The corporate that makes KTM bikes is now bankrupt. However does this imply KTM bikes will disappear from India too?
KTM AG was the most important bike manufacturing firm in all of Europe.
They used to provide over 1,000 bikes in a single day and even surpassed manufacturers like BMW and Ducati.
However now, KTM has filed for chapter.
The corporate is now burdened with a debt of roughly ₹27,000 crore.
KTM’s market worth has additionally plummeted by 89% from its peak, now standing at simply ₹3,000 crore.
However how did KTM undergo such big losses?
Mainly, KTM’s gross sales within the US and Europe dropped considerably, resulting in main monetary losses.
The corporate now has solely 90 days to boost funds to save lots of itself from sinking fully.
India’s Bajaj Auto owns a 49.9% stake in KTM.
In India, Bajaj Auto manages KTM’s enterprise operations.
For now, Bajaj has acknowledged that KTM’s chapter may have no influence on its operations in India.
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