Bajaj Auto to Take Control of KTM in €800 Million Deal

Bajaj Auto, an Indian company, is taking over KTM, an Austrian motorcycle maker.

KTM, which makes motorcycles like KTM and Husqvarna, was having money problems.

Bajaj Auto is giving KTM €800 million to pay its debts.

This will help KTM keep making and selling motorcycles.

Bajaj already owned some of KTM and is now going to control more of the company.

KTM had to reorganize and will be working with the court to fix its debt problems.