KTM, Austrian sports bike maker, announced that they would be launching their first motorcycle, a joint venture with Bajaj Auto Ltd, in India at the Auto Expo to be held in Delhi next year.
KTM, where Bajaj holds a 40% stake, has already launched the bike in the European market early this year.
"During the Delhi Auto Expo next year, we will be launching the first 200-cc Duke bike in India," said Cross Industries AG CEO and also the CEO of KTM Sportmotorcycle AG, Stefan Pierer.
He also added that the bike will be produced at the Pune facility of Bajaj Auto.
Pierer also quoted, "We expect to sell 25,000 to 30,000 units in India in the first year of launch. After one year, we will launch the 350-cc Duke in India."
"We have already sold nearly 7,000 units in Europe. We are targeting to sell about 10,000 units in Europe this year," he said.
"All the bikes that we produce in India will be global models. Now we are looking to export KTM bikes from Bajaj facility to other emerging markets like Thailand, Malaysia, and Brazil," Pierer said.
KTM has major plans and aims to sell 82000 units overall this year. He also added that they are aiming at selling 200,000 units by 2015.