Bajaj Auto Limited — JV/Acquisition, 19-11-2025: Acquisition

Bajaj Auto, through its subsidiary BAIH, has completed the acquisition of a 100% stake in Pierer Bajaj AG (PBAG). This landmark deal secures Bajaj Auto sole controlling interest, effectively translating to ~74.9% ownership in PIERER Mobility AG (PMAG) and KTM AG (KTM).

This strategic consolidation transforms PBAG, PMAG, and KTM into direct step-down subsidiaries. The move strengthens Bajaj Auto's global footprint and enables unified strategic and operational control. Expect brand name changes for PMAG to Bajaj Mobility AG and full reconstitution of boards, signaling deeper integration into Bajaj Auto's vision.