Bajaj Auto Limited — Important, 24-02-2025: Agreements

Bajaj Auto International Holdings BV (BAIH BV), a subsidiary of Bajaj Auto Limited, has provided a loan of Euro 50 million (approximately Rs. 455.56 crore) to Pierer Bajaj AG (PBAG). This funding supports PBAG’s involvement in the restructuring of PIERER Mobility AG, which owns KTM AG, a leading European motorcycle manufacturer. The loan is structured as a shareholder loan with terms allowing for early repayment. BAIH BV holds a 49.9% stake in PBAG, highlighting strategic ties within the group. The transaction, approved by the Audit Committee, indicates Bajaj's commitment to enhancing its international operations, with a positive outlook on potential returns from this investment. Investors should monitor this development closely as it may influence future growth and operational capabilities in the European market.