Bajaj Auto has officially taken complete control of KTM, marking a major milestone in its global expansion strategy. After securing approvals from European regulators, the Indian two-wheeler giant now holds 100% ownership of KTM’s parent entity, Pierer Bajaj AG (PBAG).
In a filing with the Securities and Exchange Board of India, Bajaj confirmed that the €800 million acquisition was completed on November 18, 2025. The transaction involved its subsidiary, Bajaj Auto International Holdings BV (BIAH), purchasing all 50,100 shares of PBAG, cementing full ownership.
With this acquisition, BIAH now owns 100% of PBAG and indirectly controls a 74.9% stake in PMAG/KTM through PBAG—effectively giving Bajaj full command over operations and strategic direction. This marks the culmination of a long-term partnership that began over 15 years ago and helped KTM return to prominence in the global performance motorcycle space.
Following the takeover, Bajaj has begun restructuring and realigning the organisation to reflect the new ownership. PBAG will now be renamed Bajaj Auto International Holdings AG, while PMAG will be rebranded as Bajaj Mobility AG. Management reshuffles across PBAG, PMAG, and KTM are also underway, preparing the brand for the next phase of growth under Indian leadership.
With KTM’s global performance positioning and Bajaj’s manufacturing scale, the combined group is expected to strengthen its footprint across international markets.
This development also signals fresh opportunities in product development, platform sharing, and technology upgrades as the companies push deeper into electric mobility and premium motorcycles worldwide.
