Bajaj Auto Limited has informed the Exchange regarding a press release dated February 27, 2026, issued by Bajaj Mobility AG, a step-down subsidiary of Bajaj Auto Limited, titled: Its wholly-owned subsidiary, KTM AG, strengthened its financial base through a successful refinancing, setting a clear course for growth.
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Bajaj Auto's step-down subsidiary KTM AG in Austria has signed a loan agreement for EUR 550 million (approximately Rs. 5,904.8 crore) with four international banks — J.P. Morgan SE, HSBC, DBS Bank, and MUFG Bank. The loan is unsecured, carries a 5-year term, and bears interest in the low to mid-single-digit range (EURIBOR plus margin). The proceeds will be used to fully repay the earlier EUR 450 million intra-group loan that Bajaj Auto International Holdings BV had extended to KTM AG in 2025 as part of its restructuring. KTM AG's operating performance has improved notably in H2 2025, with global retail sales up around 60% versus H1 2025 and inventory reduced by over 100,000 units.
This refinancing replaces group-level debt with cheaper, longer-tenure bank financing, strengthening KTM AG's balance sheet and reducing reliance on Bajaj Auto for funding. The fact that top-tier global banks lent EUR 550 million on an unsecured basis signals strong confidence in KTM AG's recovery, which is a positive for Bajaj Auto's overall group financial health.