Bajaj Auto Ltd., the European arm of the India-based company and co-owner of KTM AG, appears to have secured a one-year loan of $632 million to keep KTM’s operations running. According to the insolvency plan agreed upon by the Austrian motorcycle manufacturer, KTM has until this coming Friday (May 23) to deposit approximately $600 million with the insolvency administrator. This loan is intended to ensure KTM can meet that financial obligation.
For now, it seems KTM has been saved — and can move forward!
