On November 29, 2024, KTM filed for bankruptcy, citing its inability to take on debts that had fallen to billions of euros. The company was accumulated through the acquisition of MV Agusta and investment in the MotoGP team. At about the same time, motorcycle sales collapsed in Europe. As a result, stocks are expanding.
Bajaj Auto €150 million at Bajaj Auto International Holdings on February 21, 2025. Of this, it will be 50 million euros in loans to KTM AG to resume operations. On February 25, KTM creditors approved a restructuring plan that requires the filing of a cash quota of 548 million by May 23.
On March 17th, KTM resumed production at its factory based in Matthew Goffen, Austria. Then, on March 31 and April 3, the company received two tranches of EUR 50 million each from Bajaj Auto International Holdings on convertible bonds.
On May 15th, we went to Bajaj Auto International Holdings. immediately,.
Overall, Bajaj Auto has injected KTM 200 million euros since bankruptcy. KTM will fund a cash quota of 548 million euros and will require a total of 800 million euros to increase production.
