what is the relation between ktm and bajaj
Bajaj Auto In November 2007, Bajaj Auto acquired 14.5% stake in KTM Power Sports AG (holding company of KTM Sportmotorcycles AG). The two companies have signed a cooperation deal, by which KTM will provide the know-how for joint development of the water-cooled four-stroke 125 and 250Â cc engines, and Bajaj will take over the distribution of KTM products in India and some other Southeast Asian nations.[18] As on 31 March 2013, Bajaj Auto held 47.96% stake in the company.