New Delhi, Dec. 24 -- Bajaj Auto Ltd is crafting a turnaround for KTM, its biggest acquisition, to boost profitability even as it loses market share in its home market.

Pune-based Bajaj Auto will look to discontinue smaller brands under KTM, rejig core operations and unlock synergies between the supply chains of Bajaj and KTM to reduce costs, according to management commentary during the earnings call and meetings with analysts.

"After the KTM acquisition, Bajaj Auto would now focus on the restructuring of the core operations. They would also look to leverage synergy benefits in manufacturing operations, the supply chain, and the distribution network," analysts at Motilal Oswal wrote in a 15 December note after meeting Bajaj Auto's lead...