Kawasaki - Bajaj alliance ends - Bajaj Press Release

1. Pressrelease
25th March 2017
Salesand after salesservice of Kawasaki bikes.
Bajaj Auto hashad an alliance withKawasaki forthe sale andaftersalesservice of Kawasaki motorcycles
through its Probiking network since 2009.
We have progressively converted our Probiking network to be KTM dealerships. The Bajaj - KTM
partnership, launched its first co-developed product, the 200 Duke in 2012. Over the last 5 years, KTM
achieved a CAGR of 48 % and sales volume in FY17 is estimated at 37000 units. Now the Duke & RC
models are being offered in 5 SKU’s through the 300+ KTM dealerships in India. Going forward, Bajaj
intends to focus on the KTMbrand.
Kawasaki andBajaj have mutuallyarrivedatan amicable decisiontoendtheiralliance in IndiafromApril
1, 2017.
Consequently, with effect from that date, Kawasaki motorcycles will be sold and after sales service,
including that for past customers, will be provided by “India Kawasaki Motors Pvt Ltd” (a 100%
subsidiaryof Kawasaki HeavyIndustriesJapan),establishedin India in July 2010, through its own dealer
network.
Bajaj and Kawasaki will continuetomaintaintheirco-operative relationship across the rest of the world
for current and future businesses.
AmitNandi
President(Probiking)