Bajaj Auto's unit has invested Rs 480 crore in KTM AG for the fourth time this year to help in the restructuring process.
The investment, made through convertible bonds, is aimed at funding the needs of KTM AG and preventing bankruptcy.
This investment is part of a complex holding structure involving Bajaj Auto and KTM's joint venture company, Pierer Bajaj AG.
Bajaj Auto has infused a total of 200 million euros in KTM since its bankruptcy, with a total funding requirement of 800 million euros for KTM's operations.