Mattighofen/Wels – The Indian vehicle group Bajaj has taken over all shares in the previous joint venture Pierer Bajaj and thus indirectly the majority in KTM parent Pierer Mobility. On Tuesday, the shares of Pierer Industrie were transferred to Bajaj, making Bajaj also the controlling majority shareholder of Pierer Mobility AG with 74.9 percent, it announced on Wednesday night.
