KTM Industries AG: KTM And Bajaj Agree On New Electric Vehicle Alliance
KTM Industries AG and Bajaj Auto Ltd. have decided to initiate a serial production project for PTW ("Powered two wheeler") electric vehicles in the power range of 3 to 10 kW (48 volt) at the level of KTM AG. This platform will support different product variants - scooters, mopeds, small mopeds, under brands of both partners. This further step in the field of electro mobility is a logical addition to the existing activities with PEXCO in the HUSQVARNA e-bike sector.
The serial production will start at Bajaj's production site in Pune, lndia by 2022. The necessary development budget is covered in the medium-term plans.
Currently no transfer of Bajaj-shareholding to KTM Industries AG level
The structural considerations that have been discussed between Pierer-Group and Bajaj-Group since the end of March 2019 regarding the possibility of transferring Bajaj's 48% stake in KTM AG to KTM Industries AG are not being further pursued for the time being. The successful cooperation with the Bajaj-Group, which has existed since 2007, will thus continue unchanged at the level of KTM AG.
Very strong market growth in Europe in the first quarter of 2019 (+20%)
Contrary to initial estimates at the beginning of the year, the retail market in Europe has developed very well. The European market as a whole grew by around 20% in the first quarter. KTM increased its market share to 12.3% with a registration increase of 22%. Particularly noteworthy are the registration numbers in Germany (+29%), France (+34%) and Spain (+20%). In addition to the outstanding increase in sales in India (+30%), the remaining markets are in line with expectations.