Latest news with #PiererMobility
NDTV
27-05-2025
- Automotive
- NDTV
KTM e-Duke Showcased For The First Time At Motohall
KTM is now set to diversify its portfolio with an electric lineup, as the brand has showcased the electrified version of the Duke. We first got to know about KTM's intention of bringing out the e-Duke three years ago when Pierer Mobility investor presentation revealed the idea. It is now that the prototype has been wrapped off at KTM's Motohall area in Australia. It draws most of its similarities from the Duke ICE. However, it does get a few electric-specific elements and design changes. The brand has been tight-lipped about the power unit details. However, as per the previous knowledge, KTM is likely to equip a 5.5 kWh battery pack to the e-Duke, which is set to work in collaboration with a 10kW electric motor. This unit is likely to give an exciting riding experience, however, it might compromise the overall range of the electric two-wheeler to no more than 100 km. The e-Duke has also received a few design tweaks in order to comply with the electric powertrain. It carries a MotoGP-inspired air dam that extends to the swingarm. The e-Duke is equipped with a minimalistic TFT screen, in contrast with the heavy and comparatively complex TFT seen in the Duke 390 and other KTM machines. While the e-Duke gets the above-mentioned electric-specific equipment, it has a lot of similarities with its ICE sibling. The e-Duke gets the same steel-trellis frame as seen in the KTM Duke 390. The wheel, brakes, rear monoshock, and aluminum swingarm seem to be borrowed from the 390 Duke. The KTM e-Duke carries the electric motor in the same place where the engine is supposed to be in the Duke 390, the motor is connected to a chain-drive system that propels the rear wheel.
Zawya
22-05-2025
- Automotive
- Zawya
India's Bajaj Auto to take control of KTM with $906mln debt deal
India's Bajaj Auto plans to take control of KTM AG as part of an 800 million euro ($906.2 million) debt package aimed at reviving the troubled Austrian motorcycle maker, it said on Thursday. The move will see the 'Pulsar' motorcycle manufacturer, which has been a minority investor in KTM since 2007, shift from a dormant stakeholder to a strategic lead, aligning governance and injecting fresh capital to restore KTM's operations. KTM AG, which develops and sells motorcycles under the KTM and Husqvarna brands and exports to around 80 countries, filed for court restructuring proceedings in November amid severe liquidity issues. Its creditors are set to receive 30% of their claims in cash by May 23. As part of the restructuring, Bajaj Auto has already infused 200 million euros in KTM and will deploy an additional 600 million euros to settle creditor claims and restart the business. Bajaj will acquire a controlling stake in its unit Pierer Bajaj AG and indirectly take control of KTM's parent, Pierer Mobility AG. KTM and Bajaj jointly develop products in India. Bajaj Auto holds a 37.5% stake in the KTM business via its unit. How much its stake would rise to after the deal was not immediately clear. Bajaj Auto did not immediately respond to a Reuters request for comment. ($1 = 0.8828 euros) (Reporting by Meenakshi Maidas and Indranil Sarkar in Bengaluru; Editing by Mrigank Dhaniwala)
Bloomberg
25-02-2025
- Automotive
- Bloomberg
Motorbike Maker KTM's Creditors Take 70% Hit in Restructuring
Creditors of Austrian motorbike maker KTM AG approved a restructuring plan that will write off 70% of the company's debt and resume production with the help of new investments. KTM will need to secure €548 million ($575 million) of funding by May 23 to pay creditors, according to the plan that was approved on Tuesday by a majority of creditors. An extended circle of shareholders will provide additional financing to resume production, the company's parent, Pierer Mobility, said in a statement.
