A consortium of international banks, including J.P. Morgan SE, HSBC, DBS Bank Limited, and MUFG Bank Ltd, has granted a refinancing loan of €550 million (about ₹5,904.8 crore at an assumed exchange rate of 1 euro = ₹107.36) to KTM AG, a step-down subsidiary of Bajaj Auto Limited via Bajaj Mobility AG.
In keeping with KTM AG’s current restructuring plan, the five-year unsecured loan will be utilised to repay an intra-group loan that was previously obtained from Bajaj Auto International Holdings B.V. In 2025, KTM AG secured €450 million in funding; now, with this refinancing, the company has a more solid financial footing on which to build its global operations and growth strategies. A period of substantial improvement in KTM AG’s operating performance has coincided with the refinancing. There was a 60% uptick in worldwide retail sales, a stabilisation of wholesale deliveries, and a decrease of over 100,000 units in inventory levels in the second half of 2025, following a difficult first half of the year.
After setting a new record with 29 championship trophies in 2025—the most successful racing season in the company’s history—KTM AG kept up its impressive form in motorsports by winning the Rally Dakar and claiming additional world championships in motocross and enduro.
The successful refinancing shows the strong confidence international banks have in KTM AG’s future,’ said Gottfried Neumeister, CEO of KTM AG. We gain stability, flexibility, and momentum for the years ahead with an unsecured loan of this magnitude.
