Bajaj Auto takes full control of Pierer Bajaj, renames entities

Bajaj Auto Limited (BAL), through its wholly owned subsidiary Bajaj Auto International Holdings BV (BAIH), announced the completion of its acquisition of all 50,100 shares of Pierer Bajaj AG (PBAG) from Pierer Industrie AG (PIAG) on November 18, 2025. This transaction grants BAIH sole controlling stake in PBAG, establishing a controlling stake in PIERER Mobility AG (PMAG) and KTM AG (KTM).

Following this acquisition, BAIH now holds 100% of PBAG's total shareholding and, through PBAG, will hold approximately 74.9% in PMAG/KTM. This makes PBAG a wholly owned subsidiary of BAIH and, in turn, a step-down subsidiary of BAL, effective November 18, 2025. PMAG/KTM have also become step-down subsidiaries of BAIH and BAL.

The transaction marks the exit of the Pierer Group from PBAG, PMAG, and KTM. Key changes include the renaming of Pierer Bajaj AG to Bajaj Auto International Holdings AG, and PIERER Mobility AG to Bajaj Mobility AG. Additionally, the supervisory boards and management boards of PBAG, PMAG, and KTM will be reconstituted.