KTM turns a cash cow for Bajaj Auto: Earns dividend of Rs 3.65 bn in 8 yrs

Japanese auto major Suzuki earns several billions of rupees every year from its prized India subsidiary, Maruti Suzuki, where it owns 56 per cent stake. That is a story of cash going out of the country. But we have a successful example of an Indian auto company driving home billions of rupees every year from its investment in a foreign firm.  Pune-headquartered Bajaj Auto has over the last eight years cumulatively earned Rs 13.11 billion in profit share and Rs 3.65 billion in dividends from its investments in the Austrian bike maker KTM.   The Vienna Stock Exchange-listed.....

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