) and autos with modern electrical drives.
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