New Delhi, May 22 -- Bajaj Auto Ltd is doubling down on its strategy to increase its international business as it acquired a controlling stake in the Austrian motorcycle company that sells motorcycles under the KTM brand.

Under the transaction announced on Thursday, Bajaj will infuse €600 million into the company through debt funding, while €200 million has already been invested since FY2024, taking the total amount of the deal to €800 million ( Rs.7,778 crore).

The fresh infusion of funds is largely intended to pay off KTM's creditors and ensure the continuity of its business.

The transaction was informed to the exchanges just 24 hours before the 23 May deadline on which the motorcycle brand was supposed to deposit &...