EQS-News: Global milestone for PIERER Mobility: The 1,000,000th KTM motorcycle leaves the production plant of the strategic partner Bajaj in Pune/India

EQS-News: PIERER Mobility AG / Key word(s): Miscellaneous
Global milestone for PIERER Mobility: The 1,000,000th KTM motorcycle
leaves the production plant of the strategic partner Bajaj in Pune/India

23.01.2023 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Corporate News

Wels, 23^th January 2023

 

Global milestone for PIERER Mobility:

The 1,000,000^th KTM motorcycle leaves the production plant of the
strategic partner Bajaj in Pune/India

 

PIERER Mobility AG crossed a significant milestone with its leading
premium motorcycle brand KTM in India. The one millionth motorcycle – a
KTM Adventure 390 – has rolled off the production line at Bajaj’s Chakan
plant in Pune. This Bajaj Auto Limited plant has been co-developing and
manufacturing KTM (125cc to 390cc) and Husqvarna (125cc to 401cc)
motorcycles for global distribution since 2011.

 

To mark this historic occasion, Mr. Stefan Pierer, CEO of Pierer Mobility
AG, and Mr. Rajiv Bajaj, Managing Director & CEO of Bajaj Auto Limited,
were present at the Chakan plant. “Manufacturing has traditionally been
one of our strengths, and the one-millionth KTM milestone is a testimony
to that”, says Rajiv Bajaj. “When we inked our partnership in 2007, we set
ourselves the goal of developing innovations as strategic partners to make
KTM’s brands known worldwide. One million has been achieved. There are
many more to go”, underlines Bajaj.               

 

Stefan Pierer, CEO of PIERER Mobility AG: “This is indeed a momentous
occasion for both PIERER Mobility and Bajaj Auto.  Our success is based on
four pillars: globalization, constant innovation, motivated employees and
established brands. As Europe’s leading manufacturer of powered
two-wheelers, we have the right partner in Bajaj with the same passion to
deliver such successful services together. This gives us confidence for
the future.”

 

About Bajaj Auto:

With 18 million motorcycles sold in over 79 countries, the Bajaj brand is
truly “The World’s Favourite Indian”. It is India’s No.1 motorcycle
exporter, with two out of three bikes sold internationally carrying a
Bajaj badge. The company is also the world’s largest manufacturer of
three-wheelers. Bajaj Auto is the first two-wheeler company in the world
to have reached a market cap of INR one trillion and continues to be the
world’s most valuable two-wheeler and three-wheeler company. It has been
delivering products with best-in-class design and technology built on
uncompromised quality for the past 75 years. The company’s unwavering
commitment towards new product initiatives has made it future-ready.

 

About the PIERER Mobility Group:

PIERER Mobility AG is the holding company of Europe’s leading manufacturer
of powered two-wheelers, producing a full range of premium brands
including KTM, GASGAS and Husqvarna Motorcycles. With key strengths in
innovation, PIERER Mobility is a pioneering technology leader in
two-wheeled e-mobility through its motorcycle brands. Its Husqvarna
E-Bicycles, GASGAS Bicycles, FELT Bicycles and R Raymon complement the
two-wheeler segment. Rounding out the premium brand offering are
high-performance components produced under the WP brand and KTM X-BOW
high-end sports cars.

 

Contact

Investor Relations

Melinda Busáné Bellér

Tel.: +43 (0) 1 533 1 433 – 70

Email: ir@pierermobility.com

Website: [1] www.pierermobility.com

 

ISIN: AT0000KTMI02; Swiss Valor Number (Switzerland): 41860974; Ticker
Symbol: PMAG; Bloomberg: PMAG SE; Reuters: PMAG.S

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23.01.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: PIERER Mobility AG
Edisonstrasse 1
4600 Wels
Austria
Phone: +43 (0) 7242 69 402
E-mail: ir@pierermobility.com
Internet: www.pierermobility.com
ISIN: AT0000KTMI02
WKN: A2JKHY
Listed: SIX, Vienna Stock Exchange
EQS News ID: 1540609

Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PMAG, Bloomberg: PMAG
SE Reuters: PMAG.S

 
End of News EQS News Service

1540609  23.01.2023 CET/CEST

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