Bajaj who is now manufacturing KTM bikes in India is planning to acquire Ducati. If that happens then it will be a very good news for every motorcycle enthusiast. There are other bike manufacturers like Hero MotoCorp, Harley Davidson, Royal Enfied also looking forward to join the race to buy the Ducation from Volkswagen.
Speaking at the 10th annual general meeting, Rajiv Bajaj, MD of Bajaj Auto said:
“We are very close to finalising a very promising alliance, it’s not certain, that it will happen, but if it happens, it will open up enormous possibilities for the company. That is why we keep our money (cash on books) with us, so, once in a while, when an opportunity comes along, we are ready.”
Bajaj Auto holds free cash of about INR 13,250 crore.
Meanwhile, reports indicate that Volkswagen’s powerful labor unions is strongly opposing the sale of the Italian brand. Volkswagen group’s works council said in an e-mail.
“Ducati is a jewel, the sale of which is not supported by the labor representatives on Volkswagen’s supervisory board.”