New Delhi, Nov 7 (PTI) Bajaj Auto, which is set to take majority control of KTM AG, is looking at various options, including moving more production to India and job cuts as part of plans to reduce costs at the financially troubled Austrian bike maker, a senior company official said on Friday.

The Pune-based two and three-wheeler maker is expected to get required regulatory approvals and gain majority control over KTM AG by mid-November, Bajaj Auto Executive Director Rakesh Sharma told reporters in a Q2 earnings call.

“We have made an application for taking majority control over KTM AG, and we have submitted our application. There are some nine approvals which are needed from various commissions in Europe, and eight of them have been secured," he said.

He further said, “The ninth one sho

See Full Page