<ul><li>Bajaj Auto Ltd.'s European unit secures a €566m unsecured loan with JP Morgan Chase, DBS Bank, and Citigroup for investments.</li><li>KTM, co-owned by Bajaj and Stefan Pierer, faces funding deadline with creditors agreeing to a 70% haircut as part of a restructuring deal.</li><li>Citi assisting KTM in securing additional funds, required to resume manufacturing after filing for insolvency due to Covid-19 impact.</li><li>Amid financial difficulties in Austria's industrial sector, KTM struggles with rising costs, leading to job risks and impact on the company's operations.</li></ul>

KTM co-owner Bajaj Auto signs €566m loan before funding deadline

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