Italian bikemaker MV Agusta inks strategic pact with Austria's Pierer Mobility which owns KTM. India's Bajaj Auto has a 49% stake in Pierer Mobility's parent company PTW Holding AG.
Italian sportsbike manufacturer MV Agusta and Austrian two-wheeler manufacturer Pierer Mobility have agreed on a strategic cooperation.
Within the framework of this strategic partnership between the two European motorcycle manufacturers, KTM AG, which is owned by Pierer Mobility, will provide MV Agusta with supply chain support and take over the purchasing. Furthermore, in the course of this cooperation, MV Agusta will partly distribute its product range via Pierer Mobility’s worldwide distribution network.
In November 2022, KTM AG will acquire a 25.1% stake in the Varese-based MV Agusta Motor by way of a capital increase. Given that Bajaj Auto owns a 49.9% stake in PTW Holding AG, the parent company of Pierer Mobility, will MV Agusta make a comeback into the Indian two-wheeler market?
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