KTM AG () is an Austrian motorcycle, bicycle and motorsports brand. It traces its foundation to 1934, as Kronreif & Trunkenpolz Mattighofen. Today, Bajaj Mobility AG (formerly Pierer Mobility AG) operates as the manufacturer of KTM-branded motorcycles, and KTM Fahrrad GmbH operates as the manufacturer of KTM-branded bicycles.
KTM is known for its off-road motorcycles and as a reputed MotoGP constructor.
In November 2025, it was announced that Bajaj Auto had completed the acquisition of a controlling stake in KTM for €800 million, increasing its indirect holding to approximately 75%.
History
Early years In 1934, Austrian engineer Johann (Hans) Trunkenpolz (1909–1962) set up a fitter's and car repair shop in Mattighofen. In 1937, he started selling DKW motorcycles, and Opel cars the following year. His shop was known as Kraftfahrzeug Trunkenpolz Mattighofen, but the name was unregistered. During the Second World War, his wife took care of the business which was thriving mainly on account of diesel engine repairs.
After the war, demand for repair works fell sharply and Trunkenpolz started thinking about producing his own motorcycles. The prototype of his first motorcycle, the R100, was built in 1951. The components of the motorcycle were produced in house, except for the Rotax engines which were made by Fichtel & Sachs. Serial production of the R100 started in 1953. With just 20 employees, motorcycles were built at a rate of three per day.
Kronreif & Trunkenpolz Era (1953–1991) In 1953, businessman Ernst Kronreif became a major shareholder of the company, which was renamed and registered as Kronreif & Trunkenpolz Mattighofen. In 1954, the R125 Tourist was introduced, followed by the Grand Tourist and the scooter Mirabell in 1955.
The company secured its first racing title in the 1954 Austrian 125cc national championship. In 1956, KTM made its appearance at the International Six Days Trials, where Egon Dornauer won a gold medal on a KTM machine.
In 1957, KTM built its first sports motorcycle, the Trophy 125cc. KTM's first moped, named Mecky, was launched in 1957, followed by Ponny I in 1960 and Ponny II in 1962 and Comet in 1963. The 1960s also saw the beginning of bicycle production in Mattighofen.
Ernst Kronreif died in 1960. Two years later in 1962, Hans Trunkenpolz also died of a heart attack. His son, Erich Trunkenpolz, took charge of the company's management.
As the company continued to expand, the workforce totaled 400 in 1971, and forty years after it was founded, KTM was offering 42 different models. Additionally, KTM was able to produce motorcycles for the racing industry and began producing motorcycles for John Penton. During the 1970s and 80s, KTM also started to develop and produce engines and radiators. Radiators sold to European car manufacturers constituted a sizable part of the company's business in the 1980s.
In 1978, US subsidiary KTM North America Inc. was founded in Lorain, Ohio.
In 1980, the company was renamed KTM Motor-Fahrzeugbau KG. One year later, KTM had about 700 employees and a turnover of 750m. schilling (about 54.5m. euros). International business then amounted to 76% of the company's turnover.
However, scooter and moped turnover sank rapidly, and production had to be halted in 1988. Erich Trunkenpolz died in 1989. Takeover of a 51% interest in the company by the Austrian investment trust GIT Trust Holding controlled by Austrian politician Josef Taus in 1989 was followed by unsuccessful attempts to turn the indebted company around, and in 1991, management of KTM was transferred to a consortium of creditor banks.
In 1991, the company was split into four new entities: KTM Sportmotorcycle GmbH (motorcycles division), KTM Fahrrad GmbH (bicycles division), KTM Kühler GmbH (radiators division) and KTM Werkzeugbau GmbH (tooling division).
Bicycles: Urcauf Family Era([1992 onwards)
After the split, Urcauf family took over the bicycle division KTM Fahrrad GmbH in 1992.
In 1994, they started producing bikes with aluminium frames and electric bikes.
In 1996, Carol Urkauf-Chen takes over the company.
In 1998, They adopt orange colour in their logo.
In 2006 they launch bikes with full carbon frame.
In 2007, they shift to a new headquarter in Wels, Upper Austria.
In 2018 Owner Carol Urkauf-Chen moves to the supervisory board, Johanna Urkauf and Stefan Limbrunner act as managing directors.
Motorcycles: Stefan Pierer Era (1992–2025)
Austrian automotive entrepreneur Stefan Peirer took control of KTM Motorcycles in 1992 and later took over the sibling tooling division KTM Werkzeugbau. In the following years, while steadily increasing production and turnover, investing in new production and R&D facilities, introducing new models and successfully sponsoring and taking part in various sports racing events, the company underwent a series of restructurings and stakeholder changes guided by KTM's managing director Stefan Pierer.
In 1994, KTM started production of the Duke series of road motorcycles; in 1996, KTM motocross machines were first decked out in KTM's signature orange color, and 1997 saw the introduction of liquid-cooled two-cylinder Supermoto and Adventure motorcycles. In 2007, the company debuted the KTM X-Bow sports car.
In 1995, KTM acquired Swedish motorcycle maker Husaberg AB and took control of the Dutch company WP Suspension.
In 2007, Indian motorcycle manufacturer Bajaj Auto acquired a 14.5% stake in KTM; which by 2013, increased to 47.97%.
In 2010 KTM Kühler divested their automotive radiator business to Mahle GmbH and the motorcycle radiator business to WP Suspension under WP Radiator brand.
In 2013, KTM acquired the formerly Swedish motorcycle maker Husqvarna from its prior owner BMW. The same year, KTM re-integrated the brand Husaberg into Husqvarna from which it had spun off in the 1990s when Husqvarna was sold to the Italian company Cagiva. In 2019, KTM acquired a 60% stake in the Spanish enduro motorcycle brand GasGas. In 2020 GasGas became a wholly owned subsidiary of KTM.
In 2021 Bajaj Auto sold 46.5% of KTM's shares to Pierer Mobility AG in exchange for 49% shares in the latter company and thus became an indirect stakeholder in KTM.
In 2022, Pierer Mobility acquired a 25.1% stake in Italian motorcycle company MV Agusta; and increased to a majority 50.1% in 2024.
In 2023 Pierer Mobility's financial situation became increasingly unsustainable and by 2024 they had a heavy debt to pay off. In 2024 KTM went into self imposed administration. Pierer Mobility was compelled to sell their stake in MV Agusta back to the previous owners the Sardarov family.
In the early 2025 Stefan Pierer started exiting from executives roles in KTM and its affiliates, making way for new investors.
In May 2026, KTM was accused by a consortium of European media outlets, including Le Monde, El País, Der Spiegel and ORF, of providing substantial and widespread assistance in the de-limiting of its enduro motorcycles at dealerships, in order to circumvent European emissions standards.
Motorcycles: Bajaj Auto Era (2025–present) In 2025, Bajaj Auto, who were until now holding 49% stake in Pierer Mobility had offerred to take full control of KTM and its sister concerns by an 800 million Euro debt package. The deal was concluded in November 2025. Pierer Mobility is due to be rennamed as Bajaj Mobility which will hold 74.94% shares in KTM; rest of which lies in public hands.
Operations At present, KTM brand is operated by two corporate houses-
Bajaj Auto — motorcycles & affiliated businesses KTM Fahrrad GmbH — bicycles & related businesses
KTM Motorcycles KTM has facilities in Austria, India (partnership with Bajaj), and China (partnership with CFMoto) producing over 380,000 motorcycles (290,000 KTM models) in 2023. The main production site located at Mattighofen, Austria manufacturers majority of the models. In collaboration with Bajaj, the facilitiy located in Pune, India is responsible for producing smaller displacement motorcycles, including the Duke and RC series, for both the domestic and international markets. KTM and CFMOTO oversee the global production of the LC8c models (790 Duke and 790 Adventure) in Hangzhou, China.
Furthermore, KTM Sportmotorcycle GmbH and Husqvarna Motorcycles GmbH operate 24 and 8 distribution subsidiaries worldwide, respectively, most of them in European and Asian countries and in the US.
Joint ventures KTM started exporting their GS model to the US in 1968 through an American importer, John Penton under the Penton brand. This joint venture lasted until KTM established KTM America Inc. in Ohio in 1978.
In 2005, KTM-Sportmotocycle began a partnership with ATV manufacturer Polaris Industries with the goal of shared research, and more importantly shared distribution networks. This partnership was a two-year trial arrangement, at the end of which both parties had the option of merging the two companies into one. In 2006, KTM announced that the partnership with Polaris had been downgraded, and would instead only supply their 450cc and 510cc RFS engines to Polaris.
In January 2008, Bajaj announced that it would jointly develop two new 125cc and 200cc bikes for Europe and the Far East. The bikes would be badged KTM. In January 2012, Bajaj launched the Duke 200 model in India.
In November 2022 KTM acquired a 25,1 % stake in the Italian motorcycle manufacturer MV Agusta.
KTM Bike Industries
KTM as a brand is also used by KTM Fahrrad GmbH, which, as the exclusive licensee, manufactures bicycles and bicycle accessories. This company originated by the spin-off of KTM in 1991 and shares the same history and heritage as that of KTM Motorcycles.
Motorsports
KTM entered motorsports competing in motocross racing around 1972 after collaborations with Penton on various off-road bikes. KTM won its first motocross championship in 1974 when Gennady Moiseyev claimed the 250cc Motocross World Championship. By the end of 2016, KTM had won more than 260 world championship titles, making the company one of the most successful brands in motorsports. KTM has claimed 96 MXGP, MX1 and MX2 world titles since 1974 and 114 E1, E2, E3 and Super Enduro world titles since 1990. KTM dominated the MX1\MXGP championship with 10 wins in 15 years (2010-2024). Tony Cairoli (noted for racing the 350SX) won 5 times 2010 through 2014. With Ryan Dungey's 2015, 2016 and 2017 victories in the supercross world championship, KTM gained a successful presence in supercross racing as well. In 1994, a KTM factory team debuted at the Dakar Rally. In 1998, KTM riders won second to twelfth place. With consecutive wins from 2001 to 2019, the manufacturer has dominated the rally for 18 years now. KTM teams successfully compete in other rally raid events like the Atlas Rally or the Rallye du Maroc. KTM has won 37 cross country rallies world titles since 2003 and has won the FIM Cross-Country Rallies World Championship 15 times, most recently in 2015.
In 2003, KTM started sponsoring and supporting road racing in various capacities, with the most successful results stemming from their supermoto efforts. From 2003 to 2009, a KTM factory team competed in the 125 cc class of the motorcycle Grands Prix, and between 2005 and 2008 in the 250 cc class. Notable successes in the 125 cc class were the second and third place in the overall ranking scored in 2005 by KTM riders Mika Kallio and Gábor Talmácsi, the second place in 2006 by Mika Kallio, the third place in 2007 by Tomoyoshi Koyama and the 2005 KTM victory in the 125 cc constructor's championship. In the 250 cc class, Mika Kallio won third place in 2008. Since the first Rookies Cup season in 2007, KTM has supplied the bike for the Red Bull MotoGP Rookies Cup.
Grand Prix motorcycle racing In 2009, KTM announced their withdrawal from Grand Prix motorcycle racing in all classes, and did not return until 2012 in the new Moto3 class.