There's good news for bike enthusiasts. Europe's largest motorcycle brand KTM, through its Indian partner Bajaj Auto, On Tuesday announced the launch of the highly anticipated KTM RC series of supersport motorcycles for India.
Bajaj is already in US, Canada, Japan as much as KTM is now coming to Asia or LatAm via Bajaj
Rajiv Bajaj
MD
Bajaj Auto
There's good news for bike enthusiasts. Europe's largest motorcycle brand KTM, through its Indian partner Bajaj Auto , On Tuesday announced the launch of the highly anticipated KTM RC series of supersport motorcycles for India.
The RC200 & RC390 are priced Rs 1.6 lakh and Rs 2.05 lakh, respectively (ex-showroom Delhi).
The KTM RC 390 is a superbike in its own right, with 43.5 Ps of serious power, 35 Nm of torque and a host of premium features like ABS by BOSCH, Metzeler tyres, upside down forks by WP and an aluminum swingarm.
The KTM RC 200 on the other hand would be the first motorcycle to bring full blooded Supersport design and looks in the 200cc motorcycle segment. The 200cc engine in the RC 200 produces 25 Ps of power and 19.2 Nm of torque. Twin projector headlamps at the front and a unique body integrated pillion seat give the RC 200 the superbike style while Moto3 inspired equipment like forged aluminum triple clamps, upside down forks and a steel trellis frame ensures that every ride on the bike is a race experience!
Leveraging Bajaj's cost-effective production base at Chakan, KTM expects to produce 65,000 units of its six models in 2014 -- which would account for 46 percent of KTM's 2014 global sales target of 1,40,000 units.
Through partner Bajaj, KTM is also rapidly expanding across Asia and Latin American markets.
Bajaj, on its part, said it is not looking to leverage its relationship with KTM to take its Indian brands into mature markets.
"If you're talking about USA, Canada, Europe and Japan, that is not on our mind. Every brand has its place. Managements go awfully wrong when they try to impose their will on the market. From my point of view, Bajaj is already in US, Canada, Japan as much as KTM is now coming to Asia or LatAm via Bajaj. So there is no need to ship out Discovers and Pulsars to those markets when we can do this," said Rajiv Bajaj, MD, Bajaj Auto, during the launch.
Bajaj Auto stock price
On September 09, 2014, Bajaj Auto closed at Rs 2325.20, down Rs 36.1, or 1.53 percent. The 52-week high of the share was Rs 2380.00 and the 52-week low was Rs 1796.00.
The company's trailing 12-month (TTM) EPS was at Rs 112.16 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 20.73. The latest book value of the company is Rs 332.04 per share. At current value, the price-to-book value of the company is 7.00.
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