Bajaj Auto Completes Acquisition of PBAG, Gains Control of PMAG and KTM

Bajaj Auto has completed the acquisition of the sole controlling stake in Pierer Bajaj AG through its wholly owned subsidiary Bajaj Auto International Holdings BV.  

This strategic move marks a significant milestone in the company’s international expansion as it now gains controlling interest in Bajaj Mobility AG and KTM. The transaction was finalised on November 18, 2025, after all regulatory conditions were met. 

Bajaj Auto Secures 100% Ownership of PBAG 

The acquisition covers 50,100 PBAG shares held earlier by Pierer Industrie AG. These shares were purchased following a series of call option exercises announced between May and November 2025. With the completion of the transaction, BAIH now holds 100% of PBAG’s shareholding. Through PBAG, Bajaj Auto will hold approximately 74.9% in Bajaj Mobility AG and KTM, strengthening its position in the global motorcycle and mobility market. 

Regulatory Milestones Before Completion 

The deal progressed through multiple regulatory stages including approval from the Austrian Takeover Commission on October 23, 2025, and notification from the European Commission received on November 10, 2025. These clearances enabled Bajaj Auto to exercise both call options covering 26,000 and 24,000 PBAG shares, respectively, completing the total acquisition. 

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Transition and Reorganisation Measures 

Following the transaction, PBAG has been renamed Bajaj Auto International Holdings AG while PMAG has been renamed Bajaj Mobility AG. Reconstitution of the Supervisory Boards and Management Boards of PBAG, PMAG and KTM is underway to reflect the change in ownership. These steps mark the complete exit of the Pierer Group from PBAG and its associated entities. 

Bajaj Auto Share Price Performance 

As of November 19, 2025, at 2:16 PM, Bajaj Auto share price was trading at ₹8,900.00 down by 0.24% from the previous closing price. 

Conclusion 

The completion of PBAG’s acquisition marks a significant corporate development for Bajaj Auto. With full ownership and a strengthened stake in PMAG and KTM, the company enhances its strategic presence in global mobility operations through a refined subsidiary structure. 

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