Bajaj Auto Managing Director Rajiv Bajaj has attributed the financial and operational difficulties at Austrian motorcycle maker KTM to “corporate greed.” In an exclusive interview with CNBC-TV18, he said, “The single biggest reason for corporate demise is corporate greed, and that has unfortunately played out at KTM over the past 12 months.”

Bajaj Auto is awaiting approval from the European Union’s takeover commission, expected by November, to complete its acquisition of KTM . The move comes after KTM’s financial crisis last year, which forced the company to seek legal restructuring due to severe liquidity issues.

At the time, Bajaj Auto extended an €800 million support package, including a €566 million loan, to stabilise KTM. Once approved, Bajaj Auto’s stake will increase from a 49.9

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