KTM

• KTM is an Austrian motorcycle, bicycle and motorsports brand which is co-owned by Indian manufacturer Bajaj Auto and Austrian manufacturer Pierer Mobility AG. It traces its foundation in 1934 as Kronreif & Trunkenpolz Mattighofen. Today, Pierer Mobility AG operates as the manufacturer of KTM branded motorcycles; whereas KTM Fahrrad AG operates as the manufacturer of KTM branded bicycles.

Early years:

In 1934, an Austrian engineer Johann (Hans) Trunkenpolz (1909–1962)set up a fitter's and car repair shop[6] in Mattighofen. In 1937, he started selling DKW motorcycles, and Opel cars the following year. His shop was known as Kraftfahrzeug Trunkenpolz Mattighofen, but the name was unregistered. During the Second World War, his wife took care of the business which was thriving mainly on account of diesel engine repairs

The company secured its first racing title in the 1954 Austrian 125cc national championship.In 1956, KTM made its appearance at the International Six Days Trials, where Egon Dornauer won a gold medal on a KTM machine.

KTM Motorcycles:

In September 2021, KTM AG went though a corporate restructuring through a complex share swap deal between Pierer Group and Bajaj Auto Limited.As of November 2023, the apex holding company for KTM in motorcycles and affiliated business was Pierer Industrie AG, which owns 50.1% stake in Pierer Bajaj AG, wherein Bajaj Auto Limited holds the remaining 49.9% stake. Pierer Bajaj AG holds 78.16% stake in Pierer Mobility AG, which in turn holds 100% stake in KTM AG