Rajiv Bajaj, Managing Director of automobile major Bajaj Auto , said the company is awaiting the final approval for its planned majority stake in KTM AG, which is expected next month.

“We are waiting now for the key approval of the takeover commission. We understand that this may be forthcoming in November,” Bajaj said. Once cleared, Bajaj Auto’s stake will rise to 76%, marking a shift from being a minority partner to taking charge of the company.

Bajaj described how years of operational and strategic missteps led to KTM’s financial troubles. “We were all taken by surprise. Most of the industry was quite shocked at how rapidly this thing developed,” he said. He attributed KTM’s decline to what he called three kinds of “greed” - operational, strategic, and governance. “KTM kept producin

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