Bajaj Auto plans to drive in three more KTM models by March-end

KTM AG, the Austrian maker of motorcycles partly owned by Bajaj Auto, plans to launch three new models and a few refreshes of existing ones this financial year.

On Monday, the company, in which Bajaj owns 48 per cent stake, entered the super-bike segment with the Duke 790. Priced at Rs 863,945, the model went on sale from 460 Bajaj Probiking showrooms.

Notwithstanding slowdown in the broader two-wheeler market, Bajaj envisages sales of KTM motorcycles to grow by a third in 2019-20. It sold 50,000 units last year, said Sumeet Narang, president, probiking, at Bajaj Auto. He attributed the expectation to the